[Shell Finance Mainnet is Live]🚀
Hey Shell Fam❤️
We’re thrilled to announce the launch of our mainnet and to kick off a groundbreaking chapter for stablecoin in the #BTCFi ecosystem.
Explore the BTCFi Journey: https://t.co/Hy3sHaazsQ
User Guidance: https://t.co/m2gr2rltHY
[What is Shell Finance]
Shell Finance is a #decentralized stablecoin protocol built on Bitcoin #Layer1, leveraging PSBTs and DLCs.
We support BTC, Ordinals NFTs, Runes, BRC-20 and other Bitcoin ecosystem assets as collateral to mint #SUSD (SUSD • SUSD • SUSD).
Users can access liquidity directly on Bitcoin Layer 1 without needing to bridge assets elsewhere.
More details: https://t.co/E2avsa7iUA
[Why Built a Stablecoin Protocol on BTC Layer 1]
- BTCFi is Coming
Bitcoin faces a critical challenge: after this halving, block rewards drop to 3.125 BTC per block, which is not sufficient to sustain miner incentives and maintain network security.
To address this, increased transaction fees on Bitcoin Layer 1 are essential. Innovations like Ordinals NFTs, BRC-20, and Runes have helped, and BTCFi on Layer 1 can further support Satoshi Nakamoto’s vision.
- Superior Liquidity and Security
Bitcoin Layer 1 offers the best liquidity and security. Assets like BTC, Ordinals NFTs, Runes, BRC-20, and Atomicals originate and primarily remain on Bitcoin L1.
- No Stablecoin Trading Pairs on Bitcoin Ecosystem
Almost all trading pairs in the Bitcoin ecosystem are BTC-based. Users not only need to monitor the asset-to-BTC price, but also Bitcoin’s price itself, which creates significant friction. Stablecoins within the Bitcoin ecosystem can effectively solve this issue.
[How to Use Shell Finance]
- Borrow #SUSD Using Collateral
Supported Assets: BTC,@nodemonkes, @OrdinalMaxiBiz,@quantumcats, @lepuppeteerfou,Ordi, Sats. Runes supported coming in Jan 2025.
Other Assets: Stay tuned for future announcements.
Fractal Bitcoin: Support coming to @fractal_bitcoin in Dec 2024
Wallets Supported: @wallet,@unisat_wallet, @xverse (Dec,2024), and more!
- Participate as a Liquidator in Auctions
Collateral enters the auction process if it hits the liquidation threshold.
Liquidators can purchase collateral below the floor price using #SUSD, creating arbitrage opportunities.
After purchasing liquidated collateral, you can sell it on @dot_swap,@MagicEden or @okxweb3 or just hold it!
- Arbitrage Trading
#SUSD may trade slightly above or below $1, offering opportunities for leverage trading.
We’ll start with a pool on @dot_swap and expand to @MagicEden,@Unisat_wallet, and other platforms later.
And more exciting features to come!
Thank you again, get your first - and welcome aboard the #BTCFi journey with Shell Finance!
1/ Introducing a brand new offering for Bitcoiners: Asset Runes.
Bitcoin-native assets giving you 1:1 exposure to real tokens, starting with USDC, and soon expanding to more tokens, NFTs, and RWAs.
Minted natively on Bitcoin, redeemable 1:1 on Starknet, with full reserves 🧵
Bitcoin Thunderbolt is LIVE.
The Boosting Network for Bitcoin is now running on mainnet.
Speed, programmability, and Bitcoin-native assets, all onchain. ⚡️
After PizzaSwap enabled Mainnet #Runes deposits,
@ShellFinance_ created a trading pair on PizzaSwap.
For users concerned about #FB's price volatility, you can hedge risks by using the $SUSD/ $FB trading pair to swap $FB into stablecoins!
Fiat-backed stablecoins are always a black box.
Only smart contracts can truly guarantee that your money is yours—transparent and fully backed on-chain.
Over-collateralized stablecoins are the future, and that’s exactly what Shell Finance is building. 🛠️🔐
#sUSD#Stablecoin
✨ SUSD•SUSD•SUSD (Runes) is Now Live on PizzaSwap!
Shell Fams can use #OrdinalsNFT, #BRC20, and #RUNES tokens as collateral to mint #sUSD directly on Bitcoin L1—then trade seamlessly on PizzaSwap! 🍕⚡
Excited to boost the #BitcoinFi ecosystem with @unisat_wallet team🚀✨
✨ SUSD•SUSD•SUSD (runes) is Now Live on PizzaSwap!
PizzaSwap now supports SUSD•SUSD•SUSD, an over-collateralized synthetic stablecoin on Bitcoin developed by @ShellFinance_ based on the Runes Protocol.
🔸 Deposit Bitcoin mainnet assets directly into PizzaSwap on Fractal
🔸 SUSD•SUSD•SUSD (runes) wrapped as sSUSD (brc-20) in PizzaSwap
🔸 Swap sSUSD effortlessly with other brc-20 tickers on Fractal
🔗Try it now: https://t.co/ZTlQfuEVpq
🔥 More PizzaSwap activities & updates are on the way—stay tuned!
1/2
⚡Bitcoin Thunderbolt is coming — The Boosting Network unlocks Bitcoin's full potential: assets, trading, and verification.
We’ve teamed up with @nubit_org to offer 10 early access spots to it!
Comment with your Bitcoin address and email!
24 hours left, act fast!
🚀 Shell Finance Feature Update is here! 🚀
We’ve added several new features to enhance your experience👇
1️⃣ New Runes Asset Support: Users can now collateralize $DOG to mint #sUSD 🐶💰
2️⃣ History Position Feature: Users can now view closed positions on the History page for better loan management 📊���
3️⃣ One-Click Airdrop Claim: The Claim feature is now available, allowing users to receive airdrops for their collateralized assets 🎁⚡
4️⃣ Optimized Liquidation Protection Display: A countdown timer is now shown for positions in the liquidation protection period ⏳🔒
Try out the new features now and enjoy a smoother DeFi experience! 🚀
⏳ $sUSD on @fractal_bitcoin �� Countdown Begins!
After 2 months on Bitcoin L1, $sUSD is coming to @fractal_bitcoin! 🚀
Users can now borrow $sUSD using $FB and other assets as collateral—all in a fully decentralized way. @ShellFinance_ never holds user assets.
🔍 Learn more about the borrowing mechanism:https://t.co/gnq882QPWm
Stay tuned for more details in the coming days! 🧡
📌More on Runes assets in PizzaSwap:
🔸We're working with Shell Finance @ShellFinance_ to integrate SUSD•SUSD•SUSD, a stablecoin synthetic asset issued by Shell Finance based on the Runes Protocol, valued at 1 US Dollar. https://t.co/qSzz89VlOD
🔸$sUSD on Bitcoin will be bridged to Fractal via Simple Bridge and wrapped into brc-20- SUSD (sSUSD___000) for trading in PizzaSwap.
🔸This allows seamless pairing and swaps of SUSD against other brc-20 assets.
🔸You'll soon be able to deposit SUSD to PizzaSwap in a single step - just like brc-20 assets. Simple, fast, and no more bridging headaches!
3/4
Building from 0 to 1 on Bitcoin L1 requires high-level expertise to ensure stability and prevent potential bugs.
Shell Finance has successfully launched the decentralized stablecoin #sUSD on Bitcoin L1, running flawlessly for 3 months with zero bugs.
🚀 More features coming soon—stay tuned!