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Tidal Finance

TIDAL

Trade Tidal Finance on DEX

Tidal Finance can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

About Tidal Finance

Tidal Finance is the protocol that provides aid to the DeFi community against the failure of any DeFi asset or protocol. The protocol aims to create a decentralized insurance marketplace in the DeFi sphere to connect purchasers and sellers. Tidal Finance aims to increase capital efficiency and return for attracting reserve providers (RPs). The platform also aims to offer competitive insurance premiums for attracting purchasers.

According to the official document of Tidal Finance, RPs often increase the insurance cost for increasing their capital returns as a result of the low efficiency of insurance capital. This compels the insurance purchasers to pay a higher rate for purchasing the insurance of their covered protocols than the actual yield of underlying protocols. Tidal Finance protocol aims to offer highly competitive insurance premiums by allowing the capital of RPs to achieve more exposure to multiple protocols. This results in decreasing the price of each protocol's premium and increasing the return of RP's capital.

Tidal Finance aims to enable the RPS to create mutual insurance pools to stake their stablecoins. In return, the RPs gain two incentives: Stablecoin premium paid by the insurance purchasers; and the TIDAL governance token, the native token of the platform, as an incentive for participating in the Tidal Finance ecosystem.

The Tidal Finance ecosystem aims to allow the RPs to select a pool consisting of different tools or protocols they prefer to cover and to provide capital to such mutual insurance pools. Additionally, the ecosystem aims to provide insurance purchasers with crucial metrics like premiums, pool insolvency risk, and reserve capital pool for ensuring complete transparency and disclosure.

According to the litepaper of Tidal finance, the ecosystem provides two types of native cryptocurrencies: TIDAL cover tokens and TIDAL governance tokens. TIDAL cover tokens offer the token holders the right to receive a payout if covered protocols and assets fail. The TIDAL governance token is meant for governing every aspect of the Tidal Finance protocol. TIDAL governance token holders can vote on protocol governance proposals and assess claims on the disputed mutual cover.

Tidal Finance published its lite paper on December 23, 2020.

Market

Singapore Market Stats

Market cap

S$308,061.66

Volume (24h)

S$183,256.22

Circulating supply

865.2M TIDAL

All time high

0.07687500963193672

Price change (1h)

+0.64%

Price change (24h)

+5.9%

Price change (7d)

+3.42%

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Coinbase Bytes

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Tidal Finance is on the rise this week.

The price of Tidal Finance has increased by 0.64% in the last hour and increased by 5.90% in the past 24 hours. Tidal Finance’s price has also risen by 3.42% in the past week. The current price is S$0.000356 per TIDAL with a 24-hour trading volume of S$183.26K. Currently, Tidal Finance is valued at 99.54% below its all time high of S$0.0769. This all-time high was the highest price paid for Tidal Finance since its launch.

The current circulating supply of Tidal Finance is 865,226,228.913 TIDAL which means that Tidal Finance has as total market cap of 865,226,228.913.

FAQ

What is the current price of Tidal Finance?

We update our Tidal Finance to SGD currency in real-time. Get the live price of Tidal Finance on Coinbase.

What is the market cap of Tidal Finance?

The current market cap of Tidal Finance is S$308.06K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Tidal Finance?

The all-time high of Tidal Finance is S$0.0769. This all-time high is highest price paid for Tidal Finance since it was launched.

What is the 24 hour trading volume of Tidal Finance?

Over the last 24 hours, the trading volume of Tidal Finance is S$183.26K.

What other assets are similar to Tidal Finance?

Assets that have a similar market cap to Tidal Finance include Curate, Autobahn Network, Basis Cash, and many others. To see a full list, see our comparable market cap assets.

How many Tidal Finance are there?

The current circulating supply of Tidal Finance is 865 million.

Can I buy Tidal Finance on Coinbase?

Yes, Tidal Finance is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Tidal Finance guide.

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