Shield Ecosystem Update - August 2021
Shield is hitting a milestone in August with the introduction of these amazing features.
- Shield Global Ambassador Program
A golden opportunity to become a Shield Ambassador.
- Shield Genesis Competition
Genesis Competition had over 3K unique wallet addresses, and $100,000 SLD is up for grabs.
- Introducing the New Shield
Introduced a new decentralized derivatives protocol to gain useful insights into the world of DeFi.
- Nuclear Airdrop
4,085,754 Shield tokens (SLD) were up for grabs.
Shield Global Ambassador Program
We are now openly recruiting passionate and talented individuals to join us in our journey! Are you an active trader, a content writer, or perhaps a graphic designer with a big passion for Shield and our $SLD? If you want to take a piece of the pie, then you can apply to become one of our Shield Ambassadors.
Here is a list of the benefits of becoming a Shield ambassador:
- After a 45-day trial period, base pay begins with a monthly payment of $300 in SLD.
- Shield’s latest news and updates will be available to you before anyone else.
- Opportunity to work with Shield and make valuable connections with an exceptional group of specialists
- Ambassadors who can commit to Shield for a year will receive a bonus and more.
Shield Genesis Competition
We are introducing the Perpetual Options, an innovative #derivatives instrument that pioneers the first long-term, on-chain options without rolling positions’ effort, risk, or expense. It’s an extremely innovative financial instrument that operates in a decentralized environment, and we’re inviting all traders to give it a shot, with a whopping 100,000 SLD up for grabs!
Shield perpetual options have a one-of-a-kind and enormous value that is generated by resolving options traders’ concerns and closing rolling positions. It can be used as a unique and optimal trading instrument in a variety of market conditions.
Introducing the New Shield
We are introducing our new decentralized derivatives protocol, which includes a new homepage, upgraded features, and intriguing behind-the-scenes content to help you gain useful insights into the world of DeFi.
Shield-Derivatives DEX Disruptor
This upgrade is all about highlighting what makes us a unique fit for the market and telling that story as effectively as possible. We are developing a decentralized derivatives trading protocol that is secure, stable, and open. It is based on a completely non-cooperative game network. The decentralized network of Shield is maintained by four roles: brokers, private pool LP, public pool LP, and liquidators. These also include value scheduling, which is done via the SLD governance token. Each role has clear interest incentives and sufficient competition mechanisms, and each person implements the network needs for their own interests.
We have improved the following things:
- We now have a user-friendly interface with a chic UI and UX, as well as the function of automatically reading wallet balances in both public and private pools.
- We improved system performance, transaction speed, and transaction pending time to improve the overall trading experience.
- We improved traders’ capital efficiency and added a transaction amount limit and guide to help traders avoid wasting gas fees due to transaction failures.
- The liquidator rules are now more transparent in order to attract capable liquidators to engage in the Shield protocol.
- Some known bugs have been fixed.
Introducing Shield’s 1st product: Perpetual Options
We are delighted to present the first perpetual option, an innovative derivatives instrument that pioneers the first long-term on-chain option without rolling positions’ effort, risk, or expense. The perpetual option is derived from the traditional finance industry, and we have been working on a fully decentralized product since the Q4 of 2020. Shield perpetual options include the following incredible features:
For options traders:
- Options traders can exercise their options at any time, as there is no expiration date.
- Long-term exposure without the need to roll positions, reduced operational work, and risk
- Liquidity concentration to avoid liquidity fragmentation due to different expiration dates and prices
For perpetual investors:
- The daily funding fee is the maximum trading loss.
- Leverage on-chain ranging from 25x to 500x
The unique characteristics of perpetual options as financial instruments allow them to enter a previously untapped market. We believe that the only way to break the ice is to use blockchain technology to meet needs that traditional finance cannot.
Shield Nuclear Airdrop
Shield rewarded model community members for past actions taken across Shield’s variety of marketing campaigns to show our appreciation for the community’s unwavering support. According to the airdrop rules and the number of addresses collected, a total of 4,085,754 Shield tokens (SLD) were distributed to users who met the requirements. This was divided into two rounds at random on the Binance Smart Chain. The amount of $SLD claimed by each user was proportional to the frequency with which they performed actions. The more actions you took on Shield, the more rewards you received from this campaign!
We have more exciting news coming in September, including the Shield Mainnet Beta and many more. Stay tuned!