# What is ShineDAO?

Version: 3.7

ShineDAO Protocol is a permissionless & non-custodial marketplace for programmable OTC token deals. It enables launching a custom deal through a no-code UI while controlling rates, availability, access, discoverability & token distribution.

{% hint style="danger" %}
Before using the ShineDAO protocol, please read the [Terms of Service](/terms-of-service) carefully.
{% endhint %}

### Overview

{% content-ref url="/pages/FrtKlIYzNH4tUH4vgGTZ" %}
[Launch](/protocol/launch)
{% endcontent-ref %}

{% content-ref url="/pages/z93UQjqdq5Z5teOPI8Lg" %}
[Swap](/protocol/swap)
{% endcontent-ref %}

<figure><img src="/files/YYkDT0W0eS61jDlvPuYt" alt=""><figcaption></figcaption></figure>

### Supported Chains

<figure><img src="/files/7iMTAP3oyBgXsEIWDGfG" alt=""><figcaption></figcaption></figure>

## Our Partners

Altho we made our protocol permissionless and available for anyone to use for their own use case, we also focus on demand and work with several investment clubs, DAOs, angels, and VCs.

To learn more about how you can benefit from that, please schedule a consultation:

{% embed url="<https://calendly.com/shinedao/30min>" %}


# Launch

An overview of launch features and functionality.

Permissionless user interface (UI) facilitates generating, deploying, and interacting with smart contracts for ERC-20 tokens on multiple blockchains and scaling solutions.

Deployers control swapped assets and their rates, deal availability, access, distribution, deal discoverability, and deploy custom deals to the desired network in seconds.

## Network

Currently, it is possible to launch deals on Aurora, Arbitrum, Optimism, and Polygon. You select the network by simply connecting the wallet to the network you would like to deploy a deal to.

## Title

Title gives users context about a deal. If the deal is listed (see section Listing), the title will help users to find the deal faster in the dashboard.

## Tokens

Any ERC-20 token can be swapped for any ERC-20 token at any rate, as long as both tokens are on the same chain (for now). You need a high enough balance of Offered Tokens (A) to be able to launch a deal. Offered Tokens (A) are being sent to the smart contract as a final step of the deal launch process.

## Schedule

Schedule allows you to control deal availability, by defining start and end times. The values are represented as Unix timestamps. To generate Unix timestamps based on desired dates and times, you cand use Unix Time Converter.

{% embed url="<https://unixtimeconverter.net/>" %}

{% hint style="danger" %}
Please note that your Offered Tokens (A) will be sent to the smart contract when you create a deal, even if the Start Timestamp is in the future. You will be able to claim the remaining Offered Tokens (A) after the End Timestamp, Accepted Token (B) will be sent to your address immediately.
{% endhint %}

## Access & Caps

### Open Access

Open access makes your deal available to anyone without caps. This means the whole deal can be swapped by one random address, given that it can provide enough Accepted Token (B).

### Whitelist

Whitelist allows only selected comma-separated addresses to participate in the deal. You need to define cap per any of the whitelisted addresses, by adding comma-separated values for Token (B) Cap/Address in the same order as values for Whitelisted Addresses.

If you want all addresses to have the same Token (B) Cap/Address, you will need to add the same cap as many times as the number of Whitelisted Addresses (comma-separated).

### NFT Gate

NFT gate allows only addresses with specified NFT collection to access your deal. You need to define cap per address holding NFT.&#x20;

{% hint style="info" %}
Multiple NFTs on the same address do not act as a multiplier for Cap/Address.
{% endhint %}

### Token Gate

Token Gate allows only addresses with specified tokens & fulfilled tier requirements to access the deal. Tiers define the minimum amount of Access Tokens required for access & each tier has a Token (B) Cap/Address.

{% hint style="info" %}
In V1, there are 4 tiers required by default when Token Gate is enabled.
{% endhint %}

The values for Access Tokens and Token (B) Cap/Address in Tier 2, Tier 3, and Tier 4 need to always be higher than the previous Tier.

{% hint style="danger" %}
Please note that all caps are defined in Accepted Token (B) and not the token you are offering as deal deployer - Offered Token (A).
{% endhint %}

## Distribution

### Instant

Instant distribution means that both tokens A and B will be released instantly to both parties at the swap event.

### Lock

Lock allows you to define the % of Offered Tokens (A) at each swap that you want to be locked along with lock duration (in seconds). The unlocked tokens will be released instantly.

### Linear Vesting

Linear vesting allows you to define % of Offered Tokens (A) at each swap that you want to be locked and vested. Unlocked tokens will be released instantly.&#x20;

Linear vesting means that the locked tokens are going to be distributed to the users linearly over Vesting Duration (in seconds). By defining Cliff Duration (in seconds), you will be able to postpone the start of vesting in the future.&#x20;

To convert days to seconds, you can use the calculator below.

{% embed url="<https://www.unitconverters.net/time/days-to-seconds.htm>" %}

To calculate the duration between two times and dates you can use:&#x20;

{% embed url="<https://www.timeanddate.com/date/timeduration.html>?" %}

## Listing

By default, your deal will be public and shown in the dashboard, as long as users are connected to the right network and also accessible via a generated link.&#x20;

Private deal is hidden from the dashboard. It can be accessed via a generated link.

