Tidal Finance Partners with Bandot

Tidal Finance is excited to announce a collaboration with Bandot. Bandot is Polkadot’s first stable coin credit system with cross-chain smart token swaps, unsecured credit and a liquidity pool.

Tidal Finance has joined forces with Bandot to provide decentralized insurance service to Bandot’s pledge fund pool and liquidity mining, offering Bandot users to get covered in case of smart contract exploit. Bandot will also become an option for Tidal capital providers to earn additional returns. Further collaboration between both parties includes designing a custom insurance fund pool of lending and borrowing for Bandot’s Unsecured Lending System.

“I am excited to work with Bandot to offer mutual cover pools to increase their users’ confidence when transacting on the Bandot platform,” said Tidal founder Chad Liu. “The Bandot team is working on an innovative product and we are all excited to be part of the journey.”

“We are very excited to work with Tidal team to deploy a high quality decentralized insurance platform. We believe this cooperation will significantly help Bandot to provide the safeguard of assets management” said Bandot CEO Vincent Chen.

Tidal chose to form a partnership with Bandot because of Bandot’s important role in working on the exchange of smart assets in parachains and improving the ability of token interaction between parachains. Bandot is an important data indicator oracle machine and can provide real and reliable sources of economic data for different parachains.

Together, Tidal and Bandot look forward to a long-term mutually beneficial relationship.

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TIDAL is a multi-chain open market for programmable insurance, empowering users to create custom insurance pools for multiple assets. With pool statistics and ranking, it is the most efficient smart contract insurance market, launching on the Polkadot Ecosystem.

TIDAL Public Channels

✳️ Official Website: https://tidal.finance/

✳️ Medium: https://medium.com/tidal-finance

✳️ Twitter: https://twitter.com/tidaldefi

✳️ Announcements Channel: https://t.me/tidalann

✳️ Telegram Channel: https://t.me/TidalGlobal

📗Intro to Tidal Medium blog: https://medium.com/tidal-finance/introducing-tidal-open-marketplace-for-programmable-insurance-1a48b1d497eb