We are pleased to announce our next AMA on February 4th, 2021 at 01:00 PM UTC Time: Satoshi Club x Tidal
⚠️Click to see the hour
⚠️Total Reward pool: $800
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Tidal Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Tidal Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about Tidal
For more details:
Tidal – @TidalGlobal
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What has been achieved and what will be achieved from the #TIDAL partnership with #KONOMI, and where can users benefit from the partnership with #KONOMI?
What crypto assets are currently supported to be insured on the TIDAL platform? what is the starting mechanism? and what incentives do you offer?
are TIDAL tokens available for trading? where can we buy and sell TIDAL Tokens? what is the current supply quantity?
Why did you decide to create your project on Polkadot? What will be the total capitalization of the Tidal token?
Customizable insurance pool to meet buyer and LP’s demand. Pool creators can launch new pools by choosing any combination of protocols/assets and their coverage terms (premium, cover period, etc). LPs can invest in pools that suit their risk/reward ratio. howa I can earn return and get cover. In the TIDAL project?
Tidal Finance has joined forces with Cere to provide decentralized insurance service to Cere’s pledge fund pool and liquidity mining, offering Cere users to get covered in case of smart contract exploit. Cere will also become an option for Tidal capital providers to earn additional returns.Are there companies other than this and what are your future plans with this partnership?
Does the tidal project offer bonuses to users like (Airdrops / Competitions / Rewards for token holders.etc)
Tidal Finance partnering with Bluzelle not long ago..What do you think are the advantages and features of this company can contribute for the development of your own projects?What will you expect collaborating with them?
What are the qualifications or required steps to advantageously launch an insurance pool on Tidal finance ecosystem? How many pools can be created per user? Can the user create multiple pools on TidalFinance?
The particular complication of DeFi Ecosystem is the vulnerability of Smart Contract..since millions of assets have been lost due to the security breaches in Smart Contract..How TidalFinance aim to resolve this difficulty?How can you ensure the users and users assets to safety?
Insurance platform need a viable financial asset base that can sufficiently cover payout claims because a fracture in your capital model may bring down the entire system. Since your capital base will be backed by the insurance pools created by users, what rules guide the creation/operation of these insurance pools in Tidal and how do you use “controlling algorithm” to assess and vet the insolvency status of users created pool? Also, when a payout claim is requested, what mechanism do you use to validitate these claims and how is the final settlement of claims decided?
I saw that you just announced a partnership with Reef and last week you announced one with KONOMI. What can you tell us about this strategic partnerships, why did you choose them? What befenits will Tidal recieve from this? What other important partnerships are we going to see soon? What projects do you want Tidal to collab with?
Tidal finance is a decentralised insurance marketplace which is built on Polkadot. However I read where you said that your v1 will be launched on Ethereum first and then later, you will get migrated to Polkadot. Why didn’t you launch directly on Polkadot blockchain and how long after you go live will this migration takes place. Also, as a Polkadot based insurance marketplace, do applications need to be on the Polkadot blockchain before they can benefit from your insurance cover or it will be possible to draw insurance premium from Tidal irrespective of someone originating blockchain?
Could you tell us more about your roadmap? You don’t have it on your web nor twitter, why? I would like to know whats coming for Tidal because all this partnerships you’ve been announcing lately got me excited and wanted to know more about the future of the project, what can you share with us?
Led by European digital asset company KR1, you were able to raise $1.95 million from seed funding in the Q4 of last year. However, you said your mainet won’t go live at least until the ending of March. What else is delaying the kick start of your project since you already have sufficient fund to start after a successful private sell? Which direction is your project focussing on currently and how have you (or will you) spread the spending of this fund within your project?
Recently on twitter you said that with the current partnership, the Tidal Finance insurance solutions will be available to the Polkadot DeFi ecosystem. What about the other ecosystems? Are you planning to provide available insurance solutions for them too in the future or would you stay purely on the Polkadot DeFi ecosystem?
I need a liquidity fund platform that offers me good insurance for my assets. Are your liquidity funds balanced? How does Tidal Finance deal with risks or events within its own platform?
Tidal Finance, being an insurance platform, is supposed to offer many offers and different insurance groups. How do I know which is the best offer to cover my assets and which insurance groups best suit my needs?
I have heard a lot about Quinielas but I don’t know how they work within a cryptocurrency market, Tidal Finance says on their website that they offer the Quinielas service. How does this service work within your ecosystem and what group or pools are available?
question:
The recently signed partnership with Tidal and Reef will focus on Security Strengths in the Defi Landscape, So with that , Can you guarantee that there will be zero-chances for an Exploit or All that you can do is only to MINIMIZE the exploit incidents?
question:
Our Tidal CEO Chad LIU once said that 99% of assets being locked in Defi Space is not protected at all.Will Tidal favor the Centralized Finance in the long Run or You will still believe the power of Defi?
