Shell Protocol (SHELL)

Basics

• Announced on:
• Mainnet release: 5-10-2020
• Based in: Hawaii
• AMM for stablecoins.
• From EthHub #135 (12-10-2020):

"The Shell Protocol launched its first stablecoin liquidity pool that offers deep stablecoin liquidity, reserve weights, protections against a broken peg, dynamic fees and interoperability with aTokens and cTokens."

History

• From an interview with Stani, who is an investor:

"“What for me was interesting was the whole story of how they moved to Hawaii,” Kulechov said. The team has a “Hawaii House” on the beach listed as a perk for new hires. New employees aren’t required to live there but encouraged to at least come and hang out a while."

Audits & Exploits

• Bug bounty program can be found [insert here].

Technology

• Whitepaper can be found here. With a new whitepaper released (13-10-2021).
• Code can be viewed [insert here].
• Built on:

Upgrades

• Moved more towards the Curve model (13-10-2021):

"The next version of Shell will allow developers and liquidity providers (LPs) to deploy assets with much more power over how the price moves as traders trade. In technical terms, they will allow LPs to define the bonding curves of their pools.

“If you have this very flexible curve, this very flexible geometry, that means you can optimize where you’re allocating liquidity to have a very high level of efficiency,” Kenny White, Cowri Labs founder and CEO told The Defiant in an interview."

Roadmap

• Can be found here (9-2021):

"Shell Protocol v2 will come with a new trade logic layer that determines swap rates as well as an accounting layer that tracks balances and transfers tokens."

Competition

• Curve and mStable

Team, Funding, Partners

• Full team can be found [here].
• Cowri Labs

Funding

• Stani Kulechov; investor (30-1-2021).

Partners 

• Gets support from The LAO (30-10-2020).
• From the ARC Discord (15-12-2020):

"We're working very closely with the Shell Protocol team to get the STABLEx/USDC pool out. We're getting close and hoping to get this live in the next 24-48 hours."

(:

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