## Slippage & Fees

### Slippage

**0,0%**

Since the deal is happening OTC for a fixed price you defined, there is no slippage for swaps.

### Deployment Fee&#x20;

**25 MATIC** or **0.015 ETH**, depending on the network.

We collect a small deployment fee to prevent spam.

### Token A Swap Fee

**0.6%**

The fee is charged **only** when your Offered Token (A) is successfully swapped. If you claim any of your tokens back after the end time, you wont be charged any fee for those. The fee is collected in token A.

### Token B Swap Fee

**0.6%**

The fee is paid by the user swapping accepted (A) for offered token (B) only when they are successfully swapped. The fee is collected in token B.

{% hint style="info" %}
Still got questions, or need a consultation on your custom use case? Feel free to reach out on our [Discord](https://discord.com/invite/awSN2gUTJB) channel or schedule a consultation (below).
{% endhint %}

{% embed url="<https://calendly.com/shinedao/30min>" %}


# Swap

An overview of swap features and functionality.

Given that the user address is fulfilling access requirements, it can interact with smart contracts and swap tokens based on terms defined by the deployer.

## Find a Deal

### Public Deals

You can find all public deals in the Deals section:

{% embed url="<https://app.shinedao.finance/deals/>" %}

{% hint style="danger" %}
V1 deal dashboard shows only deals deployed on the network you're connected to. If you want to find deals on other networks, please change the network.
{% endhint %}

### Private Deals

Private deals are hidden from the dashboard. They can be accessed via a generated link.

## Swap

{% hint style="danger" %}
Please make sure you understand the deal details and verify token addresses before initiating a swap.
{% endhint %}

Given that your address fulfills access requirements, you will be able able to approve the token spend and swap the tokens. If tokens are being locked or vested, we'd recommend saving the deal URL, so you can withdraw them in the future.

If you have any questions or concerns, please reach out in the #general section of our Discord server:

{% embed url="<https://discord.com/invite/awSN2gUTJB>" %}


# Terms of Service

{% hint style="danger" %}
Before using the ShineDAO protocol, please read these Terms carefully.
{% endhint %}

## About Us&#x20;

The [shinedao.finance](https://www.shinedao.finance/) website and smart contracts generator protocol (“the Platform”) are operated by ShineDAO ("We"). We are a self govern community building, funding, and supporting Web3 and DeFi projects. We build open-source projects and operate in a permissionless multichain environment. To contact us, please join our [Discord server](https://discord.com/invite/awSN2gUTJB).

## General Terms&#x20;

1. You must be of legal age to abide by the agreement in order to accept the terms. By accessing the Platform we assume that you hereby understand and accept the terms and conditions.
2. If you do not agree to or understand the General Terms and conditions, do not continue to use any of our services.
3. If you were referred to the Platform by a third party, we are not liable for any agreement or terms that may exist between you and a third party.

## Service

1. The Platform is a permissionless user interface (UI) that facilitates generating, deploying, and interacting with smart contracts for ERC-20 tokens on multiple blockchains and scaling solutions.
2. We simplify the process of generating smart contracts. We do not own or deploy any contracts created by a user. We do not have custody over any asset.
3. We are not controlling the selection of the tokens in the generated smart contracts, nor their swap ratio. We are not controlling access to the deal contract, KYC module, distribution mechanism, or deal visibility.
4. We are not approving created contracts or sending any assets to a smart contract. We do not sell assets, offer deals, or trading services.
5. Users define smart contract requirements through the Platform. Smart contracts are deployed and can be interacted with through users’ own non-custodial wallet.
6. Users pay for transaction fees which are incurred through deploying and interacting with smart contacts on all blockchains and scaling solutions. We are not responsible for varying transaction fees on different blockchains and scaling solutions.

## Disclaimers&#x20;

1. The platform is in the experimental beta stage. The code has not been audited. We do not guarantee that our Platform will be secure or free from bugs or viruses.
2. You are solely responsible for ERC-20 tokens in your wallet and smart contracts.
3. You shall not use the platform for activities that are illegal, fraudulent, or have any purpose or effect in violation of the law or regulations. You are also responsible to respect any laws applicable to the jurisdiction you operate in while using the Platform.
4. You are solely responsible to determine if your use of the Platform has tax implications for you.
5. You are using the Platform at your own risk.


# Privacy Policy

We want to process as little personal information as possible when you use our website. Our analytics doesn't use cookies and complies with the GDPR, ePrivacy (including PECR), COPPA, and CCPA. We track page views, to be able to better understand our website traffic.


# Governance

veSHN as a governance token enables community participation in controlling:

* Fees & distribution parameters for all types of OTC deals
* Granting RayDAO membership NFTs (private deals)
* Assets in ShineDAO treasury

Facilitation of this process is done through continuous approval voting whereby holders of veSHN (supporters) create and participate in various initiatives and funding proposals.

