Shield is building a one-of-a-kind decentralized protocol based on a fully non-cooperative game for future derivatives infrastructure, enabling global borderless access to finance. Shield hold a belief that decentralized derivatives protocol built based on blockchain technology and non-cooperative game, will become the infrastructure for the next generation of global derivatives trading markets.
We hosted an AMA session with Shield on 9th December at 1:00 PM UTC.
Mr. Ramsy was the host from Crypto Miners and Mr. Charles from Shield was our guest. He shared delightful knowledge and unique features of Shield.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With SHIELD
Thank you all for joining us today❣
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. Charles , Welcome to our community 🤝
Good to have you guys here.
Glad to see you here ,
Thanks for bringing Us SHIELD❣
I’m pretty sure that our AMA participants are very much excited to learn more about SHIELD, so let’s get started 🚀🚀
Yea. Let’s go 👌
Here is first question this segment
Q1-Can you explain to us what Shield is going to build
Shield is trying to be the Uniswap tailored for derivative products. It is a user-friendly protocol that enables smooth transactions ready for mass adoption. Shield aims to be a truly decentralised trading protocol specialised in derivative products.
You are able to trade the academically-innovative everlasting option products on the Shield platform and other derivative products including perpetual swaps and other structured products built upon Shield. Shield is aspired to be the next generation of infrastructure for decentralised derivative trading that everyone can use.
Thanks for the brief introduction about Shield 👍
Now let's see our next question this segment..
Q2-What core innovations do you think that will help Shield stand out from numerous derivative protocols?
Shield is the first derivative protocol that achieve high capital efficiency, low LP counterparty risk and no impermanent loss all at same time.
Shield introduces P2DP(Peer to Dual pools) which essentially solves the LP counterparty risk of on-chain derivatives by introducing two types of pools, private ones for professional market makers and public one for regular users, that ensures on-chain liquidity and minimal risks for regular users. Professional market makers can provide risk-free liquidity in the private pool through risk-hedging strategies or take orders first, while regular users can provide almost risk-free back-up liquidity in the public pool.
Besides, Shield designed a third-party liquidator system and a brokerage system based on non-cooperative game theory and introduced an innovative trading fees buy-back and burn mechanism, which resulted in a Nash equilibrium inside the protocol and ultimately delivered a perfect decentralised network.
Q3) How has the experience and background of your team been effective in the success of your project so far?
We have solved a large number of on-chain product design problems, such as on-chain random algorithms, on-chain pricing of derivatives.
Including how to elegantly solve the problem of on-chain liquidity, which is our innovative P2DP (Peer to dual pools) liquidity mechanism which will revolutionize the decentralized derivatives market like AMM revolutionized DEX
All of this is because our team worked in top technology companies and universities around the world.
Now moving on...
Q4-What is a simple way for me to get involved with Shield as a community member and what are the benefits of participation?
In order for new users to fully understand and engage in the Shield Protocol, we just launched a full-stack Shielder exclusive campaign carnival called Shield Union to flourish the Shield ecosystem on a worldwide scale.
Every new user joining Shield Union can learn-to-earn by watching a short clip explaining Shield protocol and get rewarded a welcome bonus worth of 50 $SLD. After that, there will be professional trading strategy tutorials brought by volunteers around the world, increasing users' chance of successful trade. Any positive PnL trade conducted has the opportunity to be the winner of a 1,000,000SLD lottery. More interesting build-to-earn events are yet to be launched.
Join here at https://app.shieldex.io/union.html
Q5-What are the next key milestones for Shield that we are excited about?
Here is our last question from this segment
Having Shield 1.0 mainnet alive, our upcoming milestones would be:
1. Ensure perpetual options running smoothly while increasing the trade volume
2. Initiate liquidity mining project on PancakeSwap
3. Complete the CEX listing of $SLD
4. Shield 2.0 with perpetual swap and expand to Layer 2
5. Shield 3.0 to support more developers to build on Shied protocol and develop exciting derivative products
We hope all Shield builders that participate in the early development of the ecosystem can share the bonus from the growth of Shield. And this is the best timing.
Thanks for that well detailed introduction about SHIELD 🤝
That's the wrap up of our the first part of the AMA session ✅
Let’s now proceed to the Twitter Questions ,
I hope your ready for that!
Segment 2️⃣: Twitter Questions
1)Shield was one of the earliest efforts to develop decentralised derivatives, as I've observed. Decentralized derivative projects are becoming more common. How does the Shield make sure they're noticed? What are the benefits of using the Shield?
