SHADE Protocol

Privacy for DeFi

Shade Protocol is an array of connected privacy-preserving DeFi applications built on Secret Network. Launching on Shade Protocol is Silk: an algorithmic stablecoin native to Secret Network with transactional privacy by default.

Silk Whitepaper

Shade Protocol Whitepaper

Shade Protocol

Mint Silk and Shade using Secret Tokens, stake Shade to enjoy passive rewards, and convert seamlessly between multiple assets.

Mint

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

Stake your Shade tokens to passively earn staking rewards, treasury rewards, arbitrage rewards, and stabilizer aidrops. 21 day unbonding period.

Convert

Convert between Silk and Shade with zero slippage - giving users lucrative arbitrage opportunities.

Turn Secret Tokens into Silk and Shade

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.

Connect Your Secret Wallet

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

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.

Stake or Liquidity Provide

Use your newly minted Silk or Shade tokens to stake or liquidity provide, earning passive rewards in the form of Shade.

Built on Secret Network

Secret Network is a layer one solution built with the Cosmos SDK leveraging proof-of-stake (PoS) consensus using Tendermint's Byzantine fault-tolerant algorithms. Secret Contracts on Secret Network achieve data privacy for Shade Protocol using on-chain encrypted data with Trusted Execution Environments (TEEs).

Scalable

Private

Secure

Interoperable

What are Silk and shade?

$1 Shade = 1 Silk

Silk is a native privacy-preserving algorithmic stablecoin

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.

Shade is the Native Governance Token of the Shade Protocol

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.

Join our community and stay connected

Contributors

Listed below are key contributors and integrations that make Shade Protocol possible.

The Shade Road Map

Q3 2021

Whitepaper | MVP | Branding

Q4 2021

Token Launch | SecretSwap

Integration | UX/UI Improvements

Q1 2022

Mainnet | Synthetics | Governance V2

Q2 2022

Global Yield Derivation | Synthesis Reward Activation

Q3 2022

Shade Protocol Leverage Product

Whitepaper

Multiple whitepapers and documentation was created outlining the ambitious vision for Shade Protocol - bringing privacy to DeFi and empowering the next generation of unstoppable applications.

MVP

The MVP stage brought extensive user testing, feedback, audits, and interations to Shade Protocol. During this iterative phase, Shade Protocol was transformed from its original form - resulting in an end product that delights users.

Mainnet

During this final stage, Shade Protocol is deployed to mainnet for users to begin using. With mainnet, Silk becomes available to the entire world of DeFi.