The Tidal ecosystem consists of 4 primary actors
The protocol is an insurance marketplace that is decentralized. It enables insurers/underwriters to launch insurance policies on-chain, protecting policyholders from risk and providing profit potential for liquidity providers.
Protocol participants include:
- Pool manager - underwrite policy, modify policy parameters, and submit claim
- Liquidity provider - As a liquidity provider, you can deposit collateral and earn a yield.
- Policyholders - Purchase insurance policies and pay premiums.
- Committees - vote on a claim, and propose and vote on a manager or committee member change.