Page 8 - Cere Network News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Republic Labs Leads $5M Private Round for Cere Network (CERE), a Decentralized Data Cloud Platform
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Binance-Backed Cere Network Closes Additional $5 Million In Private Sale To Prepare for Polkadot Parachain
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Listen to article Press Release
Insurance marketplace Tidal Finance raises additional $1.8 million Eth2 stakers and validators can soon purchase cover using Tidal’s slashing insurance for proof-of-stake protocols.
Tidal Finance, a Polkadot-based insurance platform, today announced an additional $1.8-million investment round to launch its decentralized insurance marketplace in the coming month. Investors in this oversubscribed strategic raise include Spartan Capital, Hypersphere Ventures, Kenetic Capital and QCP capital. To date, Tidal Finance has raised a total of $3.8 million for protocol and ecosystem development.
“Insurance solutions are in high demand as high-value smart contract hacks have become more prevalent. While the total value locked in DeFi is approaching $40 billion, less than 3% of the assets are insured because of the limited availability of insurance. Tidal fills this gap by employing risk management strategies similar to traditional insurance companies t