Deposit sSCRT to mint Silk, an algorithmic privacy-preserving stablecoin. Enjoy a zero slippage entry into Silk - solving liquidity problems experienced on secondary markets.
Stake your Shade tokens to passively earn staking rewards, treasury rewards, arbitrage rewards, and stabilizer aidrops. 21 day unbonding period.
Convert between Silk and Shade with zero slippage - giving users lucrative arbitrage opportunities.
Shade Protocol can be used by anyone without sign up or restriction - all that is needed is a wallet compatible with Secret Network and SCRT - the native token of Secret Network.
Launch the Shade Protocol application and connect your Secret Network compatible wallet such as Keplr or Citadel.one. A Secret Network wallet is needed in order to maintain the SNIP-20 private and fungible token standard, ensuring your privacy and security.
Deposit your Secret Tokens for Silk or Shade. Conversions are calculated using contract integration with Band Protocol - a decentralized cross-chain oracle integrated onto Secret Network.
Use your newly minted Silk or Shade tokens to stake or liquidity provide, earning passive rewards in the form of Shade.
Silk is a privacy-preserving stablecoin pegged to $1 that can be minted on Shade Protocol using Secret Tokens and shade. Silk inherits the SNIP20 token standard, meaning all transactions with Silk are private.
The Shade Token ('shade' or 'SHADE') serves as the treasury, utility, arbitrage, and governance token of Shade Protocol. As more applications are launched and connected to Shade Protocol, shade will play an increasingly important role in the end user experience.
Listed below are key contributors and integrations that make Shade Protocol possible.