Xend Finance Integrates With Tidal Finance to Offer Insurance Coverage with $XEND
- Xend Finance enhances platform security with its latest integration with Tidal Finance.
- Tidal Finance’s insurance coverage plans will allow $XEND holders to smartly secure their funds/wallets.
- Xend Finance users can purchase various insurance plans on https://xend.tidal.finance/ using $XEND tokens or USDC and also select the premium rate and cover rate as per their specific requirements.
As we continue to take revolutionary steps in our journey of ‘Decentralizing Africa and Beyond’, Xend Finance integrates with Tidal Finance to allow our community to insure their assets and financial instruments. Tidal Finance is one of the leading decentralized discretionary mutual cover protocols that will enable DeFi users to smartly hedge their DeFi assets and financial instruments against various types of market risks, security breaches, failure of protocols, and more.
Xend Finance has successfully passed the rigorous security audit of Certik and other leading audit firms and proved itself a secured protocol. Yet, we firmly believe that integrating with a smart protocol insurance service provider as Tidal can seamlessly cater to our community’s different security concerns. Decentralized, Trustless, and Transparent, Tidal Finance’s mission aligns perfectly with our mission of increasing DeFi adoption.
Tidal Finance provides different insurance plans for different types of assets and protocols that help market participants minimize and mitigate risks while ensuring higher yields. This integration focuses on allowing Xend Finance users to enjoy smart DeFi insurance plans benefits using $XEND tokens on https://xend.tidal.finance/
Strategic Integration with Tidal Finance
Xend Finance users can now self-purchase different wallet insurance plans of their choice conveniently with $XEND tokens. Users can also select the premium rate and cover rate as per their specific requirements and pay weekly while the assets remain covered and active in the market. To buy coverage on https://xend.tidal.finance/, users first need to pre-deposit funds which is a crucial feature. It saves users from the gas fee applicable on the automatic weekly coverage cost deduction. So, pre-deposit funds using USDC or $XEND tokens and maintain sufficient balance for weekly coverage plan cost.
The primary aim of this integration is to offer an additional security feature to our community who want to take extra precautions for their funds’ security, minimize risks, and earn excellent yields. So, choose your coverage plan and secure your assets today!
About Tidal Finance
Tidal Finance is the first flexible DeFi insurance platform and marketplace, offering the highest APYs and gas-free transactions. The flexible insurance model allows companies to adjust their premiums on a weekly basis based on fluctuating TVLs (Total Value Locked).
About Xend Finance
Xend Finance is a global DeFi platform for credit unions, cooperatives, and individuals, with an open Layer-2 infrastructure for developers. Members can earn multiple levels of interest on their savings by seamlessly exchanging their crypto or fiat currency to stable cryptocurrencies and staking on lending platforms. Xend Finance recently released their Cross-Chain High Yield Aggregator, the first product in the industry that automatically scans and ensures the highest yields across multiple chains. Currently the product is available for BSC and Polygon.
The international team is made up of professionals with backgrounds in mathematics, finance, cryptography, and blockchain development, working for KPMG, Chevron, Huobi, and Stanbic Bank. Xend Finance is backed by Binance, Google Launchpad, NGC Ventures, Hashkey, and AU21 Capital, amongst others, and is headquartered in Enugu, Nigeria.
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