Topic: Shield Protocol - synthetic assets are the future (Read 137 times)

good project , i will buy some

Thank you for your support. We always believe that defi is an area full of imagination. Many applications were made possible and it is way more transparent than centralized projects.

As for synthetic assets, we think it would open the door to yet another new world. After all, crypto world is still new for most and synthetic assets may help make it easier to understand and for those new comers to master.

Thank you all for pointing that out. We'll definitely have to proof read everything. BTW, do you know that we have a bug bounty program where you could submit the errors/typos/mis-spelling you found on our website and get reward?
https://docs.shieldex.finance/security

Also, it is not our aim to shill the token. The fun is about you can do with the synthetic assets and you don't even need to get $SID (token on Shield Protocol) to explore.

Anyway, it is the investor's responsibility to study the project before buying the token. So no one is obliging to buy this token. But I agree that if the site has a lot of spelling errors, it is giving a not-so-good impression. A sincere project will check their site before publishing it to the public. As there are many BSC tokens that are turning to be crappy, people should evaluate the project if it is worth their time and resources.

+1, Also the website is buggy and slow. They need to get their act together or else no one will take their project seriously.

Although the app page looks nice and clean only the main website is buggy and slow.

Any new projects can look sketchy. There are people who still believe that Bitcoin is a scam.

You don't have to invest or connect your wallet to it. You can do it from PancakeSwap.

Not gonna lie, looks scammy AF.

Yes there seemingly is an dapp that does something, but honestly, not sure if I'm ready to connect my wallet to it.
Any team information?

EDIT: Website is full of inconsistencies and spelling errors

Website: www.shieldex.finance
Dapp:app.shieldex.finance

CoinGecko: https://www.coingecko.com/en/coins/shield-token
Live Coin Watch: https://www.livecoinwatch.com/price/ShieldToken-SID

Twitter: https://twitter.com/Shield_Finance
Medium: https://shield-protocol.medium.com/
Telegram channel: https://t.me/ShieldProtocolOfficial


Shield Protocol is a series of smart contracts that allow anyone to issue and trade tokenized assets. The price and state of the real-world assets are tracked and monitored by an oracle. A dynamic balance mechanism is implemented to enable minters and traders to obtain maximum benefits. In the meantime, the staking pools ensures the market price is stable and full of vitality.

A synthetic asset issued on Shield is called an sAsset. For instance, a synthetic version of real-world asset Google would be called sGoogle.The Shield protocol utilizes AMMs (automated market makers) to facilitate sAssets trading against stablecoins.

A critical function of the Shield protocol is the ingestion of asset price data external to the blockchain. This is necessary for determining the amount of collateral required for minting an sAsset, and for assessing whether or not sufficient collateral is locked for existing sAssets. The protocol achieves this via an oracle mechanism. Shield token holders submit votes on each asset, which the protocol aggregates to compute a median weighted by each holder’s Shield token stake. The Shield oracle submits prices at a high frequency to accommodate real-time pricing of exchange-traded assets.


Shield Protocol just launched on Binance Smart Chain on Jun 3. Later this year, v2 will come which will bring Shield onto Ethereum and possibly other smart chains as well.