Governance interface:

{% embed url="<https://snapshot.org/#/shinedao.eth>" %}

Find the details about the veSHN token:

{% content-ref url="/pages/KnUToI3KJCUVTbMZqIDe" %}
[veSHN Token](/dao/veshn-token)
{% endcontent-ref %}

Find more about the benefits of becoming a supporter:

{% content-ref url="/pages/3nh6VZLSRilQc1TuaakL" %}
[Supporters](/dao/supporters)
{% endcontent-ref %}


# Community Covenant

The directions that govern our participation in the ShineDAO community.

## Our Standards&#x20;

### Being Brave&#x20;

ShineDAO ventures to go where no man has gone, to sail uncharted territories, and change the status quo of traditional finance. United, we have the strength to challenge incumbent ideas and structures. We have the willingness to do the things that matter. Even if those things represent a substantial challenge.

### Empowering Each Other&#x20;

We believe in empowering the individual, rewarding initiatives, and encourage self-development as well as experimentation. If you are strongly convinced about something the easiest way to get others on board is to start the first steps yourself. Show up often, prove you can deliver value, and others will follow you!

### Collaborative Learning&#x20;

Building or learning things alone and in isolation is not fun at all. Not only is your impact minuscule, but your learnings are not reaching their fullest potential either. We believe that together we can make things bigger than ourselves and have fun while doing so.

## Guiding Principles for Decision Criteria&#x20;

We don’t believe in hierarchies and giving orders - we believe in a shared vision and a structure that rewards the individual's contributions. We expect you to create your own individual initiatives with different beneficial actions that will benefit our whole DAO collective, and we reward you for that. ShineDAO recognizes the genius, creativity, and energy of every individual DAO member, and wishes to utilize it as empowerment through the clarity of these foundational pillars. We envision a system where people can take initiative, create, collaborate and contribute, and get rewarded for it.

### Unacceptable Behaviour&#x20;

* Self-destructive behavior&#x20;
* Violence and threats&#x20;
* Hateful conduct and harassment&#x20;
* Unauthorised sharing of private information&#x20;
* Impersonation&#x20;
* Spam, scams, and other malicious conduct&#x20;
* Nudity, pornography, and other sexual content&#x20;
* Extreme violence, gore, and other obscene conduct&#x20;
* Intellectual property rights

### Enforcement&#x20;

When we receive reports of inappropriate content, we take action against accounts that we believe have broken our rules. When we investigate complaints of violations, we examine a variety of criteria, including the intent and context of the violation, as well as the potential for or actual harm to the community.

A warning, a temporary suspension, or, in the case of more serious violations, a permanent suspension may be imposed in response to a specific violation. This may result in the loss of rights such as the ability to support our projects or earn token rewards.


# Supporters

Supporters are users buying SHN tokens and staking them with a time lock to get **veSHN**.

The key benefits of being a supporter are:

* Protocol fees form OTC deals
* Governance power

Find more about veSHN here:

{% content-ref url="/pages/KnUToI3KJCUVTbMZqIDe" %}
[veSHN Token](/dao/veshn-token)
{% endcontent-ref %}

## Private Deals Access <a href="#monetary-benefits-6" id="monetary-benefits-6"></a>

A minimum of 15.000 veSHN balance gives supporters the right to participate in SEED events. Their personal allocation depends on their veSHN balance, the deal size, and other supporters’ interest in that deal.

<figure><img src="/files/Ft443ISuSS674HXbNstP" alt=""><figcaption></figcaption></figure>

{% content-ref url="/pages/T7pshPSNoRXlMFOzL6yU" %}
[Personal Allocation Example](/dao/supporters/personal-allocation-example)
{% endcontent-ref %}

## Rewards

veSHN gives the Supporters the following **monetary rewards**:

1. Fees from ShineDAO Protocol (all OTC deals)
2. Vested project tokens from SWAP
3. Treasury yield

Supporters indirectly benefit when SHN appreciates in value, due to buying pressure and buybacks.

## **Governance**

Additional to the monetary benefits, supporters are given **governance rights**, controlling:

1. Accepting projects for SEED
2. Accepting projects for SWAP
3. Distribution parameters
4. Assets in treasury

Find more about governance here:

{% content-ref url="/pages/-MST7tYUmQrl\_9safv5D" %}
[Governance](/dao/governance)
{% endcontent-ref %}


# Personal Allocation Example

Project *xyz* has a **Tier 1** cap/person of $300.

**The ideal personal allocation entails:**<br>

| <mark style="color:purple;">**Tier**</mark> | <mark style="color:purple;">**Multiplier**</mark> | <mark style="color:purple;">**Cap/person**</mark> |
| ------------------------------------------- | ------------------------------------------------- | ------------------------------------------------- |
| **Tier 1**                                  | 1x                                                | $600                                              |
| **Tier 2**                                  | 2-4x                                              | $1200-$2400                                       |
| **Tier 3**                                  | 4-8x                                              | $2400-$4800                                       |
| **Tier 4**                                  | 8-15x                                             | $4800-$9000                                       |

{% hint style="danger" %}
The personal allocation depends on your veSHN balance, the deal size, and other supporters’ interest in that deal.
{% endhint %}


# Contributors

Get involved and rewarded for supporting the community and incubated projects.

