Defender Finance is a Multi-chain, all new model algo - stable yield farming protocol, first launch on BSC network. It is now also launched on Arbitrum.
$SHD is the share token of Defender. On Multi-chain ecosystem, the first letter of each chain will be added as the SHD token suffix. $SHD is on BNB Smart Chain and Arbitrum.
$SHD is one of the ways to measure the value of the Protocol and shareholder trust in its ability to maintain $SWD close to peg.
There is up to 0.1% burn tax for every sell.
During epoch expansions the protocol mints $SWD and distributes it proportionally to all $SHD holders who have staked their tokens in the FORTRESS.
$SHD holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Defender finance ecosystem.
DEPOT, FORTRESS and CITADEL are current use case for $SHD. On the Project roadmap, the team is going to build further incentive use cases for $SHD such as Dex & Leverage Trading protocol with $SHD buyback & burn mech.
