Shade Protocol
DeFi
Bridge
SHD$0.84964-4.88% ↓
Super-App for Privacy Preserving DEFI
- 251 Followers251 Followers
- 144 Likes144 Likes
About Shade Protocol
Integrated DEFI Suite of applications including Bridge, Swap, Stable Swap, Derivative Swap, Lending, Stablecoin and more!
Shade Protocol is a cutting-edge decentralized finance (DeFi) project that prioritizes privacy and confidentiality within the financial ecosystem. Built on the Secret Network, a privacy-focused blockchain, Shade Protocol offers a suite of DeFi products, including stablecoins, synthetic assets, and lending platforms, all designed to protect user privacy. The project aims to provide a secure, private alternative to traditional DeFi applications, which often lack robust privacy features.
As privacy concerns continue to grow in the blockchain space, Shade Protocol stands out by offering a comprehensive solution that integrates privacy into every aspect of its operations. This focus on privacy is not just an add-on feature but a fundamental aspect of the protocol’s design, ensuring that all transactions and interactions within the ecosystem are shielded from public scrutiny.
In addition to its privacy features, Shade Protocol is committed to decentralization and community governance. The project empowers users by allowing them to participate in decision-making processes through the governance of the SHD token. This decentralized approach ensures that the protocol evolves in line with the needs and desires of its community, making it a truly user-driven platform.
Overall, Shade Protocol is more than just a DeFi project; it is a movement towards creating a private, secure, and user-controlled financial ecosystem that addresses the growing demand for privacy in the digital age.
Shade Protocol Magic Store Validation Score
See Results ››Validation Score
4.5Validation Date: -
crazyDropsYes
chakmar0Yes
AlexsYes
mahessemmmYes
raviguptaYes
towner9111No
BankmanYes
CointreauNo
CasperYes
Vectorl7Yes
cyber23Yes
ch0099041Yes
PradeepKotechaYes
iiinotYes
wai lin aungYes
AfinashoYes
lisayogeshNo
goodYes
toomasYes
nna73Yes
Shade Protocol Review Score by Real Users
- 8
- 5
- 1
- 0
- 0
SHD Token Price Chart (Real Time)
Token Statistics
- Market Cap$3,993,192.00
- Volume$419,191.00
- Circulating Supply4,700,483
- Max Supply10,000,000
- FDMC$8,495,281
About Shade Protocol Token
The SHD token is the native utility and governance token of Shade Protocol. It is designed to be integral to the operations and governance of the entire protocol, offering both utility and governance features that empower users within the ecosystem. The SHD token allows holders to participate in governance decisions, which include voting on proposals that impact the development and management of the protocol. This ensures that the community has a direct say in the evolution of the platform.
In addition to governance, the SHD token is used across various decentralized finance (DeFi) applications within the Shade ecosystem. These applications include private lending, borrowing, stablecoins, and synthetic assets, all of which are enhanced by the protocol's privacy-focused technology. The SHD token also acts as collateral within these applications, further enhancing its utility within the ecosystem.
Furthermore, SHD tokens can be staked by users to earn rewards. Staking helps secure the network and provides an additional layer of utility, incentivizing holders to remain engaged with the protocol. The staking rewards are distributed in SHD tokens, aligning incentives for both long-term holders and active participants in the governance process.
For those interested in trading or acquiring SHD tokens, they are available on various decentralized exchanges that support privacy-preserving tokens, particularly those within the Secret Network ecosystem. By integrating the token with a privacy-focused network, Shade Protocol ensures that all transactions involving SHD tokens are secure and confidential.
Shade Protocol Magic Store Trust Score
- Audit Score
- 1No. Of. Audits
- HighScore
- Security Validators Score
- 21.02.2024Validation Date
Shade Protocol User Trust Reviews
Shade Protocol FAQ
Shade Protocol isn't just adding privacy as an afterthought; it's built on the Secret Network, meaning that privacy is embedded in every transaction and product. Unlike other projects, where privacy may be optional, Shade Protocol ensures that all activities within its ecosystem are confidential by default, giving users complete control over their data.
The Silk stablecoin maintains its value through a diversified basket of assets, ensuring stability even in volatile markets. Unlike traditional stablecoins, Silk is privacy-preserving, meaning all transactions involving Silk are encrypted. This makes it impossible for external parties to trace or monitor your activities, securing both your funds and your privacy.
Yes, you can! Shade Protocol allows users to participate in governance anonymously through the SHD token. Thanks to the protocol's privacy features, your votes and decisions remain confidential, ensuring that your identity is protected even while you actively shape the future of the platform.
Staking your SHD tokens in Shade Protocol not only earns you rewards but also contributes to the security and privacy of the entire network. By staking, you're helping to decentralize the protocol further and enhance its privacy features, which in turn makes your own and others’ transactions more secure.
Shade Protocol uses the Secret Network to create synthetic assets that are fully private. This means that the creation, transfer, and management of synthetic assets are all conducted with privacy-preserving technology, ensuring that no one, except the involved parties, can view or interfere with the transactions.