Greetings to the Kujira & Shade community!

In this highlight series, we at Shade Protocol are thrilled to introduce our partner projects for the upcoming Cosmos Stablecoin Summit in December. This provides viewers with 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

• FRAX

• Nuon

• Comdex

• Agoric

• Shade Protocol

• Duality

• Kujira

• Axelar

• Jack Zampolin

Kujira: A Semi-Permissioned Sovereign Cosmos Layer 1 Platform

Kujira is a semi-permissioned sovereign Cosmos Layer 1 platform for community-selected projects that create true value. As a hub of innovative, revenue-generating products with excellent UX, Kujira aims to revolutionize DeFi and transform payment infrastructure. Sustainable high-quality offerings allow retail investors to go beyond exchanges, staking, and ICOs, and access opportunities once reserved for the whales and elites.

USK: An Over-Collateralized Cosmos Stablecoin

One of the flagship products of Kujira is USK - an over-collateralized Cosmos stablecoin soft-pegged to USD initially backed by ATOM, DOT & wETH. In addition to USK, the Kujira ecosystem has a variety of supporting dApps that enhance the utility and optionality of USK:BLUE (dashboard for staking & bonding)BOW (liquidity hub)FIN (on-chain orderbook)ORCA (liquidation platform)USK tokens can be minted only by locking up crypto such as ATOM as collateral and borrowing USK against them for a 5% interest and a 0.5% minting fee. The fees that USK accrues will be distributed among KUJI token stakers.

USK's Potential Success in the Cosmos

With many stablecoins being released in the Cosmos, here are the reasons the Kujira team is optimistic about the potential success of USK:Kujira pioneered a top-grade liquidation queue for Anchor ProtocolAs a native Cosmos stable, $USK gives $ATOM another use case driving value accrualRust is an expressive codebase for $USK and easily allows for more technical complexity as compared to JavaScript or Solidity - improving the potential utility of USK compared to something like DAI.$USK, key infrastructure, is sovereign, un-censorable, and revenue generating

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.