TIDAL FINANCE PARTNERS WITH KAVA TO PROVIDE DECENTRALIZED INSURANCE FOR DIGITAL ASSETS.
Tidal Finance is delighted to join hands with Kava, a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield. Tidal Finance is a high-yield insurance platform that allows users to buy and sell insurance for their assets and smart contracts across multiple chains. Through this partnership, Tidal Finance will provide smart contract cover solutions to the digital assets in the Kava ecosystem.
About Kava
The Kava DeFi hub operates like a decentralized bank for digital assets, allowing users to access a range of decentralized financial services, including its native USD-pegged stablecoin USDX, as well as synthetics and derivatives. Through Kava, users are able to borrow USDX tokens by depositing collateral, effectively leveraging their exposure to crypto assets.
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 select risk pools by choosing any 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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