Introducing Shade Protocol, the next-generation decentralized finance platform that puts user privacy first. The revolutionary platform offers a comprehensive suite of products including lending, stablecoins, bridging and decentralized exchanges, all while maintaining financial privacy.
Shade Protocol’s innovative use of private smart contracts allows it to not only obscure metadata while maintaining fast transactions and finality, but also to enable auditable privacy by leveraging viewing keys for regulatory compliance. As part of the Cosmos internet of blockchains, Shade Protocol is seamlessly interoperable with a wide range of other blockchain networks.
The firm seeks to cover everyone — whether individuals looking to take control of their financial privacy or a business or institution seeking a compliance-friendly DeFi platform. The Shade Protocol team believes that financial privacy is a fundamental right, not a luxury.
That’s why the team is so committed to empowering users to take control of their own financial sovereignty. With Shade Protocol, users can confidently and securely participate in the DeFi revolution on their own terms.
Silk — An overcollateralized stablecoin for private DeFi
Silk is an overcollateralized stablecoin pegged to a basket of global currencies and commodities. Silk is designed to maintain a stable value, tracking a basket that consists of USD, EUR, JPY, CAD, BTC and gold. This makes Silk an excellent hedge against inflation and volatility, empowering users to store value in a stable asset that is not subject to the same price fluctuations as other national currencies and cryptos.
One of the key features of an overcollateralized stablecoin such as Silk is that it’s backed by a larger value of collateral than the face value of the stablecoin itself. This means that there is a built-in buffer to absorb any price movements in the underlying assets. These overcollateralized mechanics can provide users with greater confidence that the stablecoin will maintain its stable value over time.
Shade Protocol is bringing a privacy-focused decentralized exchange to the Cosmos ecosystem with ShadeSwap. With a direct inclusion of a lending product and stablecoin into the ShadeSwap experience, ShadeSwap is well positioned to meet the various needs of users looking for performance, deep liquidity and privacy.
The following is a list of ShadeSwap’s key features:
- Traditional AMM curves
- Optimised derivative swaps
- IBC and Cosmos connectivity
- Tradeable private tokens
- Fast (6-second transaction times)
- Cheap (0.04% stablecoin trading fees)
- Native stablecoin (SILK)
Shade Lend for lending privately
Currently in cryptocurrency, lending products to date have exposed liquidation price points, empowering large whales to manipulate pools to attempt to cause cascading liquidations that are profitable. Using the power of privacy, Shade Lend protects users’ lending positions.
With Shade Lend, users can lock up collateral to mint out Silk. The overcollateralized mechanics of Silk are similar to MakerDAO, a well known lending product on the Ethereum blockchain.
Shade Bridge — Cosmos and IBC interface
Source: Shade Bridge
Launched in late December, Shade Bridge is a bridge interface built on top of IBC in the Cosmos and Secret Network ecosystem. Shade Bridge seamlessly onboards users into privacy-preserving DeFi.
The following are a list of key features of Shade Bridge:
- Generalized IBC token transfers
- Transferring assets into the Shade DeFi ecosystem
- Converting public assets into privacy-preserving equivalents
- Bridging private tokens like SHD and SILK to the broader Cosmos ecosystem
Shade Bridge is a key piece of Cosmos infrastructure that allows the internet of blockchains and their respective tokens to seamlessly leverage the power of IBC. Not only that, but never before has it been easier to empower assets with privacy and onboard them into Shade DeFi.
The following is a list of supported blockchains on the Shade Bridge:
Shade Protocol — The super-app for private DeFi
In conclusion, Shade Protocol represents a revolutionary step forward in the world of decentralized finance. By providing a super app for private DeFi, it empowers users to take control of their financial data and safeguard their privacy. With its cutting-edge technology, user-friendly interface, and commitment to security and anonymity, Shade Protocol is poised to become the go-to platform for anyone looking to participate in the decentralized finance revolution. As the demand for privacy-conscious solutions continues to grow, the Shade Protocol team believes that the ecosystem will play a pivotal role in shaping the future of finance.