NAOS Finance Has Partnered With Tidal Finance
NAOS Finance has partnered with Tidal Finance To Design Commercial Loan Insurance Plans To Mitigate Financial Risks.
NAOS Finance has collaboration with Tidal Finance to customize DeFi insurance plans for real-world assets. The coverage will provide funds to repay a loan in case of default or delayed payment. The borrowers own the policy and pay the premiums with the lenders as the beneficiary. In the event of default, the insurance coverage would step in and make the loan payment up to the terms and limits of the policy.
TIDAL is a decentralized discretionary mutual cover protocol that offers the DeFi community the ability to hedge against the failure of any DeFi protocol or asset. By directly leveraging up the reserve to cover multiple protocols at the same time, the enhanced capital efficiency attracts reserve providers while a competitive insurance premium attracts buyers. In the case of collaborating with NAOS, a reserve pool will be created specifically to insure the policy of loan default.
About NAOS Finance
NAOS Finance is a decentralized real world asset (RWA) lending protocol that facilitates the borrowing of crypto native assets by using RWA as collateral. NAOS has established a large network of corporate borrowers and is operating with financing licenses in multiple regions. In the effort of connecting CeFi with DeFi, NAOS takes an ecosystem approach and looks to engage in meaningful strategic partnerships to expand the boundary of decentralized finance.
About Tidal Finance
Tidal Finance is the first multi-chain flexible insurance platform, working directly with companies, and the first insurance solution to launch on Polygon. The flexible insurance model allows companies to adjust their premiums on a weekly basis based on fluctuating TVLs (Total Value Locked) and evolving investment strategies. Users can buy and cover insurance purchasers and receive the highest APYs in the industry. Tidal Finance is also the first DeFi insurance provider to offer gas-free transactions for cover providers and buyers.
