The Master Ventures FUEL team consistently seeks out and incubates high potential projects with real use-cases and helps take them to market!
Today, we’re thrilled to announce that we’ve added another project to our incubator. And are even more excited to announce that they’ll be launching on the Ignition platform.
Meet Shield Finance, a multi-chain DeFi insurance aggregator deployed across multiple blockchains including Polkadot, Ethereum, Binance Smart Chain and Solana.
Shield Finance 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 SHIELD token enables governance and provides staking rewards at 30% stable APY for token holders — however, the most important feature of the SHIELD token is the “buy & burn” program. Every quarter, it redirects 50% of fees generated by users to buy the SHIELD token on the open market & burn it, which results in the permanent reduction of supply.
Initial Market Cap: $0.62m
Initial Fully Diluted Market Cap: $10m
Shield Finance solves the problems outlined below.
Black Swan Events in a Fast Paced Ecosystem
The Decentralized Finance space moves fast, as evident by the fact that the total value locked (TVL) in DeFi protocols grew from $700 million to $15 billion, a remarkable 2,100% increase in 2020. But while the DeFi sector is booming, it has also been plagued by hacks, exploits, and rug pulls. In fact, over $174 million was lost in DeFi in 2020 alone.
Put simply, the attractive returns DeFi offers opens up a world of opportunity for users, but the issues plaguing the industry cannot be overlooked.
Enter Shield Finance — Protecting Your Assets in the World Of DeFi
At Master Ventures, our mission is simple: to provide value to everyone in the crypto space by mitigating risk for traders and investors. Shield Finance, a DeFi insurance aggregator, is a project that stood out to us because of its commitment to protecting investors’ assets.
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). It does this by utilizing a proprietary aggregation engine to provide custom insurance packages for investor needs.
Incubated by Master Ventures, Shield Finance’s idea is straightforward. If traders and investors wish to invest in a project that looks great, but seems risky, they can insure their investments against a variety of risks through Shield Finance. If an unforeseen negative event occurs and funds are lost, investors receive compensation.
All in all, Shield Finance provides an insurance policy for your crypto investments on DeFi protocols, increasing transparency and trust in the crypto industry as a whole.
Shield Finance Token Utility
The most interesting part of Shield Finance is its tokenomics, the SHIELD token enables governance and provides staking rewards at 30% stable APY. However, the most important feature of the SHIELD token is the “buy & burn” program. Every quarter, it redirects 50% of fees generated by users to buy the SHIELD token on the open market & burn it, which results in a permanent reduction of supply.
Shield Finance will be available on Ignition soon!
We are excited to see the Shield Finance IDO be listed on PAID’s Ignition platform soon, giving PAID token holders the opportunity to get in on this very exciting and groundbreaking project backed by Master Ventures.
About Shield Finance
Shield Finance is a multi-chain DeFi insurance aggregator that aims to protect traders and investors in the global cryptocurrency industry against hacks, sell-offs and scams that can inflict huge losses across investor portfolios. It achieves this through the Shield Finance platform that allows individuals to buy protection against investments.
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly.
PAID streamlines backend legal operations with SMART Agreements, so that projects can focus on making their brand bigger and better.
IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol that allows blockchain-based token projects to offer their private and public auctions. Leveraging both PAID Network and Polkadot technology, Ignition is different from other auction platforms in that it properly vets and selects only top-tier, cutting-edge projects. Its strategically crafted incentivization mechanism for participants of published projects will encourage HODLing and support both the project founders and the community. It isn’t just a trading platform; it FUELs projects and takes fundraising to the next level.
Ignition brings quality projects, fixed swaps, and equitable lottery participation to everyone.
FUEL Incubation is a joint venture between Master Ventures and PAID. It is an incubation program that brings together Master Ventures’ combined 30+ years of blockchain and cryptocurrency experience and network of investors and advisors with PAID’s strategic marketing resources and its IDO sales platform, Ignition.
FUEL will supercharge Ignition projects by opening market access, building a project community, raising funds, and building an investor and influencer network, as well as assisting in the construction of token economic models. From the same team that grew Elrond and Ultra, every new project incubated by FUEL will have the resources it needs to perform exceptionally.
FUEL lays the groundwork for a project’s successful moon mission.
About Master Ventures
Master Ventures is a blockchain-focused venture studio helping to build the next generation of blockchain-based Web 3.0 system innovations within the crypto industry. Launched in 2018 by Founder and CEO Kyle Chassé, the company’s ethos can best be summarized in the acronym #BeBOLD: Benevolent, Open, Love, Decentralized.
Master Ventures co-creates with entrepreneurs and businesses worldwide to turn the best ideas into innovative and disruptive products. They do this by investing as strategic partners through offering advisory services to the projects they believe in. To date, Master Ventures has invested in over 40 crypto projects, including the likes of Kraken, Coinbase, Bitfinex, Reef, DAO Maker, Mantra DAO, Thorchain, and Elrond.
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