tidal
  • 🐋v2 Introduction
  • BACKGROUND
    • Problem Space
  • ⚙️How it works
    • Network Roles
      • Pool manager
      • Liquidity providers
      • Policyholders
      • Committees
    • Premium Distribution
    • Est. APR Calculation
    • Claim and Payout
    • 🗒️Liquidity Provider Terms and Conditions
    • ⚠️Risks
    • 📘Definitions
    • 🛡️V2 Audit Report
    • 🗞️Original Whitepaper
  • ADVANCED TOPICS
    • Token Economics
    • Capital Management
      • Reserve Capital Bootstrapping
      • Dynamic Capital Adjustment
      • Fees and Funding
  • 1️⃣v1
    • v1 Introduction
    • v1 Solution Overview
    • v1 Network Roles
      • Reserve Provider
      • Guarantor
      • TIDAL Staking Pool
      • Cover Buyer
    • Premium Distribution
    • Payout Flow
    • Claim and Payout
    • Cover Policy
    • How to use
      • Provide USDC Reserves
      • Provide Guarantor Tokens
      • Transfer Token to Polygon
      • Stake TIDAL
      • Buy Cover
      • What's Epoch
    • FAQs
    • V1 Audit Report
  • ETH2.0 Slashing Coverage
  • Swap Loss Coverage
  • Logo images
  • TIDAL Homepage
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  1. v1

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.

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Last updated 1 year ago

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