Running an insurance service certainly requires people who are reliable in this field. Can we find out how strong the team behind Tidal is? And is there anyone from Tidal’s team who has previous insurance background?
Some insurance services take a long time to claim and require a complicated process. How did Tidal anticipate this? how do you run the efficient payout process to validate claims?
Tidal Finance is collaborated with Konomi Protocol. Konomi is a lending protocol built on substrate. What is the advantages and benefits of this collaboration for your customers?
Tidal Finance is collaborated with Cere Network. Cere Network is the world’s first Decentralized Data and Finance Cloud platform built on Polkadot. What is the advantages and benefits of this collaboration for your customers?
Tidal Finance is collaborated with Bandot. Bandot is Polkadot’s first stable coin credit system with cross-chain smart token swaps, unsecured credit and a liquidity pool. What is the advantages and benefits of this collaboration for your customers?
In short, how is @tidaldefi different amidst the prevalent options in the current DeFi sphere?
Which are the exchanges your token support?
If you should wants to help your investors.where they checked details
i read that Tidal Finance want to launching different category risk
pool with multiple protocols. can you please explain why insurance pool is important
and how does it work ? How can we as your client join at your insurance pool ?
What is Tidal Finance’s Core Design concept to raising your capital efficiency?
do you have a simple explanation and example case how insurance fund make returns ?
Tidal Finance recently announced that it will collaborate with Konomi. In this statement, I was intrigued to say that in addition to Tidal Finance’s protection to Konomi users in the event of smart contract abuse, Konomi will also become an option for Tidal capital providers to earn additional returns. Can you please give information about how this return mechanism will be?
There have been recent hack events on many projects that have been audited by good auditors. To prevent such same incidents, how is TIDAL doing on smart contract audit and what is been done to make sure funds are safe and there will be no rug pull?
One of your direct competitors include Cover and Nexus Mutual. These competitors are currently doing well and fine on their respective platforms and are focusing on different areas in the field. Is TIDAL also working on these areas that both of them are already covering or is there any other area that TIDAL is focusing on which is already different from what either Cover or Nexus Mutual are currently offering in the space?
The total locked value in DeFi is around 26 billion and Nexus Mutual covers around 300 million. This is an indication that there is still a big gap and that Tidal can become one of the leaders in the space. Do you think TIDAL can match this and in what ways do you think it can be made possible and feasible?
If so, what consequences or losses does this generate? What are the risks or payment percentages that users must face when participating in Tidal Finance’s liquidity systems and how do they vary according to the type of subscription chosen?
I have seen that Tidal Finance’s blackout periods are from 1 to 3 months but I don’t know the consequences of interrupting these periods or if the periods are permanent, is it possible to interrupt your blackout periods in case of an emergency?
To obtain the best ROI in Tidal Finance it is necessary to generate liquidity, but what levels of liquidity is necessary to deliver to Tidal Finance to obtain rewards in ROI that are considerable?
Tidal Finance has announced many partnerships this month. Konomi, Reef finance, Cere Network and Bandot are among them. I must ask how much funds does this project reserve only for strategic alliances? And what are the core achievements from this partnerships last month?
I saw a quote from Tidal’s CEO saying that “Tidal brings coverage solution to increase users safety and security” what are the technological blockchain solutions that Tidal Finance implements to protect their users and it’s assets?
Tidal is an insurance market very similar to Balancer, Why did you use an insurance market design similar to theirs and what additional functions does your market have unlike Balancer’s design?
Is it possible to trade the insurance tokens offered by Tidal Finance on the market or are these tokens only available on a closed market?
Buyer and LP demand are very difficult to meet, Is it possible to customize insurance groups to meet buyer demand? Can any of the protocols or assets be combined on these occasions?
You have some coverage periods in TIDAL FINANCE that vary from 15 days to 60 days. What advantages do I get by paying a 60-day coverage price over a 15-day coverage price?
5% APR, 3% APR and 2% APR are the percentages or prices that TIDAL FINANCE offers in its services. What benefits do your % APR include according to the 3 types of prices proposed?
I read in a TIDAL FINANCE table that you offer several assets to secure: COMP.DAI, Aave.ETH …. What happened to the IoTeX assets? Is it possible to use this type of assets within your platform?
