Tidal Finance forms strategic Partnership with Bluzelle
Ahead of the release of the massively anticipated first version of the Bluzelle Oracles, Bluzelle announced the Bluzelle-Polkadot week. It was evident that the Bluzelle Oracles already gained lots of interest in the hearts of DeFi partners and most importantly from Polkadot ecosystem. This resulted in a long series of partnerships between Bluzelle and Polkadot-based projects. The first of it all is Tidal.
Tidal Finance has Integrated Bluzelle Oracles to enhance Decentralized Insurance Market. With the partnership being formed, Bluzelle Oracles will provide cross-chain data feeds to enable Tidal capture real-time Blockchain data to power the next generation of DeFi applications. Also, Bluzelle’s technology offers fast pricing intervals, advanced security triggers and high quality price.
As we all know partnerships are more like a symbiotic relationship, it is therefore important that both teams benefit from the collaboration. Hence, Tidal Finance is also of benefit to the Bluzelle Oracles as it allow users to create customizable insurance pools to meet their demands. Buyers are not also left out, they are also offered the flexibility to transfer their insurance contract using the tradable insurance tokens at their will time.
In addition, a set of data scaling solution is provided by Bluzelle to speed-up Tidal’s pace as it grows into a leading decentralized insurance marketplace. With Bluzelle’s decentralized database, data from the Tidal Finance platform can be stored on diverse hosts through distribution of the data across the whole network. Also, the Bluzelle Oracles will facilitate the bringing-in of off-chain data onto Tidal’s smart contract. Including accurate price feeds from decentralized sources.
The Founder of Tidal Finance, Chad Liu made known his excitement in working with a team of the caliber of Bluzelle which has a strong technical team to provide users more confidence in decentralized data. He added that, Bluzelle allows Tidal to launch new DeFi integrations while retaining access to a reliable data network.
Also, Pavel Bians, CEO of Bluzelle, said that Tidal Finance is positioned as a core pillar of DeFi on Polkadot. He said working with such a great platform and team gives further strength to Bluzelle’s Web 3.0 database solution. He capped it all by expressing his exciting feeling to be part of the first wave of products emerging on top of Polkadot.
About TIDAL Finance
Tidal Finance is a Balancer-like insurance market powered by Polkadot. It is a multi-chain open market for programmable insurance which is empowering users to create custom insurance pools for multiple assets. Tidal Finance is the most efficient smart contract insurance market launching on the Polkadot ecosystem based on pool statistics and ranking.
About Bluzelle
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Bluzelle is fully decentralized and stores data across thousands of nodes around the world, with each node providing storage space and earning a fee. Bluzelle is the AirBnB of Databases. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake network. Any laptop, desktop, mobile device and gaming console can become a node on Bluzelle. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360 degree views, and more. As defi grows, decentralized infrastructure plays a big role.
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