X21 Digital & Shield Finance Partnership
The X21 Digital team is pleased to announce the addition of Shield Finance to our growing diversified investment portfolio. Shield Finance is a multi-chain DeFi insurance aggregator that provides a marketplace for consumers to compare and purchase insurance packages to obtain coverage for different risks associated with investing in cryptocurrencies.
Shield Finance’s mission is to guard users against hacks, contract exploits, rug pulls, and price crashes by helping them find the best insurance package for their specific requirements. Shield’s proprietary aggregation engine provides users with a marketplace that enables buyers to select the best insurance option that suits their specific demands.
The platform will provide search options that will enable the users to filter (E.g., No KYC) and price sort all coverage choices. By offering insurance alternatives from multiple providers on Shield, they aim to simplify and provide transparency to the acquisition process of insurance coverage today. In their endeavor to integrate with the ecosystem, Shield’s services will be available on Ethereum, Binance Smart Chain, Polkadot, and Solana.
How Shield Finance Works:
- Investor Opens Shield Finance App.
- Investor sets protection parameters: Select Assets & Amount
- Shield searches among available insurance providers & options liquidity pools.
- Shield displays “Packages” of protection tailored for investor needs.
- The investor chooses the coverage package.
- The investor buys a package via on-chain transaction.
Hold your $SHLD! — Token Usecase
$SHLD token enables governance and provides staking rewards at 30% stable APY. The most important feature of the $SHLD token is the “buy & burn” program establish by Shield Finance. Every quarter, Shield will redirect 50% of fees generated by users of the platform to buy the $SHLD tokens on the open market & burn them, which results in a permanent reduction of the token supply.
X21 Digital has been victorious in onboarding early start-ups. A commitment to innovative, groundbreaking solutions and blockchain technology provides us with unique opportunities in assisting clients with product development.
We are thrilled with our involvement with Shield finance as they execute their vision to bring DeFi insurance to the masses and help protect the community from hacks, exploits, rug pulls, and price crashes.
About Shield Finance
Shield Finance is a multi-chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to hacks, exploits, rug pulls, sell-offs, and other black swan events. They are currently integrating multiple insurance providers to provide users with reduced slippage and expansive coverage.
For any questions about Shield Finance, please contact the team directly:
Website: shieldfinance.io
Telegram: @ShieldFinanceHQ
Twitter: @ShieldFinance
Medium: @ShieldFinanceHQ
X21 Digital
Website: https://x21digital.com/
Twitter: https://twitter.com/X21_Digital
Medium: https://medium.com/x21-digital
