Tidal Finance Partners With Kylin Network
Kylin Network is proud to announce a partnership with Tidal Finance, an advanced platform for DeFi insurance that insures assets across chains in custom-balanced liquidity pools.
In addition to providing decentralized price feed oracle services for Tidal Finance, we are also working together on validated data feeding and analytic use-cases specific to their needs, including, but not limited to: understanding the total locked value of contracts, the time contracts have been on the market, and various indicators that can help them assess risk between the protocols they have on hand.
For Tidal Finance, the partnership will result in having a much more accurate method by which to assess its core product offerings.
Chad Liu:“ Kylin Network’s product offering will bring us a robust data source for continuous risk quantification of different smart contracts on our platform. The risk quantification process is a building block for the insurance cover space.”
And for Kylin Network, this is a powerful use case that underscores the utility of building a decentralized and validated data infrastructure.
Dylan Dewdney: “We were very happy to develop this partnership because it sits on the cutting-edge of blockchain: our robust decentralized data infrastructure powering a new use case efficiency — protocol risk assessment in DeFi Insurance. Imagination is becoming fact.”
About Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network hopes to provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
Contact Kylin Network
- Telegram: https://t.me/KylinOfficial
- Twitter: https://twitter.com/Kylin_Network
- Discord: https://discord.gg/PwYCssr
- Medium: https://medium.com/kylin-network
- Linkedin: https://www.linkedin.com/company/kylinnetwork
- Official website: https://kylin.network/
About Tidal Finance
Tidal Finance is a Balancer-like insurance market built upon Polkadot that allows users to create custom insurance pools for one or more assets. By rewarding pool creators with a portion of the return from their deposits, the maximization of capital efficiency attracts LP’s, while the offering of a competitive insurance premium attracts buyers.