what's Tapir Protocol?

Tafir Protocol is a decentralized DeFi protocol offering capital-efficient protection against depegs in yield-bearing assets. Users deposit supported assets (e.g., weETH, Pendle positions) into time-bound pools, receiving dual tokens: DP (Depeg Protection) for coverage against depegs, hacks, slashing, or liquidity crises, and YB (Yield Bearer) for selling protection to earn premiums atop the base yield. An integrated AMM enables trading between DP and YB, dynamically pricing depeg risk based on market demand, while all capital remains fully productive with no idle reserves. Settlement occurs automatically on-chain via oracles with a 7-day timelock for security, ensuring defense-in-depth even against compromises. Pools mature at fixed dates, distributing outcomes without governance intervention. Initially deployed on Ethereum testnets like Sepolia, the protocol emphasizes immediate yield accrual, no lockups, and on-chain enforceability, redefining DeFi risk management.

Tapir Protocol launched testnet.