Why Tapir is Different?

🆚 Tapir vs. Traditional DeFi Insurance

Feature	Traditional Insurance (Nexus, InsurAce)	Tapir Protocol
Capital Efficiency	Collateral sits idle in pools	100% productive—earns yield
Coverage	Smart contract hacks only	All depeg events (hacks, slashing, liquidity crises)
Claim Process	Manual, slow (days-weeks)	Automated at expiry via oracles
For Protection Buyers	Pay premiums, get no yield	Keep full base yield minus small premium
For Protection Sellers	Lock capital, earn fixed premium	Earn base yield + premium on same capital

---

🎯 Built for High-Yield Assets

Most DeFi insurance can't economically protect high-yield assets (15-30% APY) because:

1. The insurance cost would exceed the yield

2. Protection sellers would need to match the yield + risk premium

Tapir solves this by letting both sides keep the base yield – making protection affordable even for assets with 20%+ APY.

Current Target: Zircuit Finance, Pendle ecosystem assets (sUSDe, PT-weETH, etc.) with 15-30% yields

---

🔗 Transparent, Trustless Resolution

• Automatic: Depeg checks happen at pool expiry – no claims process

• Oracles: Multiple price feeds (Chainlink, Pyth) determine if a depeg occurred

• Verifiable: All settlement logic is on-chain and auditable

Example: If sUSDe trades below $0.98 for 24+ hours at expiry, depeg is confirmed automatically – no governance votes, no manual intervention.