ShadeX — Cosmos Encrypted Money Market
The Cosmos is going through ATOM realignment, the process of protocols prioritizing ATOM and its community as a critical asset to achieving collective success.
Shade as an encrypted DeFi suite, rapidly embraced ATOM alignment by accruing and liquidity-providing ATOM and stATOM on ShadeSwap. Shade currently holds ~16,000 ATOM in its treasury.
Beyond just accruing ATOM, Shade is launching ShadeX — the world’s first encrypted money market. Users are empowered to lend out their crypto assets, passively earning interest fees and yield from users who borrow their assets from a lending pool. The ShadeX money market maintains solvency via a system of liquidations of collateral from insolvent borrowers, returning the borrowed debt back to lenders.
ShadeX will feature ATOM and stATOM as both lendable and borrowable assets. Additionally, ATOM and stATOM will be usable as collateral on ShadeX to borrow other popular assets (i.e. BTC, ETH, USDC, SILK, etc.).
Historically, money markets throughout crypto expose all lending and borrowing data. This means transparency for how much interest has been accrued to a user’s position, how much someone has borrowed, and even how close they are to liquidation! Can you imagine a world where you knew everyone’s credit ratings, mortgages, and student loan debt.
We believe ShadeX is a key trailblazing experiment for onboarding institutional and large liquidity into a data-secure lending and borrowing environment. The power of the CosmosSDK and CosmWasm have empowered protocols (such as Shade) to build compelling financial primitives for anyone in the world to access.
If you are interested in bringing your ATOM to the world’s first achievement, we invite you to join us for the launch of ShadeX on March 5, 2025.
All you need is some SCRT for gas and ATOM for lending/borrowing to begin experiencing the most data-secure DeFi in all of crypto.
Bridge your ATOM today → app.shadeprotocol.io
X: https://x.com/Shade_Protocol
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