Introducing Shield of Xcalibur 🛡

Shield is a rewards engine built on top of @3xcalibur69

Shield will offer higher APR than what is natively offered on 3xcalibur paid out in the $SHIELD token. In exchange, all $XCAL rewards will be directed to the protocol. You may be asking, why would I hold SHIELD?

First of all, the SHIELD LP pair will certainly have the highest APR by far, but that’s not all. In addition, 50% of $XCAL rewards earned by the protocol will be distributed to SHIELD/USDC LPs and the remaining 50% will go to the Shield of Xcalibur treasury.

That means SHIELD LPs will be earning rewards from all depositors! The higher the TVL, the more $XCAL rewards for SHIELD LPs.

Initially, all of the protocol’s voting power will be directed towards the SHIELD/USDC LP pairing allowing us to greatly increase the amount of $XCAL earned by both SHIELD LPs and the protocol.

Shield is founded by the @EncantoWeTrust team. We originally built a rewards engine for ForteSwap on Canto, but we are now launching a second arm on Arbitrum.

We were somewhat held back by ForteSwap’s lack of a token. Unfortunately, there is no public timeline for a token so there is no asset for us to accumulate on Canto that gains major voting power.

We want to build a treasury full of valuable assets like $XCAL. We are extremely bullish on @3xcalibur69 and plan to collect and lock as much $XCAL as possible.

Docs soon..

Follow @ShieldXcalibur on Twitter for updates 🛡

https://twitter.com/ShieldXcalibur/status/1588598163845382146?s=20&t=0zv5_xVFVcfOm9RirGjraw