Why We Invested In Shield Finance
Master Ventures is proud to announce our investment in Shield Finance — a multi-chain DeFi insurance aggregator that will be deployed across the Polkadot, Ethereum, Binance Smart Chain and Solana blockchains.
Master Ventures is a Venture Studio that believes in radically transforming the way our species live operating through blockchain and other disruptive technologies. We invest in projects we believe in and use our expertise and know-how to develop them further, make them grow, and prepare them for potential mass adoption.
Shield Finance is the Skyscanner for insurance
Shield Finance is a project that we are particularly fond of as its primary aim is to provide much needed safety and protection for investors in the DEFi space. Trading and investing in new crypto projects can no doubt be very profitable where today there are over 4000 to choose from. However, it is common knowledge that there is huge risk involved in making these kinds of investments if a team or project lacks a solid reputation. There have been a number of instances in the past where crypto projects emerged and gathered investment but were jeopardized because of incidents such as scams, hacks, SEC investigations and “rug pulls”. Such exploits can result in investors losing their funds or to a huge market crash where their investments devalue beyond repair.
Shield caught our eye because it is all about protecting investor interests within the global crypto community. It does this through the Shield proprietary aggregation engine that connects traders with custom crypto-insurance packages that protect their investments from hacks, rug pulls, market crashes and other DeFi-related risks. Users of the App can pay a small premium and buy insurance packages for custom coverage, receiving compensation from the relevant insurance providers should an adverse event occur.
How it Works
Buying DeFi insurance via Shield Finance is designed to be as easy as possible and works in the following way.
- An investor opens the Shield Finance app.
- The investor sets protection parameters like assets to protect and coverage amount.
- Shield searches among available insurance providers and options liquidity pools.
- Shield displays packages of insurance tailored to investor needs.
- The investor then selects and pays for the package they prefer.
The $SHLD also can be held by community members if they want to participate in governance of the Shield project. Moreover, if a user chooses to stake their tokens they can claim 30% stable APY rewards. 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 permanent reduction of supply.
Why We Invested?
At Master Ventures we are all about providing value to the crypto space and are constantly searching for ways to achieve this. Shield is a project that tries to reach the development of a tool that will improve the crypto industry as a safety net. That will enable it to gain future investment capital and attract new investors with confidence.
What Shield is trying to achieve is groundbreaking for the cryptocurrency industry. It is a vital function that will not only connect investors with the insurance package that suits their needs but will ensure safety and provide protection for investors and traders within the global crypto community. We believe that its journey will be successful and we are working closely with Shield as part of our FUEL incubation program where we liaise with the team to discuss ideas, provide valuable network building opportunities alongside other consultancy services.
The Shield IDO will launch soon on Ignition
We are also very excited about Shield’s upcoming IDO launch on the Ignition platform as it will give PAID token holders the opportunity to get in early, and be a part of a future monopolizing player of the cryptocurrency insurance market.
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.
For any questions about Shield Finance, please reach out to us on:
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 and solutions. 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.
For any questions, please feel free to reach out to us on: