a big milestone for Shift
our project has been added to the official @Enter_Elysium testnet ecosystem list.
we’re focused on a specific problem:
when an Elysium pool price falls behind the HyperCore market, how can LPs be protected from that price gap?
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LPs shouldn't be put in an unfavorable position because the pool price is lagging behind the market.
in this video, we explain in simple terms what Shift is, why it's needed, and what its main goal is for LPs.
Shift is designed to manage this price discrepancy between @Enter_Elysium pools and the HyperCore market.
today is a good day to spend more time being active on the @Enter_Elysium network.
we recommend making a few transactions on Shift and trying both available trading routes.
currently, you can interact with Shift through two different routes.
1. WHYPE
first, click on Evaluate to check the price status and the next decision. once you receive a Quote, you can proceed with the Swap.
2. SDA and mUSDC
in this route, you'll use SDA (Shift Demo Asset) and mUSDC. first, get the test tokens from the Test Tokens section, then proceed with Evaluate and Swap. (It takes a few minutes for it to arrive in the wallet.)
we'd be happy to see your activity on Shift. visit Elysium and give both routes a try.
note: in the current testnet version, the HyperCore component runs in a scripted mode, and Swap does not mean placing a real order on HyperCore.
https://t.co/wRLutkrnQk
shift has been updated on @Enter_Elysium testnet.
all live contracts are now verified, and a complete Shift cycle has been successfully executed onchain. The shifted 25% slice remained inside the position contract throughout the process.
swaps now recheck the book within the same transaction, while owners can requote pulled positions using fresh reads. The desk also displays sold out status.
the HyperCore leg remains scripted on testnet. Tokens stay in the contract, and no orders are placed on @HyperliquidX .
try: https://t.co/wRLutkrnQk
what are we building at Shift?
we focused on protecting LPs from price discrepancies between @Enter_Elysium pools and the @HyperliquidX market.
when a pool price falls behind the market, LPs can be exposed to unfavorable trades.
Shift focuses on this problem and is now listed in the official Elysium testnet ecosystem.
this is just the beginning for us.
try
https://t.co/ThhwvHBrqu