Stablecoin Summit Protocol Highlight – Agoric & IST

Greetings Agoric & 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:

  • Agoric
  • Comdex
  • Shade Protocol
  • Duality
  • Kujira
  • Axelar
  • Jack Zampolin

Eventbrite Registration – Set Event Reminder

Agoric – Deploying Secure DeFi In Javascript

Agoric is a smart contract platform built on the Cosmos SDK and with Tendermint Proof-of-Stake (PoS) mechanism and a native asset to secure the network. In a nutshell, the Agoric chain enables developers to create decentralized applications using assemblage JavaScript smart contracts. Furthermore, it contains built-in decentralized finance (DeFi) building blocks, allowing Agoric to support a second local currency for facilitating economic activity and maintaining a healthy ecosystem. [credit]

Agoric has two key tokens:

  • BDL (governance token of Agoric)
  • IST (flagship stablecoin of the Agoric economy)

Agoric Whitepaper

With 12,000,000+ Javascript developers globally, Agoric plans to open the gateways to mass developer adoption – ushering a new era of rapid DeFi development using a universally accepted and appreciated coding language.

Agoric is developing a secure distributed object-capabilities (OCap) platform for smart contracts and market-oriented programming. The platform supports the development of smart contracts and market institutions across many different scales, from large public blockchains to small two-party contracts. [credit]

The OCaps platform consists of the following:

  • A robust architecture for building secure smart contracts.
  • A foundation in JavaScript for maximum reach.
  • A cryptographic routing fabric for inter-chain interoperability.
  • A library of market abstractions and a framework for securely composing them.
  • A framework for secure user interaction.

IST – The Inter Protocol Stablecoin

The Inter Protocol token “IST” is a fully collateralized, cryptocurrency-backed decentralized stable token for the interchain ecosystem on the Agoric chain. IST is designed to maintain parity with the USD for broad accessibility and provide Agoric and the interchain ecosystem users an asset with minimum price volatility. In addition, IST is the native fee token for the Agoric platform and provides some of the core functionality and stability for the Agoric cryptoeconomy. [credit]

IST achieves its stability with three different market based arbitrage mechanisms that work together to maintain parity with the USD. These three concurrent mechanisms use different assets, work at different speeds, and track from a wide to a narrow band of parity to maximize the opportunities for arbitrage to bring IST back to parity in the case of a divergence from USD.

Leveraging the power of IBC, IST has a clear path to playing a key role in the interchain economy of Cosmos.

Agoric – The Team

To learn more about the Agoric team (20+ individuals) visit the Agoric website to learn more about this team and their mission!

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Stablecoin Summit Highlight - $USK

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 over-collateralized stablecoin pegged to a basket of global currencies and commodities, 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.

Join The Shade Protocol Community

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The information provided in this Post pertaining to Shade Protocol, its crypto-assets, business assets, strategy, and operations, and is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Shade Protocol and its contributors and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Shade Protocol expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Shade Protocol core contributors reserve the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Post supersedes any prior Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Shade Protocol nor any of its core contributors shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Post by you or any of your representatives or for omissions from the information in this Post. Additionally, Shade Protocol core contributors undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Post.

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