Tidal Finance (TIDAL) is a cryptocurrency in the decentralized finance (DeFi) sector. It offers a platform where users can trade risk-hedging contracts and create custom insurance pools for various digital assets. This platform allows both security professionals and liquidity funds to design their own policies with flexible conditions, catering to the needs of digital asset holders by offering a range of protection policies.
Launched on the Ethereum blockchain, Tidal Finance seeks to enhance capital efficiency by amalgamating multiple insurance premiums into a single collateral pool. This design aims to provide high yields to capital providers while maintaining a competitive environment for insurance buyers.
Tidal Finance also participates in the broader cryptocurrency ecosystem and is part of initiatives like the Polkadot and Polygon networks. It started trading on cryptocurrency exchanges in 2021 and has seen significant price fluctuations since its initial coin offering (ICO).
