Dear Community,

2024 began with a quarterly fee distribution of ~6k USDCs to NPXs holders and now we wanted to give you a heads up on recent happenings:

• ⚡ Better Insights with The Graph: To give you a clear view of our trading strategies performance and the activity on SHPRD, we deployed (and incentivised) a new subgraph on Arbitrum. This new graph is the decentralised version that comes as a response to the unexpected shutdown of a previous centralised version at Christmas.

• 🗂️ Listing on DefiLlama: We're pleased to inform you that SHPRD is now listed on DefiLlama. This listing facilitates easier tracking of the total value locked in the protocol's vaults, enhancing accessibility and transparency for all users.

• 💸 Strengthening Our Strategies: In our commitment to fostering growth and maximizing returns for KYCed NPXs holders, we've allocated an additional 25K USDCs towards seeding our trading strategies. This investment is poised to fuel further expansion, with associated fees set to be distributed to NPXs holders at the end of Q1 2024.

• 🆕 Introducing a new vault: We've rolled out a new vault offering exposure to the staking ecosystem. This vault includes $LDO and $RPL tokens, providing opportunities for those interested in staking activities.

We remain dedicated to keeping you informed about any further developments as we continue to evolve.

The Shprd Team