# 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.

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