Manta Network and Tidal Finance Collaborate for Privacy and Insurance in the Polkadot Ecosystem

Manta network is excited to announce its partnership with Tidal Finance. Tidal Finance is an insurance cover marketplace that allows users to create custom insurance strategies for one or more assets. The Manta Network team will utilize the TIDAL platform to provide cover for its users, participating in the coverage pools also helps TIDAL to increase LP’s returns.

“I am excited to work with Manta Network to offer mutual cover pools to ensure more confidence in the Manta Network platform, as well as providing more yield options for LPs on Tidal,” said Chad Liu, Founder of Tidal.

Manta is a set of easy-to-use and secure protocols based on Substrate frameworks. It uses zk-SNARK to provide complete end-to-end anonymity, high throughput, and high cross-chain interoperability. It includes a decentralized privacy payment protocol, a decentralized privacy token exchange protocol, and a decentralized privacy lending and synthetic asset protocol to be developed in the future.

“We look forward to working together with Tidal to bring more features and benefits including privacy and insurance to liquidity providers on the Polkadot ecosystem.”

- Manta Network founder Victor Ji.

Manta Network will partner with Tidal Finance to launch its initial coverage pool. Through this partnership, Manta and Tidal intend to bring enable insured privacy to the DeFi landscape.

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