Shido launches cross-chain defi ecosystem

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Updated March 2, 2023 | Published March 2, 2023

2 mins read

Alongside an extensive range of defi services, the platform will offer its cryptocurrency debit card.

Cross-chain defi ecosystem Shido has announced the launch of its new platform supporting a range of defi utilities.

Committed to bringing defi closer to mass adoption, the overarching focus of the ecosystem is based on security, quality and usability.

The ecosystem includes the smart contract based Shido Chain, a layer 1 sharded proof-of-stake blockchain offering security, decentralization, and unlimited transactions per second through the sharding solution.

It also includes the Shido Wallet, which is instilled with a “unique” set of features including biometric 2-layer security and authentication.

Also included is the Shido MasterCard, a crypto debit card with a banking service reaching 158 countries worldwide, Shido Dex, a decentralized exchange and defi aggregator, liquidity protocol and perpetual dex, and Shido Perpetual Dex, a V2 layer offering perpetual trading and collateralized loans.

The ecosystem also supports the Shido Market NFT marketplace and the Shido Games play-to-earn gaming platform, which is launching in November.

The Shido token is the governance and utility token of all defi utility deployed by Shido Global on Shido Chain. It is powered by Shido Smart Contract and is deployed on the BNB Chain and Ethereum Network.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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