[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: $BTC,@nodemonkes, @OrdinalMaxiBiz,@QuantumCatsXYZ, @lepuppeteerfou,$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, @XverseApp (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!