There are two general types of contributors:

* Open bounty contributors
* Talents & advisors (Frens) network

## Open Bounty Contributors

Anyone can become a contributor by joining our [Discord](https://discord.com/invite/awSN2gUTJB) and starting contributing to open quests and bounties for ShineDAO and our projects (**#💰bounties** channel).

## Frens Network

The frens network comprises of vetted individuals and frens from other well-established projects, and DAO service providers. They support ShineDAO in sourcing and evaluating projects, participate in SEED, and offer services and consultations to our projects.

For concrete milestones and deliverables, frens are rewarded with SHN or stables.

To ensure long-term "skin in the game", projects can choose to SWAP their native tokens with SHN (or sign a SAFT) and use SHN to incentivize individuals from the frens network. Their native tokens are vested to veSHN holders.

To become a part of the frens network, please complete [onboarding](https://shinedao.finance/onboarding/) and mention what value you can bring in **#👋introductions**.

{% embed url="<https://docdro.id/RXLlHi0>" %}


# SHN Token

<div align="center"><img src="/files/5AEsblKY1Csd9LuRwYk2" alt="SHN Token Logo"></div>

SHN Token is a **multichain token** with a maximum supply of **100M**. It is minted on the *Ethereum Mainnet (ERC-20)* and currently fully supported on the *Polygon (Matic) Network, Optimism & Arbitrum*.&#x20;

<table><thead><tr><th width="258">Network</th><th>SHN Token Contract Address</th></tr></thead><tbody><tr><td><img src="/files/5UyHnpWQAPP76HXHG9fw" alt="" data-size="line"> <strong>Ethereum Mainnet</strong></td><td><a href="https://etherscan.io/token/0x1c7ede23b1361acc098a1e357c9085d131b34a01"><strong>0x1C7ede23b1361acC098A1e357C9085D131b34a01</strong></a></td></tr><tr><td><img src="/files/FqchgrRB3n8rvU2uVc8X" alt="" data-size="line"> <strong>Polygon (Matic)</strong></td><td><a href="https://polygonscan.com/token/0x53d76f967de13e7f95e90196438dce695ecfa957?a=0xEea5B2889BF36695d45bFD2071c2499065831B0A"><strong>0x53d76f967de13e7f95e90196438dce695ecfa957</strong></a></td></tr><tr><td><img src="/files/7cey5ViU7JNOvFB38I8L" alt="" data-size="line"> <strong>Optimism</strong></td><td><a href="https://optimistic.etherscan.io/token/0xce1bffbd5374dac86a2893119683f4911a2f7814"><strong>0xCE1bFFBD5374Dac86a2893119683F4911a2F7814</strong></a></td></tr><tr><td><img src="/files/m9uruG44hW0qplU4JfWP" alt="" data-size="line"> <strong>Arbitrum</strong></td><td><a href="https://arbiscan.io/token/0x9b17baadf0f21f03e35249e0e59723f34994f806"><strong>0x9b17bAADf0f21F03e35249e0e59723F34994F806</strong></a></td></tr></tbody></table>

SHN can be locked and staked as [veSHN Token](/dao/veshn-token).

{% hint style="info" %}
Please note that [veSHN Token](/dao/veshn-token) contracts are deplyoed on *<mark style="background-color:yellow;">**Polygon (Matic) Network**</mark>.*
{% endhint %}

{% embed url="<https://www.coingecko.com/en/coins/shinedao>" %}

{% embed url="<https://coinmarketcap.com/currencies/shinedao>" %}


# How to buy SHN?

## DEX

<table><thead><tr><th width="113">Network</th><th>DEX</th><th>Pair</th><th>Pool Info</th></tr></thead><tbody><tr><td><h3><img src="/files/5UyHnpWQAPP76HXHG9fw" alt="" data-size="line"></h3></td><td><h3>Uniswap</h3></td><td><h3><a href="https://app.uniswap.org/#/swap?inputCurrency=ETH&#x26;outputCurrency=0x1c7ede23b1361acc098a1e357c9085d131b34a01">SHN / ETH</a></h3></td><td>Find pool info <a href="https://v2.info.uniswap.org/pair/0x165c6e50ed0ced21c0192fac26c1affb0dea5c28"><strong>here</strong></a>.</td></tr><tr><td><h3><img src="/files/FqchgrRB3n8rvU2uVc8X" alt="" data-size="line"></h3></td><td><h3>Quickswap</h3></td><td><h3><a href="https://quickswap.exchange/#/swap?inputCurrency=0x0d500b1d8e8ef31e21c99d1db9a6444d3adf1270&#x26;outputCurrency=0x53d76f967de13e7f95e90196438dce695ecfa957">SHN / MATIC</a></h3></td><td>Find pool info <a href="https://info.quickswap.exchange/#/pair/0xf6467b4178d54251d253ac0095f31444f0f6efbc"><strong>here</strong></a>.</td></tr><tr><td><h3><img src="/files/FqchgrRB3n8rvU2uVc8X" alt="" data-size="line"></h3></td><td><h3>Quickswap</h3></td><td><h3><a href="https://quickswap.exchange/#/swap?inputCurrency=0x2791bca1f2de4661ed88a30c99a7a9449aa84174&#x26;outputCurrency=0x53d76f967de13e7f95e90196438dce695ecfa957">SHN / USDC</a></h3></td><td>Find pool info <a href="https://info.quickswap.exchange/#/pair/0x4f6a32ab4bd12f81291059ca01d01edc1d1870f6"><strong>here</strong></a>.</td></tr></tbody></table>

## Strategic OTC Deals

For purchases >1m SHN, we are offering strategic OTC deals.

