Shield Finance + Relite Partnership

Shield Finance is excited to announce a partnership with Relite.

Shield Finance will deploy Market Crash Protection contracts for Relite. These contracts will allow the $RELI token holders to buy protection against a potential crash due to market-wide sell-off. $RELI token holders will have a right to sell $RELI at a guaranteed price (no matter what the market price will be). This will improve the stability of the Relite reserve fund by supporting the price of $RELI token.

Relite will provide lending pools for $SHLD. This will allow $SHLD investors to get cash for daily operations while holding the token. For $SHLD traders, it will provide an opportunity to build leveraged positions (borrow $ETH against $SHLD.

About Relite

Relite Finance is a cross-chain DeFi money market protocol that enables users to lend, borrow, and stake all crypto assets in one interface by utilizing Polkadot’s Moonbeam Parachain, bridges, and a unique reserve fund module. Relite plans on creating interoperability with Bitcoin, Ethereum, and other blockchains. In addition, Relite plans to implement collateralization of NFTs with better fees and usability than other protocols can offer.

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. They are currently integrating multiple insurance providers to provide our users with reduced slippage and expansive coverage.

▶️ FULL DETAILS:

https://shield-finance.medium.com/shield-finance-relite-partnership-700f82a19dc8