ChainX Exchange
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ChainX Exchange

ShieldDAO(SHD) IEO on ChainX

About ShieldDAO (Website :

ShieldDAO is a decentralized community of Blockchain products users, who votes, take decisions, delegate, index and curate Blockchain assets.
ShieldDAO community is born after old COVER Protocol hack, with the idea to better protect community members thanks to specific governance & delegation.

Shield vault (Liquidity Reserve)

All accepted assets can be leveraged to farm Shield in the ShieldDAO Protocol through smart contracts called Shield Vaults. Users can access the ShieldDAO Protocol through a number of different user interfaces (i.e., network access portals), and interfaces built by the Shield DAO community. Shield proceeds from the Asset Auction go into the Shield Bond, which serves as a buffer to overall supply that could result from future Asset Auctions and the accrual of the Shield Savings Rate.

If Shield proceeds from auctions and Stability Fee payments exceed the Shield Bond limit (a number set by ShieldDAO Governance), they are sold through a Surplus Auction. During a Surplus Auction, bidders compete by bidding increasing amounts of Shield to receive a fixed amount of Shield Bond. Once the Surplus Auction has ended, the ShieldDAO Protocol stores the Shield Bond in the Shield Vault.

Liquidity Providers

Staking/Farming to Provide Liquidity. Shield holders can become liquidity providers by staking their Shield and other approved asset together in the Shield Pool. Shield’s Liquidity Reserve is a multi-collateral-based fund that ensures the safety of the whole protocol since collaterals will not depreciate due to the drop of a single token. Shield’s liquidity providers can receive staking rewards and a portion of transaction fees; however, there are still potential losses involved. At the launch of Shield, Shield offers generous staking rewards to incentivize Shield Holders to become liquidity providers as well as to encourage early adopters to join and improve the system. Staking Rewards have a specified duration and rewards will decrease over time. The goal is to compensate Staking Rewards with transaction fees.

Shield (SHD) Holders

Holders shall obtain staking rewards and a portion of transaction fees at the end of each farming period. Stakers shall partake in transaction fee sharing and staking rewards via Smart Contract API or Strike UI. The amount of transaction fee sharing shall be issued proportionally to all Stakers according to their share of FundTokens in Liquidity Reserve. Staking Rewards shall be issued proportionally to all Stakers according to the total share of FundTokens in Liquidity Reserve. Staking Rewards cannot be claimed more than 3 months after being issued.

Shield Savings & Lending Rate

Shield Savings & Lending Rate (SSLR) allows any Shield holder to earn automatically and natively by locking their asset into the SSLR contract in the Shield Protocol. The SSLR can be accessed via the Save portal or through gateways into the Shield Protocol. The SSLR is a global system parameter that determines the amount Shield holders earn on their asset over time. When the market price of Shield deviates from the Target Price due to changing market dynamics, Shield holders can mitigate the price instability by voting to modify the SSLR accordingly.

Initially, adjustment of the SSLR will depend on a quarterly process, whereby Shield holders first evaluate and discuss public market data and proprietary data provided by market participants, and then vote on whether an adjustment is necessary or not. The long-term plan includes implementation of the SSLR Adjustment Module, an Instant Access Module that directly controls both the SSLR and the Base Rate. This module allows for easy adjustment of the SSLR (within strict size and frequency boundaries set by Shield holders). The motivation behind this plan is to enable nimble responses to rapidly changing market conditions, and to avoid overuse of the standard governance process of Executive Voting and Governance Polling.


Loss Mitigation

ShieldDAO uses a combination of strategies to mitigate loss. These include, among others, four key strategies:

a. Risk avoidance by providing products and services of superior quality.

b. Risk acceptance through setllement designed to compensate claimants for their losses.

c. Risk reduction through risk/liability transfer.

d. Subrogation by leveraging legal resources to ensure ShieldDAO’s solvency and its ability to meet claims obligations.


a. The ShieldDAO Сommunity can stake digital assets to receive rewards.

b. The ShieldDAO Protocol Liquidity mining program allows stakers to actively earn a return on their stakes.


The vision of ShieldDAO is to create an operating system for trustless transactions by eliminating counterparty risk via disintermediating and decentralizing with machine consensus at the protocol and the smart contract levels.

Product Development

ShieldDAO’s blockchain product development is driven by community use case, proof of concept built and launched with data mapping, financial modeling, staging and commercialization strategies and governance implementation.

Data Curation

ShieldDAO’s data curation, using The Graph Protocol, helps manage data to make it more useful for users engaging in data discovery and analysis. Data curators collect data from diverse sources, integrating them into repositories that are many times more valuable than their independent parts.

ShieldDAO Infographic

ShieldDAO is a decentralized community of Blockchain products users, who votes, take decisions, delegate, index and curate Blockchain assets.

You can participate IEO and check more details from this website (



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