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ShardingDAO Review: Is It Still Worth Exploring?

ShardingDAO is described as an NFT fractionalization project with staking features, but its current status and practical details are unclear.

By the SkyBitcoins review team · Updated

SkyBitcoins rating

Not rated yet

At a glance

ShardingDAO key facts

ShardingDAO key facts
TypeNFT fractionalization and staking project
NetworkEthereum listed
TokenSHD referenced in 2021 documentation
AuditNo audit listed
Value locked$52.3K−0.8% 7d
Updated

ShardingDAO FAQs

What is ShardingDAO?

ShardingDAO is described as a project for splitting NFTs into fractional shares, or “shards,” that can be traded. It is also listed as offering WBTC and ETH staking with rewards.

Does ShardingDAO have a token?

SHD is referenced as ShardingDAO’s governance token in documentation from 2021, while another listing shows no token. Check the token contract and current status carefully before interacting with any asset claiming to be SHD.

Is ShardingDAO safe to use?

No audit is listed for ShardingDAO, and its current operating status is unknown. You should verify the contracts and whether the app is live before depositing funds.

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How we checked

Sources

  1. defillama.com/protocol/shardingdao(opens in a new tab)

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