The DeFi protocol Shell v2 will be launched on September 12 and will initiate the Shell Points Program

Chain Catcher news, the DeFi protocol Shell announced that version 2 will go live on September 12, and it will launch the Shell Points program. The project stated that it plans to guide the growth of TVL through quotas, which will not directly limit the number of tokens users can trade or wrap into the Shell v2 liquidity pool, but only the tokens within the quota will count towards the Shell Points earned by users.

Specifically, about 50% of the initial quota will be allocated to liquidity providers in Shell v1 (snapshot date is September 1), and the other 50% of the initial quota will be distributed to holders of previously issued toucan NFTs (snapshot date is September 9).

It is reported that the Shell Protocol is a new DeFi primitive ecosystem that provides users with deep liquidity and interchangeable LP tokens. Shell v2 is based on two innovations: the AMM engine Proteus and the shared multi-token ledger Ocean. (source link)