Recap of the Shield Finance AMA with Blockchain Space

  • Manage the team
  • Design the technical architecture
  • Write the code (critical parts)
  • You open the Shield app
  • You select the token that you have
  • You input the amount of tokens that you have
  • You tap “Search”
  • We show you the insurance packages from various providers (Nexus Mutual, Cover Protocol, Tidal Finance and others)
  • You select the package
  • We generate the transaction
  • You buy the package
  • Integrations with exchanges: buy insurance directly within the exchange interface.
  • Integrations with providers: choose the best insurance provider for your use case.
  • Buy insurance that matches your use case (for example: no KYC).
  • Buy insurance at lower price (by choosing among multiple insurance providers)
  • Buy insurance within the exchange interface (“Buy insurance for this token” button).
  1. Buy & burn program: Shield Finance uses 50% of the fees to buy $SHLD token & burn it, permanently reducing the supply. We will buy at any price.
  2. Governance: Shield Finance allows $SHLD token holders to set the fee percentage (how much the users pay when buying insurance).
  3. Staking: Shield Finance provides $SHLD token holders with 30% stable staking APY.
  • Seed: Locked for 1 month, then 5% on first release, then equal parts of 12% over 9 months
  • Private: 10% at listing, then equal parts of 15% over 6 months
  • Public: 100% at listing
  • Advisors: Locked for 1 month, 4% on first release, then equal parts of 4% over total of 24 months
  • Team: Locked for 12 months, 8% on first release, then equal parts of 8% over total of 12 months
  • Rewards: Disbursed to stakers at 30% APY
  • Development: Locked for 6 months, 3% on first release, then equal parts of 3% over total of 36 months
  • Marketing: Locked for 3 months, 2% on first release, then equal parts of 2% over total of 48 months
  • Liquidity provisioning: 100% at listing
  • Liquidity mining: 100% at listing
  • General Reserve: Locked for 6 months, 2% on first release, then equal parts of 2% over total of 60 months
  • Feedback from developers
  • Feedback from users
  • Hire first employees
  • Close funding rounds
  • Testnet launch
  • Tutorials for users
  • TGE & Public Sale
  • Integrations with Nexus Mutual & Cover Protocol
  • Mainnet launch
  • Security audit
  • Integrations with Binance Smart Chain insurance providers
  • Integrations with Polkadot insurance providers
  • Partnerships with DEXes
  • UI improvement
  • When a user clicks the button, we will display insurance packages.
  • When the user chooses a package, we will execute his purchase.
  • Alice comes to Uniswap, wants to buy a token — but she’s afraid of hacks.
  • She clicks “Buy insurance” within the Uniswap interface.
  • Her purchase goes through Shield Finance.
  • Shield Finance takes a small fee.

--

--

--

Blockchain space gives room for discourse which regards crypto-related topics, projects and cryptocurrencies. https://linktr.ee/blockchain_space

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

6 life-as-we-know-it things that likely won’t be around in 25 years

DareNFT Weekly Report (October 11th — October 17th): Finished the IDO in a flash, #DarePlay ahead

Make Your Stablecoins Moon with Finblox | 15% p.a.

CeFi vs DeFi — What’s at Stake?

DEXes Rising: Next Chapter, High Performance Orderbook Exchanges on Ethereum

Comdex and its Mainnet Launch Mainnet launch is the most important process to observe when…

5 FinTech IPOs of 2021 You Don’t Want to Miss

zCircuit PitStop #5 - The Game Token

Gravity Falls, Dipper says — “This is worthless”

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Blockchainspace

Blockchainspace

Blockchain space gives room for discourse which regards crypto-related topics, projects and cryptocurrencies. https://linktr.ee/blockchain_space

More from Medium

Recap of the 5table Finance AMA with Blockchain Space

AMA recap: SpookyVe

Harvest Finance x Orbit Chain Partnership

Oasis Protocol x Satoshi Club AMA Recap from the 30th of March