Shield Finance + Polygon Partnership
Shield Finance will deploy Market Crash Protection contracts for Polygon + Polygon will place a link to Market Crash Protection under decentralized options
Shield Finance ($SHLD) is developing Market Crash Protection. Subscribe to Telegram / Twitter to get notified about early access.
Shield Finance ($SHLD) is excited to announce a partnership with Polygon ($MATIC) — the foundation for the Internet of Value and People.
- Shield Finance will deploy Market Crash Protection contracts for Polygon. These contracts will allow the $MATIC token holders to buy protection against a potential crash due to market-wide sell-off. $MATIC token holders will have a right to sell $MATIC at a guaranteed price (no matter what the market price will be). More information: Market Crash Protection.
- Polygon will place a link to Market Crash Protection contracts for $MATIC in their website under the "decentralized options" category.
Denis Gorbachev, CEO of Shield Finance, said: "Polygon is a strong, versatile network and we are excited to join forces with them. Polygon has a strong reach and we look forward to working together to find new ways to grow and to provide protection options for Polygon users against market crashes and price dumps"
Arjun Kalsy, VP Growth of Polygon, said: “With defi primitives finding product market fit as seen by the number of transactions,TVL ,defi derivatives are bound to take centre stage with much more increased usage. Shield Finance is set to usher new types of derivatives. Polygon foundation is pleased to welcome the project to the thriving Defi ecosystem.”
About Polygon foundation
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, 350M+ txns, and ~13.5M+ distinct users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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.