{"id":43809,"date":"2021-06-05T18:36:53","date_gmt":"2021-06-05T15:36:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43809"},"modified":"2025-08-31T14:02:53","modified_gmt":"2025-08-31T11:02:53","slug":"shield-project-secures-2-million-in-funding-to-develop-defi-futures","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/shield-project-secures-2-million-in-funding-to-develop-defi-futures\/","title":{"rendered":"Shield project secures $2 million in funding to develop DeFi futures"},"content":{"rendered":"<p>The DeFi protocol <a class=\\\"tracking_link\\\" href=\\\"https:\/\/shieldex.io\/#\/home\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Shield<\/a> has developed a smart contract for trading perpetual futures. Shield users can open a short position and profit from a decline in the asset&#8217;s price. The concept attracted AT&#038;T Capital and Hashkey Capital, who, along with other investors <a class=\\\"tracking_link\\\" href=\\\"https:\/\/shield-dao.medium.com\/shield-secures-2m-funding-with-a-t-capital-and-hashkey-capital-leading-the-round-c2229e44cb5e\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">invested<\/a> in Shield $2 million.<\/p>\n<p>Trading DeFi futures resembles both options trading and exchanging cryptocurrencies on a DEX. A user opens a position and makes a prepayment to Shield&#8217;s smart contract for maintaining it. The smart contract deducts a fee from the account for rolling the position over to the next day. If funds are insufficient, Shield&#8217;s liquidators close the position at market price.<\/p>\n<p>In a losing DeFi futures position, the Shield user can lose only the prepayment. At the same time, the maximum profit is not capped.<\/p>\n<p>For example, a user sold 1 ETH at a rate of 300 DAI\/ETH and deposited 100 DAI as prepayment:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>on the first day the price rose to 320 DAI\/ETH. The user paid 1 DAI to roll over the position;<\/li>\n<li>on the second day the price fell to 280 DAI\/ETH. The user closed the position, retrieved 99 DAI from the prepayment and 20 DAI of profit.<\/li>\n<\/ul>\n<p>To support the operation of DeFi futures, <a class=\\\"tracking_link\\\" href=\\\"https:\/\/shieldex.io\/#\/home\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Shield<\/a> has implemented a system of dual liquidity pools, a position-liquidation procedure, and an insurance fund. Details on the mechanism are in the <a class=\\\"tracking_link\\\" href=\\\"https:\/\/docsend.com\/view\/pd7y4yayibd4nrpu\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Shield White Paper<\/a>.<\/p>\n<p>On June 7, Shield <a class=\\\"tracking_link\\\" href=\\\"https:\/\/shield-dao.medium.com\/step-by-step-guide-how-to-participate-in-shield-sld-ito-fa5e9c931497\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">will conduct<\/a> an ITO on the Mask platform. The selling price of the native token SLD is $0.045.<\/p>\n<p>Earlier, analysts at Glassnode <a href=\"https:\/\/forklog.com\/en\/news\/glassnode-defi-sector-resists-panic-on-may-19\">reported<\/a> that the DeFi sector did not panic during the May 19 crypto-market drop.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DeFi protocol Shield developed a smart contract for trading perpetual futures. Shield users can open a short position and profit from a drop in the asset&#8217;s price. The concept attracted AT&#038;T Capital and Hashkey Capital, which, along with other investors, invested $2 million in Shield.<\/p>\n","protected":false},"author":1,"featured_media":43810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"2","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1093,52],"class_list":["post-43809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-defi","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"2","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=43809"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43809\/revisions"}],"predecessor-version":[{"id":43811,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43809\/revisions\/43811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/43810"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=43809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=43809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=43809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}