About

Shade Protocol is a company that offers a suite of private DeFi applications for the Cosmos ecosystem. Their platform allows users to trade, bridge, earn, borrow, and engage in other financial activities. Shade Protocol's flagship product is Silk, a stablecoin that provides stability and privacy in the digital asset landscape. The company also provides resources for developers and a community forum for discussions on DeFi.

History

Shade Protocol consists of a variety of connected privacy-preserving DeFi applications built on Secret Network. These key applications include stablecoins, governance, bonds, staking derivatives, insurance, synthetics, lending, DEXs, and more. Using the Secret Network’s secret contracts, all of the key Shade Protocol DeFi applications inherit the properties of programmable privacy.

Shade Protocol exists to primarily to solve the transparent nature of DeFi applications. Transparent ledgers can expose your entire transaction history publicly which is a step backwards compared to the relative privacy of say card transactions. Offering some level of privacy is likely key to gain the adoption and trust of mainstream users into DeFi and Crypto more broadly.