Shield Finance

Shield Finance

SHLD
$0.000658206

Key Metrics

Price$0.000658206
Real Volume (24H)$0
MarketcapN/A
Fully Diluted ValuationN/A
ATH$0.061148
ATH Date5/26/2021, 3:49:49 PM
ATL$0.00059169
ATL Date11/22/2022, 10:03:23 AM
Circulating Supply357M
Total Supply969M
WebsiteN/A
WhitepaperN/A
Popularity Rank6151
Chart
What is Shield Finance?

The world of finance is constantly evolving, and one of the most exciting developments in recent years has been the rise of asset tokenization. By transforming physical assets into digital tokens, it becomes possible to unlock liquidity and enable fractional ownership, making it easier for people to invest in and trade a wide range of assets. Shield Token is a cutting-edge platform that is designed to make asset tokenization and trading accessible to everyone, regardless of their level of expertise or experience.

At its core, Shield Token is a series of smart contracts that are built on top of a decentralized blockchain network. These smart contracts enable anyone to issue and trade tokenized assets, with the price and state of the real-world assets tracked and monitored by an oracle. This ensures that the prices of these assets remain transparent and fair, while also providing a high level of security and trust.

One of the key features of the Shield Token platform is the implementation of a dynamic balance mechanism. This mechanism is designed to enable minters and traders to obtain maximum benefits, by adjusting the minting and trading fees based on market demand. This means that when there is high demand for a particular asset, the fees will be increased, while during periods of low demand, the fees will be reduced. This ensures that the market remains stable and vibrant, while also providing users with a fair and efficient trading experience.

Another important feature of the Shield Token platform is the use of staking pools. These pools are designed to ensure that the market price of assets remains stable and full of vitality, by incentivizing users to hold their tokens and participate in the platform's governance. By staking their tokens, users can earn rewards while also contributing to the overall stability and growth of the platform.

On the Shield Token platform, a synthetic asset issued is called an sAsset. These sAssets are designed to provide users with greater flexibility and liquidity, by enabling them to trade fractional ownership of real-world assets. For example, a synthetic version of the real-world asset Google would be called sGoogle. This makes it easier for people to invest in and trade assets that were previously out of reach, while also providing them with greater control and flexibility over their investments.

To facilitate the trading of sAssets, the Shield Token platform utilizes AMMs (automated market makers). These AMMs are designed to provide users with an efficient and cost-effective way to trade their tokens, by automatically setting the price based on supply and demand. This means that users can trade their tokens without the need for an intermediary, while also benefiting from a high level of liquidity and market depth.

A critical function of the Shield Token platform 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 platform achieves this via an oracle mechanism, which gathers data from multiple sources and aggregates it to provide accurate and up-to-date pricing information.

Shield Token holders also play an important role in the oracle mechanism, by submitting votes on each asset. These votes are then aggregated by the protocol to compute a median weighted by each holder's Shield Token stake. This ensures that the oracle is highly responsive and reliable, even during periods of high volatility.

Overall, Shield Token is a powerful and innovative platform that is designed to make asset tokenization and trading accessible to everyone. By leveraging the power of blockchain technology, the platform provides users with a secure, transparent, and efficient way to trade a wide range of assets.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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