Tidal Finance, the open-end insurance market powered by Polkadot that empowers users to create insurance pools for multiple assets, has announced its partnership with Royale to insure the latter’s liquidity providers. Royale is a leading cross-chain iG(iGaming) DeFi platform that allows the iGaming developers to integrate blockchain’s transparency and security for the iGaming innovation.
With this collaboration, Tidal Finance will be helping Royale in developing a trustless ecosystem where iG platforms can access liquidity for their bankroll requirements. It will allow Royale to utilize the TIDAL model to secure its platform. Users will also be able to insure their contributions towards the Royale LP (liquidity providers) with just a single click.
Talking about this mutually beneficial partnership, Royale co-founder Giorgio Andrews said,
Tidal founder Chad Liu also unanimously agreed to the statement made by Royale co-founder Giorgio Andrews and said,
Tidal will help Royale to roll out the initial coverage pool that will cover buyers and increase in their LP returns. On the other hand, Royale also invested in a Tidal model, which will be later used to insure the contributions made on the platform. aAll the Tidal finance team members are blockchain industry veterans who have an in-depth understanding of the finance industry and are quite proficient with emerging technologies. Therefore, this collaboration with Royale will open new opportunities for decentralized insurance for DeFi players, and iGaming is one such DeFi component that requires exposure.
