# What is Tapir?

**Tapir is a risk protection marketplace tailor made for decentralized finance.**

Since 2021, over **$1.2 billion** has been lost to depeg events across DeFi. Yet **less than 0.2%** of the $150B+ in yield-bearing assets are protected.

Why? Traditional DeFi risk solutions require **locking up capital** in idle reserves, forcing investors to choose between **protection** and **yield**.

**Tapir Protocol solves this.**

Tapir is a **decentralized depeg protection marketplace** that lets you redefine risk management in DeFi:

✅ **Buy protection** against asset depegs while keeping full base yield

✅ **Sell protection** to earn additional premiums on top of your existing returns

✅ **Keep all capital productive –** no idle collateral, ever

Unlike traditional DeFi risk solutions that use non-productive assets (USD, ETH), Tapir uses the **underlying yield-bearing asset itself** for protection, keeping all capital productive.

<figure><img src="https://290230942-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Ffs2icldWo64X9laOubjf%2Fuploads%2F6NS8jW83hjlHdD5FPoeq%2Fmeet-tapir-thumbnail.jpeg?alt=media&#x26;token=7cc77669-bb3f-4a05-b8d3-4077c9329de6" alt=""><figcaption></figcaption></figure>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.tapir.money/readme.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.