Exclusive Terranova Picks: Shield Finance, Bringing DeFi to Investor Insurance

Share Article
In Brief
  • Shield Finance is a multi-chain DeFi insurance aggregator.

  • It allows users to buy protection against major market crashes due to black swan events.

  • The $SHLD token features a buy and burn program.

  • promo

    Gravity Dex Protocol: Bringing DeFi to Cosmos

The Trust Project is an international consortium of news organizations building standards of transparency.

Since the birth of bitcoin, the market for digital assets is constantly evolving. Several solutions have been created through blockchain.

Sponsored



Sponsored

As a result, the price of crypto assets has skyrocketed. Many individuals have become millionaires but many have also lost in this market. Nowadays, it is possible to see the sector of decentralized finance (DeFi) gaining popularity as the solution to real-world problems. .

However, just like the other side of crypto assets, DeFi faces gigantic drops due to bad news, hacks, exploits, rug pulls, sell-offs, and other black swan events. Thinking about investors in this area, Shield Finance came to help with these issues.

Sponsored



Sponsored

Getting to know Shield Finance

Shield Finance is a multi-chain DeFi insurance aggregator that allows users to buy protection against major market crashes due to black swan events.

In other words, it intends to provide stability for its community. To achieve this goal, Shield Finance works by interacting with several insurance providers. In this way, it can provide its users with reduced slippage and wide coverage.

The project is about to launch its IDO on the PAID network’s launchpad. When the public IDO is complete they will build their platform. To offer secure packages customized to the investor’s needs, Shield Finance uses a proprietary aggregation mechanism.

Think of Shield Finance like the Skyscanner for DeFi insurance. Users can see and select offers from multiple insurance providers on the same platform for a small fee.

Token Economics

The most important feature of the $SHLD token is the buy and burn program. This directs 50% of the fees towards purchasing the token on the open market and burning it, removing it from circulation forever

Governance

Token holders can change fee structure and other contract parameters.

$SHLD token will allow holders to vote on protocol parameter changes:

  • Fee percentage.
  • New insurance providers.
  • Additional rewards for holders.

Burning

50% of the fees are used to buy and burn $SHLD token permanent supply reduction.

Staking

30% stable APY for yield farmers.

The recent market drop has shown once again how volatile the crypto markets can be. Initiatives like Shield Finance aim to help people stay involved despite these extreme events.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Sponsored
Share Article

Terranova is a Blockchain Enthusiast since 2011, Crypto Investor since 2016. Startup Angel Investor since 2014, he brought his expertise with traditional investments to crypto. Since 2016 he has analyzed and invested in ICOs. Terranova invested in over 100 projects just in 2021 alone. Now he shares some of his research with the world at BeInCrypto and reveals his most exciting projects in our Premium group on Telegram.

Follow Author

Market signals, studies and analysis! Join our Telegram Today!

Go

Market signals, studies and analysis! Join our Telegram Today!

Go

Market signals, studies and analysis! Join our Telegram Today!

Go