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DeFi
SLD Price
Contracts/Explorers:
Ethereum
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ShieldEX is the first risk-free decentralized perpetual platform
ICO
8 Jun — 8 Jun 2021
Raised
$ 135.00K
Price:
$ 0.045
Tokens For Sale:
3,000,000
Platform:
N/A
ATH ROI:
111.08x +11,008%
The risk-free perpetual contract is Shield’s answer to the existing limitations within the decentralized derivative ecosystem. It uses a combination of a dual liquidity pool model, SLD (the native token of the platform), a decentralized brokerage system, and external liquidators to counteract the existing limitations.
For instance, the huge downside risk or even liquidation that is caused by the price delay of existing decentralized perpetual contracts is avoided using a funding-fee mechanism, allowing users to open a long or short position with a prepaid funding fee. The maximum loss is limited to this prepaid funding fee, essentially delivering a risk-free protocol in a trustless environment. We’ve talked about how the Risk-Free perpetual contract solves these problems in this post, so make sure to check it out.
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