🐚SHELL Stablecoin

SHELL, the decentralized inclusive stablecoin

SummerTime's flagship product, the SHELL stablecoin, is setting out to make the value of these yield-bearing locked capital accessible without losing all their upsides.

SHELL is a decentralized, censorship-resistant, unbiased, over-collateralized backed stablecoin, soft pegged to the U.S Dollar.

SHELL borrowing (minting) is non-custodial. This means the user has complete control over their capital. The user can deposit their collateral, borrow SHELL (by minting) for an indefinite amount of time, pay back SHELL (by destroying) payback bit by bit or all at once, and withdraw their collateral, at their will, immediately.

Every SHELL token minted is backed by at least 150% of the yield-bearing collateral locked by the user. There's at least $2 backing every SHELL in circulation.

As an LP, SummerTime lets you keep the upside of your yield-bearing liquidity and be able to borrow up to 50% of your yield-bearing collateral by minting SHELL. Upon paying back their SHELL debt, they will regain access to their collateral immediately, which they must lock in their protocol-controlled provisioned vaults. The lending process is always over-collateralized. This ensures that the stablecoin always remains stable and the system stays safe. Liquidity providers can access additional funds while earning interest on their deposited assets.