what's Shade Protocol?
Shade Protocol is a privacy-preserving decentralized finance (DeFi) platform built on the Secret Network within the Cosmos ecosystem. It enables users to interact with DeFi applications while maintaining confidentiality of transaction details, balances, and strategies through encrypted smart contracts. Key products include ShadeSwap, a front-running resistant automated market maker (AMM); ShadeX, the world's first encrypted money market for private lending and borrowing; and SILK, a privacy-focused algorithmic stablecoin. By leveraging Secret Network's trusted execution environments (TEEs), Shade ensures private DeFi operations that are auditable and compliant without exposing user data.
Shade Protocol's SILK stablecoin is basket-pegged to multiple assets and valued at $1.52.
SILK stablecoin uses a basket peg weighted as: 33.7% Gold (XAU), 23.17% USD, 17.59% EUR, 13.63% BTC, 6.74% JPY, and 5.17% CAD, resulting in 1 SILK valued at $1.52 (52% above $1.00).
Integration with NEAR protocol announced, introducing Shade Agent functionality that uses account abstraction and chain signatures for trustless decisions.
Active liquidity deployment opportunity for stATOM with 40% APR available across multiple protocols for next 2 days.