Greetings FRAX & Shade community,

In this highlight series, Shade Protocol will cover our partner projects for the upcoming Cosmos stablecoin summit in December - giving viewers the opportunity to learn about these protocols in advance.The following is a list of protocols and speakers featured via the Cosmos Stablecoin Summit:

Protocols and Speakers at the Cosmos Stablecoin Summit.

The Cosmos Stablecoin Summit features the following protocols and speakers: Eventbrite Registration - Set Event Reminder

• FRAX

• Comdex

• Agoric

• Shade Protocol

• Duality

• Kujira

• Axelar

• Jack Zampolin

FRAX: A Fractionalized Stablecoin on Ethereum

The Frax protocol implements a unique two-token system design: a stablecoin, FRAX, and a governance token, FXS. This two-token system allows FRAX to be backed by both collateral and an algorithm, which involves the burning and redeeming of FXS. FRAX is minted when collateral and FXS are deposited into the Frax protocol contract.

When FRAX is trading above its peg, the collateralization ratio is relaxed, allowing users to mint out FRAX using a combination of stablecoins and the governance token (FXS). Conversely, when FRAX is trading below its peg, the collateralization ratio is tightened, allowing users to burn FRAX in order to redeem for underlying stablecoins. This elastic system allows FRAX to gradually react to changes in demand for the underlying stablecoin.

FRAX And Cosmos DeFi

Axelar, a partner of the Stablecoin Summit, is capable of bridging over ERC-20 tokens into the Cosmos, such as FRAX. FRAX will be readily available throughout the Cosmos and will be accessible for trade on DEXs that choose to list FRAX. Shade Protocol plans to list FRAX on its recently announced (and soon to be launched stableswap) ShadeSwap.

Highlighting FRAX Founder - Sam Kazemian

Sam Kazemian, founder of FRAX, is a speaker at the December 20th Stablecoin Summit. Sam founded FRAX in early 2019, making it one of the oldest decentralized stablecoin projects in all of crypto. Sam is well renowned for his deep understanding of traditional banking models - FRAX is one of the most innovative automated versions of banking crypto has ever seen.

You can follow Sam and FRAX on Twitter | Telegram | Discord | Github

Conclusion

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. Shade Protocol is launching Silk: a privacy-preserving collateralized, reflexive stablecoin built on Secret Network.

Without privacy, DeFi is incomplete. Traditional financial markets offer a degree of privacy for users, and as a result offer up greater protections in some capacity than existing DeFi markets. Shade Protocol will be the world’s first truly cohesive decentralized and privacy-preserving financial applications — ushering in a golden era for Web3. Shade Protocol will always push for privacy by default, privacy as an expectation, and privacy as the key to unlocking the full value of a decentralized future.

But we can’t do this without community. We need you to join our community and help make Silk and Shade Protocol a reality.

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Information provided in this post is for general informational purposes only and does not constitute formal investment advice. Please read the full disclaimer at shadeprotocol.io/disclaimer before relying on any information herein.