v1 Solution Overview

TIDAL is a decentralized discretionary mutual cover protocol that offers the DeFi community the ability to hedge against failure of any DeFi protocol or asset.

With TIDAL, mutual cover pools can be created where Reserve Providers (RPs) can stake their stable coins to provide reserve capital to any pool. They receive the following two incentives in return: 1. Stable coin premium paid by cover buyers; 2. TIDAL governance tokens as an additional incentive for participating in the TIDAL ecosystem.

Within the ecosystem, RPs can select a pool with a combination of different protocols/tokens they wish to cover and provide capital to that mutual cover pool. Cover buyers can purchase the mutual coverage token for any specific protocol/token specified in any of the cover pools.

For cover buyers, key metrics such as premiums, reserve capital pool and pool insolvency risk will be available to ensure full disclosure and transparency. These parameters are monitored perpetually to ensure the highest degree of quality and safety.