DeFi made Safu Depeg Protection Marketplace 👃Guaranteed by Tapir
Ether
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Tapir’s first market is live! 🎉
We’re bringing a market for depeg risk to @Zircuit USDC on Base.
Explore our first market ↓
blog.tapir.money/p/zircuit-x…
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Tapir points are live.
Hold DP or YB and earn points for every full day you hold. Provide liquidity and earn a second stream on your trading fees.
Every finalized point converts 1:1 into TPR.
How to start 👇
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Request access at tapir.money
How points work, with caps and risks: blog.tapir.money/p/how-tapir…
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TTapir points go live tomorrow.
From Sep 25, 00:00 UTC, our @Zircuit USDC market on Base earns points two ways.
Hold DP or YB, and earn points for every full day you hold.
Provide DP/YB liquidity, and earn a second stream on your trading fees.
Every finalized point converts 1:1 into TPR.
Details 👇
Made with AI
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Full breakdown, with epochs, caps and risks: blog.tapir.money/p/how-tapir…
Not in yet? Request access at tapir.money
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Tapir Protocol retweeted
I love DeFi and hate seeing it struggle with adoption due to perceived high risk.
Excited to see teams like @Tapir_Protocol shipping real solutions to this.
Congrats on going live! 🔥
Tapir’s first market is live! 🎉
We’re bringing a market for depeg risk to @Zircuit USDC on Base.
Explore our first market ↓
blog.tapir.money/p/zircuit-x…
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Why is @Tapir_Protocol access by request only? The market is live but still young, liquidity is thin. We don't want to send you into it at a bad price. Tell us your side, DP, YB or LP, and how much. LPs start straight away! DP and YB we match BY HAND. Form below 👇
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Request access here 👇 docs.google.com/forms/d/e/1F…
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Thanks @Hashlock_ for reviewing Tapir’s smart contracts 🤝
Our first market on Zircuit Finance USDC is live. Explore the audit and the mechanics behind DP and YB below 👇
You could hedge your position or keep all of its yield. Not both. That was the trade-off.
@Tapir_Protocol removes it. Deposit a yield bearing asset like zvUSDC and Tapir splits the position into two tokens: DP carries depeg protection, while YB carries the boosted yield. Both keep earning the full base yield throughout the pool term. Trade them against each other on the AMM and the spread becomes the live price of protection, set by the market rather than an underwriter.
Traditional cover leaves sellers’ collateral sitting idle while buyers pay a premium for protection. Tapir builds the protection out of the yield-bearing asset itself. Nothing sits idle on either side.
Protection contracts matter most on the day everything else is failing. Hashlock reviewed the smart contracts designed to hold up on exactly that day.
📘 Full audit: hashlock.com/audits/tapir-mo…
🌐 tapir.money
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Tapir Protocol retweeted
Zircuit Finance was integrated by our friends at Tapir Protocol today. Tapir brings fine-grained depeg risk control to our depositors!
Tapir protects deposits from depeg events. In practice, users can deposit their Zircuit Finance receipts, backed by USDC and USDT, into Tapir. They receive depeg-protected (DP) and yield-boosted (YB) tokens, backed by their deposits in Zircuit Finance. If at the maturity date, the receipts are redeemable as expected, the YB tokens take some extra yield from the DP tokens. If there deposits cannot be redeemed, i.e., there was an unexpected depeg event, the YB tokens compensate losses for the DP tranche. Tapir features a market place, so the users can adjust the risk-reward profile to their liking by holding some ratio of DP/YB tokens.
Congratulations on the launch @Tapir_Protocol
Tapir’s first market is live! 🎉
We’re bringing a market for depeg risk to @Zircuit USDC on Base.
Explore our first market ↓
blog.tapir.money/p/zircuit-x…
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Our first market is live with Zircuit Finance 🎉
Read @Zircuit’s article on what Tapir adds and how it works 👇
Every side keeps 100% of the vault yield, so no capital sits idle in a reserve. The market opens in limited access while liquidity builds, and Tapir points start accruing on September 25.
More details in our blog: zircuit.com/en/blog/zircuit-…
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Tapir’s first market is live! 🎉
We’re bringing a market for depeg risk to @Zircuit USDC on Base.
Explore our first market ↓
blog.tapir.money/p/zircuit-x…
3
9
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7,802
Ready to get started?
Request access and tell us which side interests you: depeg protection (DP), boosted yield (YB), or liquidity provision (LP).
docs.google.com/forms/d/e/1F…
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Thanks @Quantstamp for reviewing Tapir’s contracts!We’re building a market where you can buy depeg protection or earn premiums for taking the other side.Full audit report in the post below 👇
We've completed an audit for @Tapir_Protocol!
Tapir Protocol is a depeg-protection marketplace that allows DeFi users and institutions to hedge the depeg risk of yield-bearing positions or underwrite it for extra yield.
Full report: certificate.quantstamp.com/f…
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Buckle up, anon. 👃
Tapir mainnet goes live next week.
Launch details dropping soon.
Made with AI
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Cronos halted its entire chain today after Tectonic was drained for ~$75M.
The number nobody's leading with, per @hklst4r's onchain work: ~$32.6M of bad debt left behind, plus 752 liquidations that took ~$8.7M off users who weren't in the attack.
The attacker only bridged out ~$6M before the halt. So ~$69M of that loss is still sitting on a stopped chain, unallocated.
Which is the actual problem. Not the oracle. The fact that who eats the loss gets decided after the loss, by a team, under pressure.
Subordination decides it beforehand. Everything else decides it in a war room.
Who should be taking the first loss here? 👇
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Full writeup from The Block: theblock.co/news/defi/2026-0…
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Stablecoin market cap: $321B → $305B since May 20. Third-largest drawdown in the industry's history, per @cumberlandsays.
Yield-bearing onchain cash equivalents over the same window: +101% YTD.
The float is shrinking. The slice of it that can actually depeg is doubling.
USDT never left $0.9988–$0.9992. USDC never left $0.9997. The majors were never the risk.
Which yield-bearing asset is carrying the most underpriced depeg risk right now?
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Full Cumberland commentary here: cumberland.io/insights/comme…
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An attacker minted 4 billion ONE out of thin air yesterday — roughly a quarter of total supply, per @CoinDesk.
Price fell as much as 40%. Exchanges are freezing funds. A full chain rollback is on the table.
No vault was drained. The asset itself was diluted under its holders.
Depegs work the same way: the token in your wallet doesn't move — the value under it does. It's the one risk most yield strategies still price at zero.
If a chain can debate rolling back its ledger, what does "par" mean for the assets sitting on it?
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CoinDesk's reporting on the mint and the rollback debate: coindesk.com/markets/2026/08…
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