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SHORES is the planned token of the Shores protocol, issued by the Shores Foundation, a Cayman Islands foundation company. It is separate from shUSD: shUSD is your share of a lending vault; SHORES is the protocol token.

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Timing

The TGE is planned for 24–36 months after launch. SHORES is not deployed yet. Any token claiming to be SHORES before then is not Shores.

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What SHORES is not

  • Not a revenue share. SHORES carries no right to protocol revenue and no distributions.
  • Not a claim on vault assets. SHORES holders have no claim on the loans or on any vault. The Foundation is walled off from the vaults.
  • Not shUSD. Holding SHORES earns no lending yield.

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Planned uses

  • Governance over protocol parameters, introduced over time. See Governance.
  • Points conversion. Points earned by staking shUSD are planned to convert to SHORES; terms to be announced. See Points.

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Exchanges

None. SHORES is not yet issued.

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Tokenomics (planned)

Everything in this section is planned and can change before the TGE.

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Supply and allocation (planned)

[TBD: total supply, allocation table, vesting and unlock schedule]

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Points allocation (planned)

A portion of supply is planned for the points program. [TBD: points allocation and conversion terms]

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Foundation fee share (planned)

The Shores Foundation is planned to receive 30% of protocol fees. See Fees.

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Reserved buyback right (planned)

After public milestones, the Foundation may use its fee share for open-market SHORES buybacks. This is a right, not an obligation, and buybacks would come only from fee revenue. [TBD: confirm milestone wording for publication]