⚒️Minting and Redeeming with Shield Protocol

Shield Protocol offers a straightforward way to create and redeem synthetic assets—like BNBX—so you can explore DeFi opportunities without having to lock away your real BNB. This flexibility lets you continuously adapt your investment strategy, ensuring your assets are always working for you.

1. Minting BNBX

Minting BNBX essentially transforms your deposited BNB into a synthetic asset pegged to the value of BNB—freeing you to engage in a variety of DeFi strategies.

1. Deposit BNB

   • You add your BNB to Shield Protocol’s secure vault.

   • This deposited BNB serves as collateral, backing the newly minted synthetic tokens.

2. Receive BNBX

   • You automatically receive BNBX, which mirrors the value of the underlying BNB.

   • You can then use BNBX for staking, liquidity provision, or any DeFi strategy supported by Shield Protocol.

Why Mint BNBX?

• Capital Efficiency: You can keep your actual BNB out of a single “lock,” letting you repurpose it within the Shield ecosystem.

• Versatile Use Cases: BNBX can be staked, added to liquidity pools, or combined with other DeFi tools for additional earnings.

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2. Additional DAO-Driven Rewards

One of the standout features of Shield Protocol is how the underlying BNB—the one you used to mint BNBX—gets put to work behind the scenes by the Shield DAO.

• DAO Allocations: The DAO deploys this BNB across various yield-generating strategies—like liquidity mining programs, node operations, and more.

• Profit Conversion: Any profits from these activities are converted into SHIELD tokens.

• Reward Distribution: These SHIELD tokens are then distributed to users through the MasterChef contract as extra rewards, above and beyond any returns you might earn through BNBX-based activities.

Key Benefit: You gain a second stream of potential income—the first being whatever you do with BNBX (staking, liquidity pools, etc.), and the second coming from the DAO’s behind-the-scenes profits.

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3. Redeeming BNBX

If your strategy changes or you simply want your original BNB back, redeeming is quick and efficient.

1. Burn BNBX

   • You submit your BNBX tokens for redemption via Shield Protocol.

   • The protocol burns these BNBX tokens, removing them from circulation.

2. Receive BNB

   • Shield Protocol returns the corresponding amount of BNB to your wallet.

   • You’re now fully back in BNB without incurring unnecessary complications.

Fees

• Minting Fee: 0.3%

• Redemption Fee: 0.5%

All fees are redistributed to stakers, fueling further growth in the ecosystem and rewarding those who hold long-term.

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4. Why Mint and Redeem Through Shield Protocol?

• Flexibility & Freedom

  • By holding BNBX, you maintain exposure to BNB’s value yet remain free to explore different DeFi strategies.

  • Easily move in or out of positions as market conditions evolve.

• Dual Earnings

  • BNBX Yields: Earn staking or liquidity rewards by using BNBX within Shield Protocol.

  • DAO-Driven Rewards: Benefit from the additional revenue generated by the DAO’s yield strategies, which gets converted into SHIELD tokens and redistributed.

• Efficiency & Control

  • Quickly pivot between strategies, thanks to simple minting and redeeming processes.

  • Keep your capital agile—no need to lock up all your BNB in one place.

• Ecosystem Growth

  • Fees and DAO profits support the Shield Protocol community, incentivizing participants and strengthening the entire platform.

  • As a user, you’re contributing to an ecosystem that rewards engagement and shares its success.

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Minting and redeeming BNBX within Shield Protocol isn’t just about holding a synthetic version of BNB—it’s about maximizing what your BNB can do. From tapping into new DeFi strategies to enjoying extra DAO-driven rewards, Shield Protocol ensures your capital remains both flexible and profitable. Dive in and see how your BNB can power up the DeFi world while working harder for you.