We build solutions and manage collateral with institutional partners globally to facilitate lending. Here's a demo of a project built with a Singapore Government owned company.
ShuttleOne is undergoing licensing procurement under the new Payments Act in Singapore where Digital Payment Tokens (DPT) and Virtual Service Asset Providers (VASP) are required to comply by law to regulatory obligations.
Please KYC here.
Yes we have completed 1 audit with Peckshield.
Please refer to the SZO Code Audit here.
ShuttleOne deploys the ethereum blockchain for recording keeping of transactions, identity representation and smart contracts to automate processes.
ShuttleOne believes in the power of decentralized networks (i.e no central point of failure), We do not guarantee user funds, while we try to at best mitigate every possible scenario, please go through our Risk Management & Disclaimers to understand your risks.
We will be launching a direct fiat to crypto onboarding network in a mobile wallet.
ShuttleOne deploys the blockchain technology on Ethereum to deliver Trade Facility and calculate interests and fees calculation.
Interest are paid out per block on the blockchain which is estimated to be around 15 second per block generation. These returns are generated via real world assets.
interest rate per second
the number of times the interest is compounded, compounding is once per second, so "n" is seconds past since last calculation
Nominal interest rate (5% would be 0.05)
Annual Percentage Rate (APR)
constant, seconds in a year: 3600 * 24 * 365 = 315360003600⋅24⋅365=31536000
If there are more demand for liquidity for loans, and assuming the borrower passes credit risk scoring the borrowing will generate a higher APY% returns for your stablecoins.
A user may choose to secure the network longer by leaving the liquidity supply in the network that generates earnings 24/7. The longer in time the supply of liquidity the more rewards are mined/farmed.
We will launch ShuttleVaults according to the roadmap. More details to follow.
The Early LP Program Token is locked for 9 months, these tokens are reserved for our beta testers that has helped ShuttleOne test out our early products.
There are no difference in reward structures and reward numbers. Early LP Program participants will need to deposit a min of US$50 to unlock their tokens in the same mining structure.
ShuttleOne is in early testnets modelling of the tokenizing of BTC and ETH that generates return for our suppliers. We are also going to introduce governance and ShuttleOne Vaults. ShuttleOne is also going to introduce NFTs for Lien and Bank instrument products.
Here's a detailed showing of our roadmap past and present:
ShuttleOne uses szTokens to represent the pool of underlying realTokens (Dai, USDT, USDC) and calculate rewards and profits that is done in the business. When a user withdraw, szTokens are taken out of the pool and can be swapped 1:1 with the underlying realTokens.
The amount of szToken in representation of realTokens do not then accrue value once it is withdrawn.
These are our official channels of communication: