Oasis partners with tidal finance on its platform to provide Defi insurance and coverage.
“We are thrilled to announce that Tidal will be integrating its cross-chain insurance protocol with the Oasis Network,” says Oasis Foundation via tweet. Now, users can take advantage of a new class of privacy-enabled financial vehicles while minimizing their risk exposure with Tidal.
Tidal finance is a high yield insurance platform. It allows users to buy and sell insurance cover for their assets and smart contracts across multiple chains.
Partnership with Tidal may signal a renewed focus on DeFi. Tidal finance will provide decentralized asset insurance to lending protocols and DEXs integrated to the Oasis network in future.
“We are excited to work with Oasis to pioneer the next frontier of smart contract coverage,” – Tidal co-founder Chad Liu.
“This Integration will go beyond just providing capabilities. The Oasis Network’s unique ability to keep smart contracts with their data confidential will also allow Tidal to explore expanding their claims process to include anonymous, democratized voting to claims processing with their community. In short, their community could vote on whether a particular claim should be approved in a privacy-preserving manner.” – Oasis Protocol Foundation.
This partnership of the Tidal and Oasis community brings users one step closer to privacy-enabled DeFi.