Dear Community,
We are very pleased to announce the release of Shprd in beta, our long awaited DeFi platform. This protocol is the realisation of the original NPX project. At the time we wanted to create a decentralised and transparent asset management protocol. This is now a reality.
To simplify and maximise the interactions between the Shprd community and the dev team, we will redirect conversations and official communications to Discord. Therefore, we invite you to join the Shprd Discord server. We will close the Telegram channels at the end of November, in the meantime we are cutting off conversations. Feel free to bring your degen friends to Discord to chat with us and to grow the community.
Shprd's value proposition
Shprd is a blockchain-based protocol that provides a mechanism for creating decentralised trading strategies (called “vaults”). These strategies could be managed by professional or non-professional traders (called “strategists”) to profit from the rise or fall of the crypto-assets traded in the strategy. Any user will be allowed to join a strategy and benefit from the strategist's skills. Each strategy is embedded in a dedicated vault.
NPX Token holders can stake their tokens to get a share of the performance and management fees of the vaults.
Shprd is an EVM-Compatible protocol. It is currently deployed on BSC and Arbitrum. In the future, the DAO will vote to implement new blockchains to be supported by the Shprd protocol.
Shprd’s revenue model
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For strategists: they earn a share of the performance fees and management fees from their own trading strategies. A portion of the management and performance fees is returned to the vault strategist/beneficiary in the form of tokenized shares (freshly minted). The rest is returned to the DAO.
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For token holders: they can collect performance or management fees, it’s a role given by the vault owner (ie strategists). At creation of the vault, the strategist and a global DAO harvester address are granted this role.
How to create a vault
This feature is still limited to CoinShares. The objective will be to open to the public in the future. Before the official launch of this feature you can propose your own strategies by contacting us through the request button.
KYC
We implemented a KYC feature for users who will fund the Vault through Anima, a decentralised identity protocol. Anima recently announced a future airdrop for the users of the protocol.
If you want to know more about this feature you can visit our Gitbook.
How to stake & collect fees
Token holders will be able to stake their NPX tokens on the platform to receive the management et performance fees of the vaults. In the meantime we launched a security audit of the tokenomics smart contract. NPX token holders will continue on receiving the licensing fees, under the same conditions as at present, until the end of the year.
We are currently considering the idea of a token swap from NPX to SHEEP. Please note that this analysis, currently at the exploratory stage, requires significant, security, legal and regulatory considerations on our side.
Strategies available at launch
Today 4 strategies are available on BSC or Arbitrum :
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BTC AI Long Daily (BSC & Arbitrum)
It combines 3 strategies, two medium-term and one short-term on BTC (BTC-USD). The first two are medium-term tracking strategies, one of which is weekly and the other daily, they trigger a buy signal when the price is above a trend indicator. The third strategy is contrariant and buys the crypto when its price is oversold. The weekly & daily signals are monitored based on moving average and slope indicators in a specific window over time.
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ETH AI Long Daily (BSC & Arbitrum)
It combines 3 strategies, two medium-term and one short-term on ETH (ETH-USD). The first two are medium-term tracking strategies, one of which is weekly and the other daily, they trigger a buy signal when the price is above a trend indicator. The third strategy is contrariant and buys the crypto when its price is oversold. The weekly & daily signals are monitored based on moving average and slope indicators in a specific window over time.
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BTC/ETH AI Long Daily (BSC & Arbitrum)
It combines 3 strategies: 1 weekly, 1 daily & 1 contrarian on ETH (ETH-USD) & BTC (ETH-USD). The first two strategies trigger a buy signal when the price is above a trend indicator. The third (contrarian) buys the crypto when its price is oversold. The weekly & daily signals are monitored based on moving average and slope indicators in a specific window over time. The unique algorithm of this bot will determine the composition of a position on ETH & BTC (e.g. 100% BTC, 100% ETH, 50% BTC and 50% ETH, etc.).
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BNB Long Daily (BSC only)
It combines 3 strategies, two medium-term and one short-term on BNB (BNB-USD). The first two are medium-term tracking strategies, one of which is weekly and the other daily, they trigger a buy signal when the price is above a trend indicator. The third strategy is contrariant and buys the crypto when its price is oversold. The weekly & daily signals are monitored based on moving average and slope indicators in a specific window over time.
As explained above, we plan to grant the strategist role to external strategists in the future. If you want to propose your strategy and become a strategist of SHPRD, contact us through the request button on the platform.
Roadmap
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Q4 2022:
- Security audit of the smart contract of the tokenomics
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Expected in 2023 (more details soon):
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Early 2023:
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NPX holders will receive the licensing fees of Q4
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DAO Creation and voting through Snapshot
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Vote (on Snapshot) revenue share proposition of the vaults
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H1 2023:
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Legal and regulatory analysis on a potential Swap Token
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Launch of a voting phase to implement new blockchains support and new strategies from external strategists
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Implementation of new more advanced strategies through option vaults and leveraged vaults
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DAO will vote on a potential Airdrop to vault’s users (conditions must be discussed upstream)
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The Shprd Team
Disclosure
Before using Shprd, please carefully read Shprd Terms of use as well as the Risk disclosures.
This is general information only. Nothing in this information should be interpreted as constituting an offer of (or any solicitation in connection with) any investment products or services by any member of the CoinShares Group where it may be illegal to do so. Access to any investment products or services of the CoinShares Group is in all cases subject to the applicable laws and regulations relating thereto.
Although produced with reasonable care and skill, no representation should be taken as having been given that this information is an exhaustive analysis of all of the considerations which its subject-matter may give rise to. This information fairly represents the opinions and sentiments of CoinShares, as at the date of its issuance but it should be noted that such opinions and sentiments may be revised from time to time, for example in light of experience and further developments, and this information may not necessarily be updated to reflect the same.
The information presented has been developed internally and / or obtained from sources believed to be reliable; however, CoinShares does not guarantee the accuracy, adequacy or completeness of such information. Predictions, opinions and other information contained in this information are subject to change continually and without notice of any kind and may no longer be true after the date indicated.
Any forward-looking statements speak only as of the date they are made, and CoinShares assumes no duty to, and does not undertake, to update forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Nothing within this information constitutes (or should be construed as being) investment, legal, tax or other advice. This information should not be used as the basis for any investment decision(s) which a reader thereof may be considering. Any potential investor in digital assets, even if experienced and affluent, is strongly recommended to seek independent financial advice upon the merits of the same in the context of their own unique circumstances.