# Welcome

### Welcome to SHIFT

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SHIFT issues bi-directional, leveraged Series Tokens that track major equities, indices, ETFs, and ETNs. Each token is fully backed 1:1 by the corresponding underlying ETF held through regulated brokerage rails. Tokens are non-custodial SPL tokens on Solana, with zero liquidation risk.
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### Overview

SHIFT is the first liquidation-free leveraged real-world-asset protocol. SHIFT is currently live on Solana, with BNB Chain support coming soon.

SHIFT issues Series Tokens that give holders direct, bi-directional, leveraged exposure to major equity markets:

* **Long Series:** 2× and 3× exposure to single names (e.g. Tesla), sector indices (e.g. SOXX semiconductors), broad indices (e.g. S\&P 500), and commodity ETFs (e.g. uranium)
* **Short Series:** 1×, 2×, and 3× inverse exposure on the same underlyings take the other side without a margin account

Each Series Token is an SPL token. Holders custody the token in any Solana wallet. There is no liquidation engine and no forced close.

SHIFT operates a two-token architecture at the protocol level:

* **Series Tokens:** the user-facing Series’ membership interest tokens for leveraged products, for example TSL2L, TSL1S, SOX3L, SOX3S, SPX3L, SPX3S, URA2L (additional Series added over time)
* **$SHFT:** the future protocol token, used for governance and rewards distribution


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```
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