Today we are proud to unveil SILK staking — an opportunity to earn meaningful yield in the form of SILK.

Combining inflation & volatility resistance with a safe yield opportunity, SILK is leveling up as the world’s most powerful stablecoin.

SILK has outperformed USD by nearly 19% since April 2023. Combining this outperformance with 10%+ staking yield at launch, SILK empowers stablecoins to enter into a new era where the yield earned is meaningful.

No longer are you stuck in the trap of needing to have your DeFi yields have to outpace inflation.

Buy SILK

Stake SILK

Recently, we revealed our plans for Shade and SILK to go omnichain. SILK staking is part of the first step of giving SILK a yield bearing homebase for its omnichain journey.

In addition to SILK staking, Shade Protocol will be aiming to soon launch dSILK — a liquid yield bearing version of SILK. This version of SILK will be the bedrock of the SILK economy, combining inflation resistance an earnings product all into one liquid token that be used to send / spend / trade / lend / and more.

Staking Rewards

Initial SILK staking campaigns will start conservative, with plans for a larger and more aggressive roll out as we approach the launch of ShadeX — the official Shade Protocol encrypted money market. SILK staking features instant unbonding, ensuring seamless entry and exit from the savings opportunity. The initial campaign for SILK staking will go for 30 days, with additional reward campaigns to be started in the future.

SILK staking rewards come from interest fees charged on SILK borrowers. SILK staking serves as a growth mechanism that positively generates more of the following:

- More SILK supply
- More interest fees
- More liquidations
- More trading fees
- Higher SILK Earn yield
- More SILK buyers

You can learn more about the game theory of growing a stablecoin by listening to the video above.

Conclusion

In conclusion, the unveiling of SILK staking and the upcoming launch of ShadeX and dSILK mark significant milestones in Shade Protocol’s journey towards revolutionizing decentralized finance. Our push to become the most secure omnichain private DeFi is stronger than ever.

Our focus on privacy, ease of use, and continuous improvement through continued iterative upgrades, Shade Protocol is not only shaping the future of DeFi but also empowering individuals to reclaim control over their finances and data. As the community eagerly anticipates the release of ShadeX and our omnichain expansion, Shade Protocol remains dedicated to its mission of building an unstoppable, decentralized financial ecosystem for all.

Website: app.shadeprotocol.io

Twitter: https://twitter.com/Shade_Protocol