<table><thead><tr><th width="147">SHN Amount</th><th width="252">Discount (slippage included)</th><th>Token Vesting</th></tr></thead><tbody><tr><td>1m</td><td>15%</td><td><p>50% - released instantly</p><p>50% - 12m linear vesting</p></td></tr><tr><td>2m</td><td>25%</td><td><p>50% - released instantly</p><p>50% - 12m linear vesting</p></td></tr><tr><td>4m</td><td>35%</td><td><p>50% - released instantly</p><p>50% - 12m linear vesting</p></td></tr></tbody></table>

All strategic OTC deals must be approved by the DAO case by case.

100% of recourses will be used to buy back SHN from DEX via TWAMM-like mechanism.

## Strategic SWAP Deals

We are willing to perform strategic token SWAPs with communities that align with our values and have equally promising potential.

All strategic SWAP deals must be approved by the DAO case by case.


# How to bridge SHN?

ShineDAO is using [Multichain](https://app.multichain.org/#/router) router to bridge SHN across all supported networks.

<figure><img src="/files/HCl7bmMbYuyP17RPnRoi" alt=""><figcaption></figcaption></figure>

To learn more on how to use Multichain router please refer to their documentation:

{% embed url="<https://docs.multichain.org/getting-started/how-to-use>" %}

{% embed url="<https://twitter.com/ShineDAO_/status/1583479753771655177>" %}


# How to add SHN To MetaMask?

To add SHN in your MetaMask, go to Import Tokens -> Custom Token -> ([copy token address](https://docs.shinedao.finance/dao/shn-token#token-contract-addresses) for respective network).

<figure><img src="/files/F1bhioZTlke2HOoqqRX0" alt=""><figcaption></figcaption></figure>


# Token Distribution

ShineDAO raised funds to shift into the next gear with product development, providing liquidity, and incentivizing the most active community members.

![](/files/njn3EHVWAI5C9hcCyouV)

![](/files/3Ps95dlTeRm9pil0R7L6)

![](/files/6LXT4yIn6NvWE2vKvXVQ)


# veSHN Token

veSHN is the new non-transferable governance token of ShineDAO. Its vesting and yield system is based on Curve’s veCRV mechanism.

SHN holders can now lock their SHN for a maximum of 4 years and get benefits proportional to their lock time. veSHN decays slowly over the locking period, eventually reaching 1-1 with locked SHN, at which time the users can redeem the veSHN back for SHN. Users can also get additional veSHN by locking more SHN or extending the lock period.

`1 $SHN + 4-year lock = 4 $veSHN, decaying to 1 $SHN`

{% hint style="warning" %}
It should be noted that each account can only have a **uniform lock time**: A single address cannot lock certain SHN tokens for 2 years then another set of SHN tokens for 4 years etc.
{% endhint %}

veSHN is launched on the **Polygon** **Network**. Users should bridge their SHN to Polygon Network.

{% content-ref url="/pages/YSbfTYBJiFfwcMgXkFMp" %}
[How to bridge SHN?](/dao/shn-token/token-distribution-1)
{% endcontent-ref %}

## Why Max. Lock SHN?

### 1. Private Deals Acces&#x20;

veSHN acts as an access token for private deals. Users can get up to **75% discount** on access with a 4-year lock.

### 2. Boosted SHN Yield

veSHN holders are eligible for sustainable SHN yield coming from buybacks (OTC fees + treasury yield). The individual distribution weight of the amount locked depends on the lock duration. Users get up to **4x weight** with a 4-year lock.

### 3. Boosted Project Token Distribution

veSHN holders are eligible for vested token distributions from SWAP. The individual distribution weight of the amount locked depends on the lock duration. Users get up to **4x weight** with a 4-year lock.

{% hint style="info" %}
This feature is currently in development.
{% endhint %}

### 4. Higher Governance Power

Each veSHN has 1 vote in governance proposals. Staking SHN for the maximum time (4 years) generates 4 veSHN and up to **4x voting weight on your SHN**.

Find more about governance:

{% content-ref url="/pages/-MST7tYUmQrl\_9safv5D" %}
[Governance](/dao/governance)
{% endcontent-ref %}


# How to lock SHN?

Given that you already have SHN on your **Polygon (Matic) Network**, you can proceed on the page below:

{% embed url="<https://app.shinedao.finance/veSHN/>" %}

## **1. Lock**

Enter the amount you want to lock and select the lock time. You will be able to see your initial veSHN balance. After approving a lock, you will be able to create a lock.

