Plethori Sealed A Partnership With Shield Protocol
Plethori the first decentralized cross-chain investment platform for open trading and creation of trustless ETFs is now partners with Shield Finance a multi-chain DeFi insurance aggregator.
The partnership will provide Plethori’s users with the power to insure their investments against negative price movement. Shield Finance will deploy Market Crash Protection contracts to cover the $PLE token. Holders will be able to insure their tokens against loss, giving them the ability to sell their $PLE at a guaranteed price.
“We’re excited to work with Plethori, especially about the opportunity to deploy Market Crash Protection for their ETFs. This will benefit both the holders of $PLE and $SHLD because the ETF buyers will be able to protect their positions with Market Crash Protection, and the fees from protection purchases will go towards buying & burning of $SHLD.”~Denis Gorbachev, CEO of Shield Finance
Plethori will be including Shield’s token $SHLD in an insurance ETF, providing access and investment in the $SHLD token across Plethori’s platforms.
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
ABOUT Plethori
Plethori is a Cryptocurrency ETF Investment Platform that allows open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The platform offers decentralized cross-chain investment for exchange-traded funds built on the Ethereum and Polkadot blockchains.
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