TL;DR
- ChainPort is providing Shield Finance’s $SHLD tokens with access to the Binance Smart Chain
- ChainPort’s blockchain bridges are free to use and can be used by anyone
- Shield Finance is an aggregator that specializes in insurance for DeFi users
- ChainPort is a permissionless blockchain bridge that allows people to seamlessly transfer tokens from one blockchain to another.
ChainPort is rapidly expanding as more tokens are constantly getting listed, and bringing liquidity over to ChainPort. Shield Finance recently joined the ChainPort ecosystem, and now has access to ChainPort’s blockchain bridges. Shield Finance’s $SHLD tokens can now easily be ported over to the Binance Smart Chain (BSC) using ChainPort.
$SHLD Tokens on BSC
$SHLD token holders can use ChainPort’s blockchain bridges whenever they want to move their tokens between Ethereum and Binance Smart Chain (BSC). Any $SHLD tokens that are ported to Binance Smart Chain (BSC) using ChainPort will be called $SHLD via ChainPort on the BSC network.
Any of the $SHLD tokens that are moved onto BSC via ChainPort will be fully functional on the network. This means that people can make use of their ported $SHLD tokens on BSC by moving them around or even interacting with the DApps on there.
How to Use ChainPort
ChainPort has an extremely straightforward and interactive interface that makes using the platform super easy. Additionally, this infographic guide on ChainPort will be really helpful for anyone interested in trying out ChainPort.
You don’t need to worry about fees when using ChainPort, because it does not charge any fees to those using ChainPort’s blockchain bridges. Anyone can use ChainPort to transfer their tokens from one blockchain to another, and ChainPort will not charge them for it. However, keep in mind that blockchains do have their own network fees, but ChainPort has nothing to do with those fees.
About Shield Finance
Shield Finance is a decentralized platform that provides insurance aggregation services for DeFi users. People can use Shield Finance to buy insurance against major market crashes caused by hacks, exploits and rug pulls.
Shield Finance is aiming for multi-chain operability which means that it will operate on more than one blockchain. Right now Shield Finance operates on Ethereum, Binance Smart Chain, Polkadot, and Solana.
About ChainPort
Chainport is one of the first permissionless bridges between blockchains. Anyone can freely use ChainPort’s highly interactive user interface to port tokens over to different blockchains. As of right now Chainport only provides a bridge between Ethereum and Binance Smart Chain (BSC), but bridges to and from more networks will be added very soon.
With so many blockchains in the space right now interoperability is considered by many the most important route for the future. Chainport aims to have fully operable bridges between Ethereum, BSC, Polygon, Polkadot, and Cardano. Any token ported over from to various blockchains using ChainPort is fully operable there and can interact with any of the DApps on the Networks.
$SHLD Binance Smart Chain Address: 0x5b16273f4143477066f46a36b31baa5fc4429245
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