Hillrise Research
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Hillrise Research

AMA Highlights: Shield Finance

By Daniel Dal Bello, Director.
April 30, 2021–5 min read.

  • You select the token that you have.
  • Input the number of tokens that you have.
  • 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.
  • When the user chooses a package, we will execute his purchase.
  • She clicks “Buy insurance” within the Uniswap interface.
  • Her purchase goes through Shield Finance.
  • Shield Finance takes a small fee.
  • Alice finds the ABC token market.
  • ABC is a cross-chain token available on Ethereum and Binance Smart Chain.
  • ABC has coverage from Nexus Mutual on Ethereum.
  • Alice clicks “Buy insurance for ABC”.
  • Shield routes her purchase to Nexus Mutual on Ethereum.
  • Alice buys insurance for ABC token on Ethereum while trading ABC on Binance Smart Chain.
  • Since ABC is a cross-chain token, the insurance purchased on Ethereum can be claimed even if Alice owns ABC on Binance Smart Chain.



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Hillrise Group

Hillrise Group is a blockchain-native venture capital and consulting firm supporting emerging Web3 startups.