Tidal Partners with Coinversation Protocol to provide Insurance for Synthetic Assets
Tidal announces a strategic partnership with Coinversation.
This partnership will enable Tidal to bring added security into the DeFi space through innovative cover solutions.
Through the collaboration they will witness the integration of the Tidal’s Insurance coverage solution for Synthetic Assets of Coinversation Protocol. This enables a close connection between the DeFi ecosystem and real world financial solutions and ensures secure data transfer.
About Coinversation Protocol:
Coinversation Protocol is the first synthetic asset issuance protocol and decentralised contract trading exchange. It uses the token CTO issued by Coinversation Protocol as collateral, and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles.
About Tidal Finance:
Tidal Finance makes DeFi safer by providing insurance coverage for assets across chains in custom balanced liquidity pools. With Tidal, users can choose risk pools depending on their risk appetite, and filter it through a combination of protocols/assets and their coverage terms (premium, cover period, etc). Liquidity Providers, on the other hand, can invest in pools that suit their risk/reward ratio.
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