What is the current status of the project and can you tell us the roadmap of TIDAL for you? What’s your plan for growth & How do you attract users and developers?
Tidal Finance Partners with iGDeFi Platform Royale to Insure Liquidity Providers.
Under this partnership, Royale will utilize the TIDAL model to help manage risk for their platform.
Is this collaboration unilateral or will Royale also support Tidal?
Many of the projects, although robust and well developed, may be difficult to use for many users. How could you minimize this barrier to entry, making your services more accessible to users and helping them understand why they need insurance for their assets?
What requirements do I have to meet to become a Liquidity Provider of a secure pool in Tidal?
Do you have plans to develop a guide that briefly explains the types of interest, risks and implications before investing as LP or taking out an insurance group?
You say that group creators can launch new groups by choosing any combination of protocols/assets and their coverage terms, sounds good, but can anyone be a group creator? What are the requirements I need to create one?
It strikes me that you say that insurance tokens can be traded freely on the open market, and that this flexibility allows the buyer and seller to transfer their insurance contract at any time? Does this mean that when I buy a certain amount of tokens I am receiving at the same time the coverage corresponding to that amount of tokens?
I read that the tidal tokens will be distributed to the insurance buyers according to the amount of coverage purchased? But what happens if after I receive those tokens I decide to sell them further on some exchange, will this affect my coverage?
Because Tidal Finance is powered by Polkadot, is it the best option? The benefits are only to provide resistance and ability to upgrade? To other of these are there other benefits?
On their website they say that TIDAL’s open marketplace will greatly increase capital efficiency by encouraging competition between different groups. My question is, what if competition is not encouraged? Do you have another plan to increase the market for TIDAL?
Why does the TIDAL Token define its value based on returns from insurance groups? This value would not remain “Inexpensive” for a long time? How can I earn profits using the TIDAL token?
If I have the TIDAL token, what tools or aids do you offer me to encourage other users? And also, how will I manage to govern various processes on the platform such as: insurance group strategies, payment evaluations, etc?
In which portfolios can I buy / sell ICT? What would be the costs when carrying out a transaction with ICT? Is it exchanged for any cryptocurrency?
I understand that Tidal provides a whole interface that makes it easy for everyone to create insurance groups, right? But really, what characteristic can these insurance groups have? Can you give us more details about it and the versatility of Tidal in the creation?
Have you tried to develop only one insurance group that is compatible with each chain? what problems have arisen? or is it simply necessary to create groups a group for each of the chains?
You say that insurance groups suffer from auditors who carefully examine each group, but really what are those details that they examine in such detail? How to know that the groups created in Tidal will be able to pass these tests?
Will it really be required to complete KYC both to create insurance groups and to buy them? Or is Tidal totally decentralized and will only link directly to personal wallets?
I understand that TIDAL tokens will be distributed to providers and group buyers, but where are the creators of insurance groups really left? What benefits will they obtain apart from receiving a% for the sale of their insurance?
Apart from having great security, what are the demands demanded by lovers of insurance groups? Tidal has such a great variety of products that it will allow to please all creators and users?
You mention that you will provide an “offer of a competitive insurance premium to attract users”, but how much will that% you mention really be? And will it really be enough to prefer Tidal to another project of the insurance group?
Have you already created an insurance group in a particular chain and has it been successful? or are they still in the process of developing and auditing contracts for each chain?
Tidal Finance is powered by Polkadot. Does that mean Tidal provide insurance service for only the projects on Polkadot or do you also serve to other blockchains? If you do, is it any blockchain or is there a list of limited number of blockchains you support?
TIDAL is a Balancer-like insurance market built upon Polkadot that allows users to create custom insurance pools for one or more assets & is secured under Polkadot’s shared security model, ensuring high resilience and forkless upgradability. So may we know why in POLKADOT and why do you need Polkadot? Also what’s the primary use case for Polkadot?
Crypto partnerships are key to the success of cryptocurrencies in general & on your website, I can see on the BLOG that TIDAL had successfully made partnerships with many different kinds of huge projects. So may we ask what is the purpose or the reason of TIDAL seeking for more partnerships? Also I can’t see any Roadmap in the website, so is there any development services/products you are currently working on?
Tidal Finance recently announced it’s collaboration with Konomi, a lending protocol built on Substrate. So may we know why TIDAL chose to form a partnership with Konomi in the first place? What will this partnership provide to each other and how will TIDAL increase Konomi’s insurance fund’s efficiency? Also is this a long-term mutually beneficial relationship?