<figure><img src="/files/Ydot64auUPdI9zXi4th4" alt=""><figcaption></figcaption></figure>

## **2. Stake**

In the staking section, you will be able to see base and max APR along with other relevant info. Base APR is representing reward for minimum lock (7 days), and max APR is representing reward for maximum lock (4 years).

Please click “STAKE” to make sure your veSHN is eligible for rewards from rewards contracts.

<figure><img src="/files/TWGvRHWWOLd3MdqG4GQg" alt=""><figcaption></figcaption></figure>

## **3. Claim**

In the claim section, you will be able to see your rewards and claim them.

<figure><img src="/files/dQ7mYK2Cl6G1gWVV2oUD" alt=""><figcaption></figcaption></figure>

## **4. Withdraw**

Withdraw will allow you to exchange your veSHN for SHN once the lock expires. The button will appear once the lock expires.

## **5. Increase veSHN balance**

To increase your veSHN balance you can either lock more SHN or increase the lock.

<figure><img src="/files/cinfA3suBO6YG5mIGUkx" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
It should be noted that each account can only have a **uniform lock time**: A single address cannot lock certain SHN tokens for 2 years then another set of SHN tokens for 4 years etc.
{% endhint %}


# Overview

ShineDAO incubator is a **self-govern community** on a mission to **fund** and **support** the most promising Web3 & DeFi innovators.

The incubator was designed to encode incentivized relationships and align interests between projects, supporters, and contributors while sustainably growing the treasury and SHN token price.

&#x20;The key products offered by ShineDAO Incubator are SEED and SWAP.

![](/files/WcwowQ0H85dns2SwgolC)

### SEED <a href="#seed-3" id="seed-3"></a>

SEED allows Web3 and DeFi projects to request funding support from selected ShineDAO supporters (veSHN holders). Contributors facilitate the SEED proposal process and coordinate the SEED event upon approval from supporters. Supporters collectively approve the project they are interested in supporting through ShineDAO.

SEED event allows supporters with necessary veSHN balances to purchase tokens. Their veSHN balance also impacts their individual allocation. Project tokens are distributed to supporters over a negotiated vesting period, to align incentives long-term.

Supporters pay a fee which, together with the weekly yield from the treasury, is used to compensate for the efforts of contributors in sourcing projects and facilitating the process, while creating a strong incentive to lock SHN in the veSHN contract. Thus, there is no conflict of interest between supporters and contributors.

Besides capital, projects can expect feedback, advice, and ideas from their supporters.

![](/files/mXBlzQRB2tzxfjOdIqHD)

### SWAP <a href="#swap-4" id="swap-4"></a>

SWAP allows Web3 and DeFi projects to get execution support from the talents & advisors network or allocate resources for open bounties. Every individual in the talents and advisors network is screened, and either has extraordinary achievements from their past positions or has proved themself by contributing to previous ShineDAO open bounties.

To incentivize individuals in the network, projects can request to swap their (often illiquid) project tokens with SHN and define milestones. Contributors facilitate the SWAP proposal process and coordinate the SWAP event upon approval from supporters.

Supporters collectively approve the project they are interested in supporting by allowing them to swap their tokens with SHN and access the talents and advisors network. To ensure long-term alignment, project tokens are vested to the veSHN holders and expand the DAO treasury.

Contributors receive SHN as compensation and have the ability to either stake it and become supporters or sell it to the supporters who are looking for SEED access, or speculate on token reward distribution through veSHN.

![](/files/2P55F1QZrYZFCMOt1IhK)

## Treasury <a href="#treasury-13" id="treasury-13"></a>

The Shine treasury generates returns by having its assets fully deployed and utilized through yield farming. SHN in treasury grows in value due to buy pressure from the buyback mechanism, the inflow of new supporters looking to get into SEED, and supporters looking to benefit from SWAP. 50% of tokens in SWAP will be vested to the treasury directly. veSHN holders can exercise governance overall assets in the treasury.


# Projects

## What problems is ShineDAO solving for early-stage teams?

‌Early stage crypto teams require a certain mix of resources to develop their project in a quick and sustainable way. They need:&#x20;

* capital to cover costs (audits, individual salaries, deployment costs, legal audits, ...)
* advisors that possess expert knowledge,
* early-stage users that can provide feedback,
* ability to build trust and credibility,
* ambassadors helping with exposure,
* recourses to meaningfully reward the early community of contributors.

Web3 products are often open-source, decentralized, and community-owned. Traditionally, teams seek VC funding to obtain resources and scale up their development. The core defensibility of Web3 products comes from the community of stakeholders and their network effects. Therefore we believe that raising capital from the community of founders, devs, designers, bridge builders, community managers, influencers and early Web3 adopters is maximizing the chance of success.

## SEED & SWAP

‌We allow teams and communities to engage in new incentivized relationships throug SEED and SWAP. To find descriptions of SEED and SWAP, please refer to the [overview page](https://docs.shinedao.finance/community/overview).

