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Tidal Finance Price

(TIDAL)

Note: This cryptocurrency has not yet been officially listed on KuCoin Thailand.

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Tidal Finance (TIDAL) Live Price Chart

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    TIDAL(TIDAL) Profile

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    ATH
    $0.05654085
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    865,226,229
    Max Supply
    19.84B

    About Tidal Finance

    • What Is Tidal Finance (TIDAL) Crypto?

      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).

    • How Does Tidal Finance Work?

      In Tidal Finance, you can participate as a liquidity provider, insurance buyer, or guarantor. As a liquidity provider, you contribute capital to insurance pools and earn returns from policyholders' premiums. As an insurance buyer, you purchase coverage to protect against potential losses in your DeFi investments. Guarantors stake their tokens to support insurance pools and earn returns in the process.

      Users, including security professionals and liquidity funds, can set up their own insurance pools with flexible conditions such as coverage terms and premium amounts. This customization allows for tailored insurance solutions for different types of risks associated with digital assets.

      Tidal Finance integrates a mechanism to manage and distribute risks effectively. Pooling various insurance contracts together helps spread the risk among multiple protocols, reducing the potential impact of a single point of failure. This pooling approach also maximizes capital efficiency, allowing participants to leverage their investments better while providing competitive insurance offerings.

      The platform has a structured process for filing claims and distributing payouts, governed by the community through a decentralized voting system. This ensures that claims are handled fairly and transparently.

    • When Was Tidal Finance (TIDAL) Coin Launched?

      Tidal Finance was launched in 2021 by Chad Liu. Tidal Finance launched on the Ethereum layer-2 network, Polygon, which helped streamline its services and expand its market reach.

      Tidal Finance released its second version (v2), significantly improving the platform. This update allowed third-party insurers and underwriters to host their own insurance pools, enhancing customization for insurance policies and improving risk management by separating collateral among insurance pools​.

      Tidal Finance raised an additional $1.8 million to help launch its decentralized insurance marketplace, bringing its total funding to $3.8 million. This funding supported the development and expansion of their protocol and ecosystem​.

      Tidal Finance has expanded its insurance offerings to include cover for slashing risks for proof-of-stake protocols, like Ethereum 2.0. This new coverage is aimed at validators and delegators, providing them with more security options.

    • How to Use TIDAL Token

      The TIDAL token in Tidal Finance has several key uses within the platform:

      1. Decentralized Governance of Tidal Finance: As a TIDAL token holder, you can participate in governance decisions, helping to shape the direction and policies of the platform. This includes voting on various proposals that affect the protocol.

      2. Staking TIDAL on Tidal Finance: You can stake your TIDAL tokens to earn rewards. Staking helps secure the platform and offers you returns in the form of additional TIDAL tokens.

      3. Claim and Payout Participation: TIDAL tokens are used in the claim assessment and payout processes. If you are a token holder, you can participate in deciding the outcome of insurance claims made on the platform.

      4. Liquidity Provision: By providing liquidity, you can earn premiums paid by those purchasing cover on the platform. This involves locking up funds, including TIDAL tokens, to backstop potential insurance claims​.

      5. Trade TIDAL on KuCoin: Trade Tidal Finance token on the KuCoin Spot Market based on your research (DYOR). Buy, sell, or HODL $TIDAL if you believe in the future potential of the Tidal Finance protocol and the overall DeFi market.

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