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.

Protocols and Speakers at the Cosmos Stablecoin Summit

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

• Agoric

• Comdex

• Shade Protocol

• Duality

• Kujira

• Axelar

• Jack Zampolin

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.

Agoric has two key tokens:

• BDL (governance token of Agoric)

• IST (flagship stablecoin of the Agoric economy)

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. To learn more, read the Agoric Whitepaper.

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

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 insome 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.