Shield is the first product which provide these trading features
A High-yield Trading Tool in High-volatility Markets
so that Shield can attracte market notice
2)In term of taking profits out from my position, Is it possible to withdraw some of the profits/funding fees from my current position/s without really closing the entire position/s? If so, do I also have to retain available funding fees to keep my position open?
In term of taking profits out from my position, Is it possible to withdraw some of the profits/funding fees from my current position/s without really closing the entire position/s? → No it isn’t
If so, do I also have to retain available funding fees to keep my position open? → Yes it is
We will alert the balance on here
3)How do you minimize the risk of "loss of impermanence" as users provide liquidity in your DAO Protecting Public pool? Can you tell us about the team's achievements so far?
Because the private pool will take orders first, only a small amount of position risk will be transferred to the public pool.
As this graph shows
4)Can you tell us what this innovations of Shield called Shield P2DP(Peer to dual pools)? How this solves the liquidity problem? And can you also explain the Shield perpetual option?
Can you tell us about the team's achievements so far?
→After 2 months of operation, the shield system is running robustly and smoothly.
Shield P2DP (Peer to Dual pools) essentially solves the liquidity problem, making shield the first derivatives protocol with high capital utilization, low counterparty risk, and low impermanent losses.We are the best crypto-native solution so far.
The P2DP (Peer to Dual pools) essentially solves the LP counterparty risk for on-chain derivatives by introducing the private pool that can hedge risks. Therefore, professional market makers can provide liquidity in the private pool without risk while ordinary users can provide liquidity in the public pool almost without risk, thus completely solving the problem of lack of liquidity for on-chain perpetual contract products.
Because an address can generate a private pool, each private pool can clearly know the order information of the orders taken, so it can go to external hedging risk.
Also Shield’s private pool market maker has 5X leverage, so the cap efficiency is higher than traditional AMM.
Now let's here our last question from Twitter...
5)As I know, strong backing and partnerships in the crypto market might bring huge benefits to new projects. During this point, can you tell us about the investors and partners of your project ? What benefits to the "shield' do you expect from them?
And can you also explain the Shield perpetual option?
→ Our first academic-level innovative product based on Shield derivatives protocol that pioneering the first long-term on-chain options without the effort, risk, or expense of rolling positions.
Here is our investors
Sounds Good 👌
also we have Mask Network / Bybit /GSR / Jumptrading/ Matrixport as strategic partners
Thanks for Your Valuable Answers❣
And that's the end of our twitter question segment
Now Moving on to our last segment - Live Q&A ,
Shall we go?
Here we go,
Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Mr. Charles choose some best to answer)
1)Is your platform suitable for crypto beginners? Or does it only limited for professional users ?
We are very welcoming to newcomers, for which we also have a detailed educational video and marketing campaign for newcomers, check https://app.shieldex.io/union.html
2) I can see that the Shield project collaborated with Coin98 Wallet and the recent OKEX venture with a newcomer campaign with a prize pool of 10,000 $SLD. So, what is behind this collaboration? What is the integration between the #Shield and C98 wallets like?
Shield is the world’s first high-leverage, no-risk of being force liquidation perpetual options that provides users with a high-yield trading tool in a high volatility market. We believe that the Vietnamese market, in which everyone wants to win big pay less and with low risk, urgently needs a better trading product than traditional perpetual contracts. Coin98 is the most suitable strategic partner to achieve this mission. We will provide Vietnamese users with a great trading experience in the coin98 wallet with a dapp that works as well as uniswap.
3) Do you have tutorial videos so we can get to know your Project more clearly or do you have a YouTube channel or something? Can you Share it With us??
4) I want to buy your token. is it listed on pancakeswap, Binance, Kucoin, MEXC OR Any Exchanges? Where can I buy your tokens now? Can you tell us please?
pancakeswap for now
5) Shield can be joined or registered without the need for registration, KYC, or an email address. Q. How safe are users on this Platform if they register without first registering? How do I put money into Shield as a user?
Decentralized protocol No KYC required. Easy access for global users.
6) Staking programme is very important for any project, I wanna know Can i stake your token? Do you have any plan of starting staking programme?
Shield’s Staking program is about to launch this month, stay tune！
*This segment ends here*
Thankyou so much For your valuable answers and information about SHIELD,
It Was Pleasure Hosting An Ama With You.
Is there anything else you would like to share or you want us to know ?
My pleasure too.
Shield Union Season 2 is live, up to 1,000,000SLD rewards. To earn
To build Shield together. Join here: https://app.shieldex.io/union.html
Thanks Ramsy. You are so nice.
Once Again Thank you so much for spending time with our community
Community, if you would like to learn more about SHIELD, here are some useful links for you:
Twitter : https://twitter.com/shield_dao