Shield Finance + YellowRoad Partnership
Shield Finance will deploy Market Crash Protection contracts for YellowRoad + YellowRoad will place a link to Market Crash Protection contracts on their website
- Shield Finance will deploy Market Crash Protection contracts for YellowRoad. These contracts will allow the $ROAD token holders to buy protection against a potential crash due to market-wide sell-off. $ROAD token holders will have a right to sell $ROAD at a guaranteed price (no matter what the market price will be). More information: Market Crash Protection.
- YellowRoad will place a link to Market Crash Protection contracts for $ROAD on their website.
Denis Gorbachev, CEO of Shield Finance, said: "We see a lot of opportunities for insurance in DeFi and crypto space generally. Of course, YellowRoad users would love to see their funds insured and protected against market crashes and dumps, and we will help provide the best policy and market crash protection options available.”
Mr. O, Yellow Road CEO, said: “The partnership with Shield Finance is exciting, the timing is just perfect and the product has a massive advantage over other platforms. Our great community will be able to hedge their position during the downtrend we are having. Yellow Road’s main purpose is to keep our community first and via this partnership we give them a unique financial tool to protect their funds”
YellowRoad is a bright, unique, and engaging IDO platform to empower the most innovative crypto projects by leveraging the power of the community. YellowRoad’s vision is to empower projects, people, ideas, and ethics.
It aims to achieve this by creating a platform dedicated to BSC project IDOs so they get backed by a community that trusts in them. The platform offers a range of funding solutions from smart auctions to community building and engagement programs for new projects.
About Shield Finance
Shield Finance is a multi-chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to hacks, exploits, rug pulls, sell-offs, and other black swan events. We are currently integrating multiple insurance providers to provide our users with reduced slippage and expansive coverage.