Shield Finance + Kylin Network Partnership
Shield Finance will deploy Market Crash Protection contracts for Kylin Network + Kylin Network will provide price feeds
Shield Finance ($SHLD) is excited to announce a partnership with Kylin Network (KYL) — a cross-chain platform powering the data economy. Kylin Network offers many applications and blockchains instantaneous but reliable and valid on/off-chain market data and social data sources.
- Shield Finance will deploy Market Crash Protection contracts for Kylin Network. These contracts will allow the KYL token holders to buy protection against a potential crash due to market-wide sell-off. KYL token holders will have a right to sell KYL at a guaranteed price (no matter what the market price will be). More information: Market Crash Protection.
- Kylin Network will provide price feeds for Shield Finance Market Crash Protection contracts.
Denis Gorbachev, CEO of Shield Finance, said: “We’re excited to be partnering with Kylin Network - their product has multiple real use cases, and we’re looking forward to integrating their price feeds into our contracts. We’ll also deploy our Market Crash Protection contracts for their token - there is good synergy between the companies.”
Dylan Dewdney, CEO of Kylin Network, said: “We are thrilled to be working with the great team at Shield Finance to provide further peace of mind and protection against the known volatility in the crypto space; in addition, we are obviously very grateful and pleased they will employ our price-feeding (oracle) solutions!”
About Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
Contact Kylin Network:
- Telegram: https://t.me/KylinOfficial
- Twitter: https://twitter.com/Kylin_Network
- Discord: https://discord.gg/PwYCssr
- Medium: https://kylinnetwork.medium.com/
- Linkedin: https://www.linkedin.com/company/kylinnetwork
- Official website: https://kylin.network/
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.