# 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.

***

#### 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.

***

#### 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.

***

#### 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.

***

**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.
