- Tidal Finance will offer UniLend platform users an added level of strategic DeFi investing security
- UniLend will be added into Tidal’s risk pools as an extra bonus
- Tidal Finance allows users to create custom insurance pools for one or more assets including UniLend and UFT holders
- This partnership will increase UniLend treasury fund efficiency, attract more capital to UniLend and accelerate adoption
- This is a major step forward on our mission to cultivate a DeFi 2.0 one-stop-shop experience for the community
Today the UniLend ecosystem became immensely stronger and more secure with the addition of Tidal Finance to our ranks. If you’re not aware, Tidal Finance provides cross-chain decentralized insurance coverage for assets in custom balanced liquidity pools.
Through this collaboration, Tidal Finance will offer UniLend platform users an added level of strategic DeFi investing security. Users will be able to protect any of their assets on the UniLend platform, by way of insurance for uncovered assets.
We all know decentralized insurance is becoming more and more prevalent being that we’re in such a nascent space with new and unexpected risks that can arise. The fear of losing everything due to the unforeseen is quickly becoming a thing of the past with powerful projects like Tidal Finance protecting DeFi users.
To add to this already exciting news, UniLend will be added into Tidal’s risk pools as an extra bonus.This will enable Tidal liquidity providers to earn additional returns by providing insurance for these protocols.
UniLend strives to bring value to our community with every strategic partnership and we hope you see how robust our ecosystem is becoming, one partnership at a time.
How Tidal Finance has Taken the Unforeseen by Storm
Many DeFi enthusiasts are raving about Tidal Finance due to their usage of the Polkadot blockchain. Using Polkadot will enable Tidal to acquire more sources of liquidity to provide insurance to, specifically because Polkadot allows for increased cross-chain interaction.
Tidal Finance has been referred to as a Balancer-like insurance market built upon Polkadot which allows users to create custom insurance pools for one or more assets. This protocol allows users to choose risk pools depending on their risk appetite and filter it through a combination of protocols/assets while explaining the terms of the coverage.
Liquidity providers, using Tidal, will have more options as more protocols like UniLend join Tidal risk pools. This will vastly increase the ways liquidity providers may deploy their liquidity. As the pools grow so does the assurance that the protocol will be able to effectively cover DeFi claims; this will in turn attract more people to the DeFi space.
UniLend Making DeFi History One Strategic Handshake at a Time
We are still in the early stages of working with Tidal Finance and we can see the possibilities of our alliance growing in the future. Working hand-in-hand with the next generation of DeFi projects has kicked us off into overdrive. We’re excited to see where this will all lead and we hope our community sees that we value every one of you by continuing to push for a more robust ecosystem.
UniLend would like to assure everyone that we’re working hard to cultivate a DeFi 2.0 one-stop-shop experience. This all starts with working with other great projects that hope to push the boundaries of the status quo. Over time, you will see our work come to fruition and we hope you continue to join us on our exciting journey.
Please take into consideration that we’re a community-first project and we always appreciate hearing from our community. The UniLend team encourages everyone to stop by our community platforms and join in on the conversation.
To infinity and beyond!