TM Rating: 75% |
Review Date: January 26th, 2022
Shade Protocol is an array of distributed and interconnected privacy-preserving DeFi products that leverage the full capabilities of Secret Contracts on Secret Network. One of the primary value capture mechanics for Shade within this suite of DeFi applications is a result of consistent burn mechanisms that help increase the scarcity of Shade and by extension its value.
Silk is the ﬁrst application of Shade Protocol. Silk is Secret Network's native privacy-preserving stablecoin that will undergird all the other Shade Protocol applications that are created. We can compare Silk and Shade tokens in the way they work to how UST and Luna
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