Shade Protocol Overview
Shade Protocol is an array of connected privacy-preserving DeFi applications built on Secret Network. These key applications are stablecoins, governance, bonds, staking derivatives, insurance, synthetics, lending, DEXs, and more. Using the power of the Secret Network’s tech stack via secret contracts, all of the key Shade Protocol DeFi applications inherit the properties of programmable privacy.
Shade Protocol exists to solve the following (but not limited to) core problems that exist within Web3 DeFi:
● Transparent DeFi applications
● Fractured application-layer ecosystems
● Confusing user experience across multiple primitives
● Sovereign-currency pegged stablecoins
● Governance scalability
● Overcollateralized model inefficiencies
● Stablecoin legal landscape
Project Development
The Shade Road Map
Q3 2021
Whitepaper | MVP | Branding
Multiple whitepapers and documentation were created outlining the ambitious vision for Shade Protocol — bringing privacy to DeFi and empowering the next generation of unstoppable applications.
Q4 2021
Airdrop Calculator | Infrastructure | Funding Partners
Q1 2022
Airdrop | Tokenomics | Integration | Staking Derivatives
Q2 2022
Testnet | Audit | Mainnet Launch
Q3 2022
Synthetics | Listings | Partnerships
Q4 2022
Shade Protocol Application and Beyond
$SHD and $SILK
Shade Protocol uses the power of viewing keys with both Shade ($SHD) and Silk ($SILK), the two primary tokens of Shade Protocol.
$SHD is the native governance token of the Shade Protocol. It serves as a treasury, utility, arbitrage, governance, and revenue share token of Shade Protocol. It is used for staking, governance proposals, liquidity providing, transactions, bonds, and more. As more applications are launched and connected to Shade Protocol, SHD will play an increasingly important role in the end-user experience.
$SILK is the privacy-preserving stablecoin of Shade Protocol. SILK is pegged to a basket of global currencies and commodities, including gold, Bitcoin, USD, Euro, Yen, and more. Silk inherits the SNIP20 token standard, meaning all transactions with Silk are private.
1$SHD = 1$SILK
You can find full Shade Protocol Tokenomics here
About Shade Protocol and Silk
Shade Protocol is an ambitious array of application-layer products focused on a simple end-user experience that involves the incorporation of privacy by default. These interconnected privacy-preserving DeFi products built on Secret Network will change DeFi as we know it — empowering the next generation of value creation and exchange.
Silk is the first application of the Shade Protocol. Silk is Secret Networks native privacy-preserving stablecoin that will undergird all of the other Shade Protocol applications that are created.
To learn more about the Shade Protocol visit their official website.
Twitter | Telegram | Medium | Discord | Github | Shade Whitepaper | Silk Whitepaper
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About Citadel.one
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