From this statement, “Insurance tokens can be freely traded on open marketplace, such flexibility allows buyer and seller to transfer their insurance contract at any time”. Therefore, is it okay to say that the value of the #TIDAL token is entirely pegged on the type & value of insurance cover traded? Do you think this economic model is sustainable?
Pool creators have the ability to customize insurance pool to meet buyer and LP’s demand and can launch new pools by choosing any combination of protocols/assets and their coverage terms (premium, cover period, etc). Is there a limitation to the extent of customization of such pools or are creators given an entirely hands free freedom to customization?
Can you explain why there is a Payout Risk in every pool in earning return to Pools in Tidal Finance? What is Payout Risk all about? I know every investment is a risk but in your platform how you can help investors in managing risk especially with the money being invested? Thank you
Aside from TIDAL tokens, an Insurance Capital Tokens or ICT will be issued to by Tidal.Finance. What will be the benefits of holding this token and how or where to buy ICT? Is it already available?
According to your website,buyers and LP’s can create a customizable insurance pool to meet their demand. Pool creators can launch new pools by choosing any combination of protocols/assets and their coverage terms (premium, cover period, etc). So if we create our own insurance pools, what will be the terms and conditions may applied between the buyers or LP’s and Tidal Finance? What will be the pre-qualification assessment before creating insurance pools? Is there any third party involve when creating insurance pools? Is there a need for an approval from Tidal team for the customized insurance pools to be valid? Thank you
Tidal.Finance issue Insurance Capital Tokens or ICT. As NFT market right now is gaining popularity, I am just wondering if Tidal.Finance Team are exploring or open to the possibility of issuing Insurance in the form of NFTs?
How to earn Insurance tokens in Tidal Finance? What are the uses of this tokens in your platform and in the market aside from it is tradable to open marketplace ? Can you mention which open marketplace we can trade the Insurance tokens? Is this marketplace open and available globally? Thank you
How does Tidal.Finance insurance works? Do the inssured assets will be lock on a vault on the time of coverage? What will happen to the issued ICT after the insurance policy lapse?
What are some of the main achievements that Tidal Finance has achieved and what important milestones in 2021 are planned for implementation in the coming?
In the TIDAL governance module, all stakeholders will be able to propose, vote and amend the protocol in a transparent and participatory manner.
What are the reasons for voting in the community, is it always a positive decision on voting?
Q : What are the core features of Tidal Finance, and how it is designed to powered by Polkadot?
Why did you decide to choose Polkadot? What are the benefits Polkadot brings to Tidal Finance?
as we know, Tidal Finance fast growing and many Partneships, how benefits we get for holder Tidal Token?
Which target users does Tidal Finance aim to serve? Will its technology be easy for participants to use but still ensure an open, transparent and equal way?
What are the main products of Tidal Finance, do you have staking, mining, NFT’s Programs?
How will your team ensure that Tidal Finance remains the top platform and keep pace ahead of your competitors?
Hello, i want to ask about Insurance from Tidal Finance, how does insurance pool work? Who can create one in Tidal finance, what a benefit if we use insurance?
To avoid bankruptcy, TIDAL will provide pool creators with a set of guidelines and controls that mitigate the risk of each pool. This action is performed by several control algorithms that are initialized at startup. What rules are spelled out there and who controls their implementation? And how does it work in general?
Help us understand the information that is given in the tables on the site. For example, in the GET COVER table I see the COMP DAI Pool 1 , there is the price is 5% and Resrv level 60% what does this data mean?
And also in the EARN RETURN table
Pool 1 Leverage 1.5x Payout Risk 5%
The last values plunged me into a stupor = = Leverage and Payout Risk
This is the first time I’ve seen this in earn pools
‘Long term holders of TIDAL token will have the right to vote on the backbone governance issues of the protocol, including: 1.Voting on protocol guidelines and updates 2. Vote on premium distribution (e.g. % to treasury, % to LPs).’ You have given so many important and key functions and questions under holders governance, how will you encourage holders to vote? How will this process work and how you will prevent the situations when decision can’t be made because of the votes lack?
I was confused by the words — transfer their insurance contract at any time. Do I understand correctly that the token is a separate smart contract that carries the terms of insurance? But having market specifics, the token can change in price, thereby changing the value of the insurance contract. Correct me if I’m wrong.
Insurance is important and necessary, but based on my own experience, I can say that to use it effectively you always need to ‘read the text of the contract, which is written in small letters’. I’m sure you can praise your project for hours, but I’m interested in what are called ‘pitfalls’. What should users pay attention to so that at some point it does not turn out that they will not receive insurance? Is this possible in the case of Tidal insurance?