Tidal Finance partners with Deficliq to provide Insurance coverage

1 min readMar 5, 2021

Tidal Finance is excited to announce its partnership with Deficliq, the first company to provide both collateralized and uncollateralized loans in both p2p and traditional ways. Deficliq offers more features like DAO (off-chain governance), staking, interoperability in one place.

Through this partnership, Tidal Finance will provide insurance coverage to assets on the Deficliq platform and help launch its initial coverage pool.

Integration of Tidal asset coverage with Deficliq

Tidal Finance is a decentralized discretionary mutual cover protocol offering the DeFi community the ability to hedge against failure of any DeFi protocol or asset.

With this collaboration, Tidal Finance will be able to adequately protect the smart contracts created on Deficliq by building a mechanism that utilizes insurance reserves to insure them against any hacks/malicious actors. The Deficliq team also intends to build in future integrations into its yield optimization features.