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Shade Protocol launches private DeFi For Cosmos ecosystem
- Cointelegraph
- 2023-04-20
- 2495
- Industry
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Summary:Introducing Shade Protocol, the next-generation decentralized finance platform that puts user privacy first. The revolutionary platform offers a compr
Introducing Shade Protocol, a next-generation decentralized financial investment platform that prioritizes user privacy. This groundbreaking system provides a comprehensive set of products, including borrowing, stable currency, bridging mode, and decentralized trading centers, while maintaining personal privacy in the financial industry.
The breakthrough application of Shade Protocol in private blockchain smart contracts enables it to even hide the database while maintaining rapid transaction finality. It can also achieve auditable personal privacy through the use of query keys and achieve policy and regulatory compliance. As a part of the blockchain technology space big data, Shade protocol can seamlessly splice interoperability with various other blockchain systems.
The company is seeking to cover up everyone, whether it is individuals looking to manipulate their accounting privacy or companies or organizations seeking compliance management on the friendly DeFi platform. The Elite Team of Shade Protocol believes that accounting personal privacy is a fundamental right of citizens, not a luxury brand.
This is also why the research team is so focused on empowering users to control their accounting territorial sovereignty. With the Shade protocol, users need to quickly participate in DeFi reforms based on their own standards and confidence.
Silk - Excessive pledged stable currency used for personal DeFi
Satin is a stable currency with excessive collateral, linked to a basket of global currencies and commodity futures. Silk is committed to maintaining its value for the long term, tracking bamboo baskets composed of US dollars, euros, Japanese yen, Australian dollars, BTC, and gold. This also makes Silk the best hedge against inflation and fluctuations, allowing users to preserve their value in a stable asset that is not affected by the same price adjustments as other countries' currency and digital currencies.
A key feature of stable coins with excessive collateral such as Silk is that they are applicable to collateral with more appearance than the stable coins themselves. This means that there is a built-in buffer zone to absorb all price adjustments of call option. This system of excessive collateral can give users more confidence, making them believe that stable currency will ensure its relatively stable value over time.
Shade Protocol brings a decentralized exchange centered on personal privacy to the Cosmos ecosystem based on ShadeSwap. Borrowing products and stable currencies can be immediately included in ShadeSwap, which can effectively meet users' diverse needs for features, deep liquidity, and privacy.
The following is a list of the key functions of ShadeSwap:
Traditional AMM Curve Chart Stableswap Improves Derivatives Swap Trading IBC and Cosmos Connectivity Tradeable Private Tokens Quickly (6 seconds stock trading time) Cost Effective (0.04% stable currency trading fee) Self Hedging Arbitrage Local Stable Currency (SILK)Sunshade used for private loans
Nowadays, in digital currencies, credit products have already exposed settlement price points, allowing large and medium-sized dolphins to control their fund pools and attempt to create profitable cascading settlements. Shade Lend utilizes the energy of privacy to maintain users' loan trading positions.
By applying Shade Lend, users can lock the collateral to forge Silk. Silk's excessive pledge system is similar to the famous loan product MakerDAO on the Ethereum blockchain.
Blackout bridge - Cosmos and IBC sockets
Origin: Shade Bridge
The Shade Bridge was released in mid to late December and will be a bridging mode jack built above IBC in the Cosmos and Secret Network ecosystems. The seamless splicing of Shade Bridge correctly guides users into DeFi that protects personal privacy.
The following is a list of the main functions of Shade Bridge:
Universal IBC token migration transfers property to the Shade DeFi ecosystem, converts public property into equivalents that protect personal privacy, and transfers personal tokens such as SHD and SILK to a larger Cosmos ecosystemThe Shade Bridge is a crucial part of Cosmos infrastructure construction, allowing blockchain technology, internet technology, and respective tokens to seamlessly utilize the energy of IBC. It is worth mentioning that granting personal privacy to property and loading it into Shade DeFi has never been so easy.
The following is a list of blockchain technologies supported on Shade Bridge:
SecretOsmosiSomsStrideCmdexAxelaAgroricKujiraJunoStargazeAkashGravity Academic DepartmentShadow Protocol - Personal DeFi Super Application Process
In summary, the Shade Protocol represents a breakthrough step forward in the decentralized financial world. By providing a super application process for personal DeFi, users can control their financial statements and protect their personal privacy. With cutting-edge technology, user-friendly pages, and commitment to reliability and group polarization, Shade Protocol ranks among the best service platforms for all those who want to participate in the reform of the decentralized financial industry. As the demand for privacy respecting solutions steadily increases, the Shadow Protocol elite team firmly believes that the ecosystem will play a leading role in shaping the future of the financial industry.
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