### SEED: Sell your tokens (or SAFT) to get funding before IDO

1\. Capital for your project from DeFi and Web3 founders, devs, designers, bridge builders, community managers, and influencers

&#x20;   *Find more about Supporters:*

{% content-ref url="/pages/3nh6VZLSRilQc1TuaakL" %}
[Supporters](/dao/supporters)
{% endcontent-ref %}

*2.* 1 agreement, 100+ individuals with “skin in the game”

3\. Community of engaged early adopters

### SWAP: Swap your tokens (or SAFT) with SHN

1\. Access to 100+ ShineDAO frens (vetted individuals in talents and advisors network) that accept SHN as a payment

&#x20;   *Find more about Frens Network:*

{% content-ref url="/pages/PhGpiXZ483wWK1QbrjWO" %}
[Contributors](/dao/contributors)
{% endcontent-ref %}

2\. Ability to utilize own illiquid tokens to incentivize contributors

3\. 1 agreement, 100+ individuals with “skin in the game”

4\. Ability to stake SHN to get veSHN and all corresponding benefits

&#x20;   *Find more about veSHN:*

{% content-ref url="/pages/KnUToI3KJCUVTbMZqIDe" %}
[veSHN Token](/dao/veshn-token)
{% endcontent-ref %}

## Are you building a project?

{% embed url="<https://form.typeform.com/to/OElYo1Fe?typeform-source=app.gitbook.com>" %}


# Focus Areas

## Fundraising Support&#x20;

ShineDAO aims to provide a decentralized alternative to this process. By enabling supporters to back your project, we believe that we can surpass the value that is generated by traditional VCs whilst keeping incentives in check and giving founders a peace of mind. We believe 100s of supporters will bring more value to your project than a few VCs.

## Building a Community&#x20;

When developing most crypto projects, teams source capital from a small subset of investors on a private sale, build a product in isolation, launch the product, and then expect a wider community to automatically take interest in an unfamiliar project. Having a healthy community is not only a benefit in the initial phase of a project, but once a community is established, organic growth becomes easier to obtain for future projects, spin-offs, or add-ons. The initial establishment of a community has long-lasting positive effects.

ShineDAO helps early-stage crypto projects by introducing them to a helpful community from day one. Furthermore, once the project is launched, the investors and contributors from the ShineDAO naturally follow the projects in their journey to create their own dedicated community, be it through organic growth or marketing efforts.

## Early-Stage Engagement&#x20;

A common way for early-stage crypto teams to find their initial adopters is to conduct an airdrop of tokens for OG community members. This is not an optimal approach as the project is essentially giving away tokens in exchange for someone just being at the right place at the right time without providing any value to the project. Furthermore, even if they receive the tokens, there’s no guarantee that this will incentivise them to start contributing to the project.

We reward our community for being active and generating value for the incubated project, be it through feedback or in any other way the project requires outside help. By having mechanisms in place where project members can get multiple viewpoints on a proposal, we enable them to create better products at a faster pace.

## Enabling Rapid Feedback&#x20;

Early blockchain teams need an environment in which they can test their ideas and exercise trial-and-error without jeopardizing the trust of their community. Trail-and-error provides valuable insight into what aspects of the product do not work and needs to be changed. However, there is a risk that the community sees these learnings as mistakes or sloppy execution, which could affect the legitimacy of an early project. At ShineDAO, we create a safe space where projects can propose ideas, get rapid feedback and iterate on their product.

## Creating Reach&#x20;

Awareness and buzz is important beyond a doubt, and the earlier a project can reach out to a potential user base, the better. A healthy community is a key enabler to create awareness, but it might not be enough to create the reach that's needed. ShineDAO helps projects to grow their exposure through contributors and advisors. The contributors and advisors will receive tokens of the incubated project, which incentivises them to promote and spread the word about the project.

## Advisor Access&#x20;

Blockchain startups often have limited access to top advisors in the industry that possess valuable insights. This coupled with trust issues explains why most successful projects in 2022 are being funded by traditional venture capital firms rather than by a decentralized community in early stages of the project. ShineDAO provides sector-specific and operational experts that support projects with valuable insights, taking into account their specific needs. Advisors are hand-picked for each specific project and are rewarded tokens from the incubated project for their efforts and contributions.

## Token Utility Design&#x20;

Token economics is one of the biggest challenges when designing blockchain protocols. We support defining robust models including the governance system, the revenue sharing mechanisms, and the ease of access for users.

We see each protocol as unique when it comes to the specific utility of their token. This, together with the fact that each project is solving a specific problem, leads us to have a tailored approach to the token valuation for each project.

We believe that there’s great power in designing sound mechanisms and incentives for token holders, and it is one of our main focuses when incubating new projects. This ensures that participant behaviors are fair, robust and result in a better project overall.

## Code Reviews & Security Audits&#x20;

Releasing unaudited protocols has already caused huge scandals in the past. We establish cross-team code reviews, community reviews, and reach out to advisors that help plan project security infrastructure. Before we list a project for IDO, we conduct security audits to minimize investor risks and publish them to create transparency on the efforts we take.

