Silk (@silk_stable) 's Twitter Profile
Silk

@silk_stable

The first (and only) stable asset empowering you resist inflation with privacy

Explained in 30 sec ➡️ youtu.be/qjp9rlXNcaQ

Powered by @Shade_Protocol

ID: 1550550173914648576

linkhttps://app.shadeprotocol.io/silk calendar_today22-07-2022 18:37:37

1,1K Tweet

3,3K Followers

77 Following

Secret Network (@secretnetwork) 's Twitter Profile Photo

When SILK was envisioned, private stablecoins were rare and lacked real utility or interoperability. Shade Protocol ❎ changed that by building an integrated, private DeFi layer from the ground up. The result? A stablecoin with purpose, aligned utility, and cross-chain potential.

Joe 2.0🎙️ (@joe4deadcat) 's Twitter Profile Photo

Re: Stable Coins Will incoming regulations help or hurt crypto? Should crypto embrace or reject government legislation? Join us Friday for stable coin happy hour! 🕓 When: 4pm EST 🎙️ Guest: Carter L. Woetzel ❎ Put it on your calendar! x.com/i/spaces/1LyxB…

Silk (@silk_stable) 's Twitter Profile Photo

Fiat is easy to use but erodes in value. $BTC preserves value but exposes users to market speculation and price volatility. So how can you preserve purchasing power without exposure to speculation or the silent theft of inflation? Meet $SILK 🤝

Silk (@silk_stable) 's Twitter Profile Photo

$SILK > your portfolio? Did you outperform Silk last year? Just holding Silk you'd be up 20% in the last 12 months. And that doesn't even count any of single-sided yield opportunities available. Stake ~4-12% APR Lend ~2-6% APR Earn (liquidate Silk loans) ~25-27% APR

Silk (@silk_stable) 's Twitter Profile Photo

Stablecoins promised a better form of money. But in reality we've just brought fiat (and all its baggage) on-chain and called it crypto. 99.9% of stablecoin liquidity is: 🪫 Pegged to USD (losing 5–7% purchasing power annually) 😳 Fully transparent (on-chain surveillance baked

Stablecoins promised a better form of money.

But in reality we've just brought fiat (and all its baggage) on-chain and called it crypto.

99.9% of stablecoin liquidity is:

🪫 Pegged to USD (losing 5–7% purchasing power annually)
😳 Fully transparent (on-chain surveillance baked
Carter L. Woetzel ❎ (@l_woetzel) 's Twitter Profile Photo

You're going to have banks that want to issue stablecoins that aren't 1 to 1 USD backed, but instead have rehypothecation & other balance sheet risk backing these "stables". Because remember, banks are so safe and never miss manage risk. Not all stables are created equal.

Silk (@silk_stable) 's Twitter Profile Photo

Know any stablecoins with a peg that can adapt? Take USD out of USD-peg stables and you have... nothing. Take USD out of $SILK and you are still resisting inflation with privacy.

Silk (@silk_stable) 's Twitter Profile Photo

Are you ready for the launch of the new Silk app? It will even be mobile friendly so you can stake, lend and LP from anywhere! Catch all the details on our Silk Space today at 12 pm EDT / 4pm UTC with @silk_stable. X.com/i/spaces/1PlKQ…