What is Shell Protocol? Shell Protocol is gradually upgrading itself to become an All in One DeFi platform on the Arbitrum ecosystem. So, if there is anything interesting about Shell Protocol, let’s find out with us through the article below.
To better understand Shell Protocol, people can refer to some of the articles below:
- What is Uniswap (UNI)? Uniswap Cryptocurrency Overview
- What is Trader Joe’s (JOE)? Trader Joe’s Cryptocurrency Overview
- What is Orca (ORCA)? Orca Cryptocurrency Overview
Overview of Shel Protocol
What is Shell Protocol?
Shell Protocol is an All in One DeFi platform as the project calls it, “smarter home for DeFi” where Shell’s ecosystem is extremely diverse including AMM, Lending & Borrowing, Algorithmic Stablecoin or NFT Marketplace.
Since October 2020, Shell Protocol was born with the orientation of being an AMM dedicated to stablecoins (Shell Protocol V1). However, it does not stop there, Shell Protocol continues to upgrade and release the next version, Shell Protocol V2. Shell Protocol V2’s new products include 2 products: Proteus and Ocean.
Proteus
Proteus is a new type of AMM platform and Proteus was created not to become an AMM with the highest capital efficiency, but Proteus’s goal is to be an AMM that developers can customize to suit their needs. any trading strategy. It could be a stableswap or it could be a regular AMM or an upgraded version of Uniswap V3.
However, the difference here is that all the above customizations do not require developers to code sodility resulting in simplicity and convenience for developers. AMM is an open source project that other projects can integrate the Shell Protocol or fork the Shell Protocol model to operate.
Ocean
Shell Protocol raises the problem that: “Current tokens are located on different smart contracts, so in many use cases, it takes time and costs money to transaction because it has to go through many “bridging” times. Ocean was born to solve this problem thoroughly.”
Ocean was created to build a single type of smart contract so that all tokens can operate on it easily.
For example: Users use Ocean to mint assets such as USDC, ETH, DAI, USDT into shUSDC, shETH, shDAI, shUSDT (Ocean supports all types of tokens with ERC – 20, ERC – 721 and ERC – 1155). These tokens can work on all DeFi pieces built on Shell Protocol and integrated DeFi applications.
Development Roadmap
- October 2020: Launch of Shell Protocol V1.
- September 2022: Launch of Shell Protocol V2 development roadmap.
- October 2022: Launching products on Arbitrum’s network.
- November 2022: Launch of Proteus AMM
Investor
- September 10, 2020: Shell Protocol calls for success with unclear information with the participation of The LAO, Divergence Ventures, IDEO Colab Ventures and Infinite Capital.
Core Team
Update…
Tokenomics
Update…
Exchanges
Update…
Information Channel About Shell Protocol Project
- Website: https://shellprotocol.io/
- Twitter: https://twitter.com/ShellProtocol
- Discord: discord.gg/TSqVPPv2tV
- Blog:
Summary
Shell Protocol has a big dream with the DeFi All in One ecosystem at its core. However, Shell Protocol’s vision takes a lot of time to build and develop, so we need to monitor and observe the project carefully before making investment decisions.