## UX/UI Design & Branding&#x20;

At ShineDAO, we strongly believe no user should watch a YouTube video to understand how to use a product. Good design removes friction and makes using products intuitive by giving users enough information so they can proceed to make decisions with high confidence at every step in their customer journey.


# Project Assessment

What do we take into account before incubating a project?

## Business Model&#x20;

* How compelling are the product idea, problem, and solution?&#x20;
* How is the project going to become sustainable (earn/make money)? How quickly can they do that?

## Market&#x20;

* What market share can a project take?&#x20;
* What do the competitors look like?&#x20;
* What are their advantages over competitors?&#x20;
* What is the use case of the project?&#x20;
* What legacy infrastructure is the project trying to replace?

## Technology&#x20;

* What is the technology used?&#x20;
* Is it open source?&#x20;
* Is it unique?&#x20;
* How difficult is it to apply?&#x20;
* What are the use case(s) it aims to cater?&#x20;
* What is the planned roadmap for MVP, upgrades, and new features?

## Core Team&#x20;

* Have members undertaken successful ventures in the concerned industry previously?&#x20;
* Is their expertise sufficient to reach their projected milestones?&#x20;
* Have they been involved in any questionable projects or scams?&#x20;
* If there is no team, what does the developer community look like?&#x20;
* How does the activity on GitHub look like?&#x20;
* Do the founders have the skills and vision to succeed? Experience and competence play a major role.&#x20;
* Are there the right people in the team in addition to the founders, including experienced consultants?

## Funding&#x20;

* Has the project received any funding?
* Is the project listed at any exchange or DEX?
* What is the supply and distribution scheme?

## ShineDAO Support&#x20;

* What kind of support would they be expecting from ShineDAO?
* What is the time to market without ShineDAO involvement?
* How many tokens would they be willing to provide for the ShineDAO community allocation during the incubation period?

## Risks/Red Flags&#x20;

* What does the wide community think about the project?&#x20;
* Are there any red flags raised?&#x20;
* Do the goals seem realistic?&#x20;
* Has there been noticeable progress or growth?&#x20;
* Have there been any media posts?&#x20;
* Does all the information provided correspond to the truth?


# Kassandra

[Kassandra](https://kassandra.finance/) is a decentralized autonomous organization that governs a set of tokenized data-driven investment funds, bringing a new class of investment products to the DeFi ecosystem: actively managed investment baskets without compromising the pillars of decentralization.

## For Managers

Kassandra is a plug-and-earn solution to port complex money management strategies to decentralized ecosystems, saving time and costs when compared to the traditional market, helping managers to raise funds without the need for complex infrastructure.

## For Investors

Kassandra democratizes access to robust data models and quantitative analysts leveraging portfolio optimization and potential gains.

![](/files/cDuCJhTjYsIfAngQTsBT)


# DeFi Options

**DeFi Options** is an open source decentralized options trading platform targeted at Layer 1 and Layer 2 chains, allowing users to buy, sell, and write cash-settled European call/put option tokens.

Our flexible structure allows traders to access or spin up their own on-chain peer-to-pool options trading liquidity pool where they control the rules (i.e set traded underlying assets, select price oracles, define pricing models, determine trading spreads, adjust permissions for traders and LPs, etc).

![](/files/nQCapV4QmGI2rKpsnYYE)

## Mission

To provide an attractive, dynamic environment for both options traders and options writers for trading not only crypto options, but also foreign exchange options, commodity options and more.‌

## Vision

Our protocol was built with scalability and flexibility in mind, and will be able to support all Ethereum/EVM-compatible chains, while bringing a more capital efficient collateral allocation model and diversified options offer to DeFi.

We believe options writers should be rewarded for absorbing the risk of issuing options. We also believe options buyers should have access to fair prices. And with these beliefs in mind, we designed the DeFi Options protocol.

We invite you to visit our [GitHub page](https://github.com/DeFiOptions) for reviewing our source code, and to join our [Discord Server](https://discord.gg/WCeKgHNz3z) for keeping up with the protocol's latest developments.


# Degen News

{% embed url="<https://app.shinedao.finance/news/>" %}

## What is Degen News?

Degen News is a crypto news platform where users can submit articles and upvote articles from other users. In this way, we are always showing you the best and latest hot crypto news.

## How does it work?&#x20;

While anyone can read the news and submit new articles, but only onboarded users can upvote existing articles. If you still haven't completed the onboarding you can finish it [here](<https://shinedao.finance/onboarding/ >). Articles are ranked based on the upvotes and recency of the article. **The more SHN tokens you have in your wallet the more voting power you have**. Recently submitted articles will also rank higher.

You can find more info on getting SHN in [SHN Token](/dao/shn-token) section.&#x20;

## What type of stuff can I post on Degen News?&#x20;

In general, everything is crypto-related. However, what we expect will rank higher is the type of stuff considered "alpha" in crypto.

## Will Degen News ever have its own token and DAO?

👀

{% embed url="<https://twitter.com/Degen_News>" %}