Who Benefits from Tapir?

1. Protection Buyers (DP Holders)

You want: Safety without sacrificing yield (expect a small premium)

What you get:

✅ Full protection against depeg events (up to 50% loss)

✅ Keep earning the base yield from your underlying asset

✅ Flexible coverage: Customize your protection level by adjusting your DP/YB ratio

Cost: You pay a small premium by selling YB tokens

Ideal for:

• Risk-conscious DeFi users

• Institutions with risk mandates

• Treasury managers protecting on-chain reserves

Example outcome: In a modest depeg event within the pool's coverage range, DP holders are made whole first while still retaining the base yield of the underlying asset.

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2. Yield Boosted (YB Holders)

You want: Maximum returns and understand the underlying risks

What you get:

✅ Boosted yield: Earn above base yield by selling depeg protection

✅ Capital efficiency: Your assets remain productive (unlike traditional DeFi risk solutions)

✅ Risk transparency: Know exactly what depeg scenarios you're exposed to

Trade-off: You absorb depeg losses in exchange for premiums

Ideal for:

• Sophisticated DeFi users who understand protocol risks

• Hedge funds and prop shops

• Protocols offering protection as a service to their users

• Large LPs and trading desks that already manage portfolio-level risk

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3. Liquidity Providers (LPs)

You want: Sustainable LP rewards without impermanent loss on volatile pairs

What you get:

✅ Trading fees from DP/YB swaps

✅ TPR token incentives (Tapir's governance token)

Ideal for:

• Active LPs seeking new yield opportunities

• Market makers comfortable with DeFi derivatives