Roseon Finance ($ROSN) is pleased to announce a partnership with Shield Finance ($SHLD), a DeFi insurance provider. Under the terms of the MOU, Roseon and Shield will work together to deliver yield farming insurance options to Roseon’s users. The details are still being discussed though the partnership will allow Roseon Finance users to benefit from Shield insurance products to protect against loss due to security breach or smart contract failures.
“We see a lot of opportunities for insurance in NFT space, and the combination of NFT + yield farming is a unique value proposition of Roseon Finance.” Denis Gorbachev, CEO of Shield Finance, said. “Of course, Roseon users would love to see their funds insured, and we will help provide the best policy options available.”
Roseon is a multi-chain mobile first yield aggregator that simplifies DeFi and brings DeFi opportunities and features such as Swap and NFTs marketplace access to anyone with a mobile phone allowing users to manage their crypto and digital tokens from wherever they go. Its mission is to simplify the DeFi world and bring mobile access to the DeFi opportunities and features to users wherever and whenever. To ensure the operation and success in the Roseon ecosystem, deposit funds must be kept safe and the partnership with Shield is an added measure that further supplements the existing controls to mitigate risk of loss.
At Roseon, there are numerous levels of safety employed to avoid a single point of failure. These include custodian solutions, such as multi signature wallets, offline storage with multiple hot wallets for managing operations. Roseon has also implemented monitoring server-side security protocols and any smart contract that interacts with Roseon’s ecosystem will need to be audited and verified on the public explorer with the source code available on a Git repository with extended documented guides and code comments.
“Roseon’s business is based on the trust that our customers place in us and our platform — it is absolutely essential that our users’ funds are protected.” Allan Ta, CEO of Roseon Finance, said. “We already have a number of layers of protection to ensure our users’ funds under our custody are safe including offline storage, multi-signatures, etc. There are also control measures employed in our systems and processes with our smart contracts having been audited from a top tier security firm. The partnership with Shield will provide added security as our app gets ready for full launch.”
About Roseon Finance
Roseon Finance ($ROSN) is a mobile yield aggregator that manages your crypto + NFT portfolio and optimizes yield across DeFi and CeFi networks. Acting as the gateway to DeFi, Roseon Mobile is a crypto finance app, currently available on Android (iOS version will be released soon), that was built to help onboard new users to DeFi with its customer-centric design.
About Shield Finance
Shield Finance ($SHLD) is a multi-chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to hacks, exploits, rug pulls, sell-offs, and other black swan events. We are currently integrating multiple insurance providers to provide our users with reduced slippage and expansive coverage.
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