Shell's ultimate goal to connect our species by creating an internet monetary system accessible to all.

Our first step in this journey is to create an automated market maker optimized for stablecoin-to-stablecoin trades. In addition to creating deep liquidity for stablecoins, Shell pools have a few attributes worth emphasizing:

-pools can have target weights (e.g. 20% Dai) -pools have minimum and maximum allowable weights (e.g. 10% Dai, 20% Dai). Without this, a broken stablecoin peg will drain the entire pool -pools have dynamic fees, which will increase liquidity provider yields -the AMM model works equally well for BTC and ETH staking derivatives

Liquidity providers who deposit their tokens into a pool receive shell tokens in return (hence the name of the protocol). Shells are effectively a diversified portfolio of tokens that earn yield and are natively liquid.

Overtime, the Shell pools will evolve into a stablecoin interoperability protocol that can abstract away the underlying tokens and allow end-users and developers to feel like they are using money.

[NOTE: the formal model in our white paper linked below is out of date and we are currently working on a new white paper]