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Shield Finance: Latest happenings with the DeFi insurance aggregator

With so many projects launching in the crypto space, it’s difficult to keep track. That’s why, we at TotalKrypto, continue to shed light on important projects that deserve your attention. But what about following up on whether they’re able to meet their roadmap targets and more? Well, that’s what we intend to do in this article today. Not so long ago, we covered multi-chain DeFi insurance aggregator – Shield Finance – and now, let’s take a look at what the team behind it is up to.

Shield Finance – a quick recap

While we’d urge you to read the entire article to know more about Shield Finance, an easy way to understand it is that it aims to protect your money from malicious practices. The latest example is a hack at Poly Network, which resulted in hackers stealing $611 million (though they returned it later).

Beta launch of the app

Shield Finance has already released its app in the beta phase. While some of the buttons may not work as intended, it shows that the developers are sticking to their committed timelines.

Launch of Market Crash Protection

The team at Shield Finance recently rolled out a Market Crash Protection form where it wanted to understand what token insurances users are looking for. Unsurprisingly, most users want insurance for BTC and ETH.

Other updates

Shield Finance recently announced airdropping 90% of BULL tokens to Shield Finance (SHLD) owners. These airdrops are divided into five stages, with each stage lasting two days. However, it has postponed the airdrop till the time ETH fees settle down.

The project also announced a partnership with NFTrade, where SHLD owners will be able to earn additional value via collectable NFTs. These NFTs can be earned depending upon their staking schedule.

What’s next?

In the ongoing Q3, Shield Finance mentioned the Mainnet launch, security audit, and integrations with Binance Smart Chain insurance providers. There’s no reason to expect that the team won’t be able to stick to that schedule.

What’s even more interesting is to see that Shield Finance is aiming to offer more value to its token holders with things like airdrops, various partnerships, etc.

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