Categories: Press Releases

Shield Finance completes a $780K round to create a Defi Insurance aggregator leading up to an IDO

Chiang Mai, Thailand, 11th May, 2021,

Shield Finance, a multi-chain DeFi insurance aggregator that will deploy across the Polkadot, Ethereum, Binance Smart Chain and Solana blockchains announced today the completion of their private fundraising rounds, having successfully reached the hard cap amount of $780 000. Private Investors.   

Shield Finance’s potential combined with it’s seasoned team attracted immense support from industry innovators including Master Ventures / PAID Network, DAO Maker, Zokyo, NGC Ventures, Spark Digital Capital, GD10.Ventures, Titan Ventures and others.

The decentralized finance movement has been growing exponentially over the past year growing from $700 million by December 2019 to $65 billion as of April 2021. DeFi gives users full control over their money and financial future but this freedom comes with some drawbacks. As thousands of retail investors enter the attractive DeFi marketplace there are a variety of risks they have to take into consideration including market crashes, price volatility, and security issues. Until only recently, the DeFi has lacked any insurance options to give users peace of mind when investing in these new financial products. This is about to change. 

Shield Finance is a DeFi insurance aggregator that aims to protect token investments from hacks, rug pulls, market crashes and other DeFi-related risks. It does this through a proprietary aggregation engine that provides custom insurance packages for investor needs. Shield Finance could be referred to as the Skyscanner for DeFi insurance; users can see and select offers from multiple insurance providers without leaving the token platform.

“Insurance plays an important role in DeFi as a way to de-risk your investments. With a number of insurance players in the market, a multi-chain insurance aggregator will naturally attract users as a go-to place to buy insurance. This fundraise will be instrumental in driving the growth and development of Shield Finance.” Denis Gorbachev, CEO of Shield Finance

Shield Finance aims to dominate the cryptocurrency insurance market by partnering with DeFi exchanges, wallets, and farms. Shield Finance’s goal in doing so is twofold:; to ensure DeFi insurance purchasing is easy and simple to purchase, and to offer the cheapest DeFi insurance packages on the market.

As the Shield Finance platform launches more exciting features will be released including a  web app and increased partnerships & integrations with insurance providers and DeFi platforms including exchanges, wallets and farms. 

Shield Finance expects development of the platform to be complete (timeframe?) after its public IDO launch on industry driving PAID Network’s crowdfunding platform, Ignition Launchpad. Operating as a decentralized swapping protocol, Ignition allows blockchain-based token projects to offer their private and public auctions to participants, leveraging both PAID Network and Polkadot technology. Capitalizing on PAID Network’s community strength and the popularity of the Ignition Launchpad platform the success of Shield Finance’s public IDO is all but certain. 

Shield Finance IDO is set to take place May 19th, 2021 on PAID Network’s Ignition Launchpad at 11:00 AM UTC Ignition – IDO Launchpad on PAID Network

About Shield Finance

Shield Finance  is a Multi-Chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to black swan events (hacks, exploits, rug pulls, sell-offs). Incubated by Master Ventures (MV Fuel), Shield utilizes a proprietary aggregation engine to provide custom insurance packages for investor needs. The $SHLD token enables governance and provides staking rewards at 30% stable APY – however, the most important feature of the $SHLD token is the “buy & burn” program. Every quarter, it redirects 50% of fees generated by users to buy the $SHLD token on the open market & burn it, which results in permanent reduction of supply.

Connect to Shield Finance:

Website: shieldfinance.io

Telegram: @ShieldFinanceHQ

Twitter: @ShieldFinance

Medium: @ShieldFinanceHQ 

Contacts
  • Denis Gorbachev
  • ceo@shieldfinance.io


Looking to advertise? We will gladly help spread the word about your project, company, or service. CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: contact@cryptomode.com

blockchainnews

Share
Published by
blockchainnews

Recent Posts

You Can Now Buy Bitcoin At Several Walmart Locations

Do not be alarmed if you suddenly see a Bitcoin ATM in a Walmart near…

9 hours ago

Stopping Ransomware Before it Starts

Paying a ransom to some random hacker is one thing and devastating enough, but when…

11 hours ago

5 Altcoins Offering Over 76% In Annual Staking Rewards – October 2021

Earning a passive income with cryptocurrency can be done in many ways. Some people prefer…

13 hours ago

Burn-X: A New HyperDeflationary Token Ready To Revolutionize The Crypto Industry With Its Unique Token Burn Rules

Burn-X is the latest in a long series of innovative HyperDeflationary tokens intended to excite…

14 hours ago

OpenPayd Have Productized a Fully-Compliant Banking and Payments Platform

OpenPayd have productized a fully-compliant banking and payments platform…and they are bringing that “embedded finance”…

15 hours ago

Transient Raises $1.2 Million in IDO Public Sale to Build the Amazon of Smart Contracts

Tortola, British Virgin Islands, 22nd October, 2021, Transient Network, a Smart Contract Global Marketplace, is…

16 hours ago