Taz

[Taz @Secret_Taz]

Zero slippage and no trading fees to buy $SHD

I’m tempted to Hit The Button

[Shade Protocol ❎ @Shade_Protocol]

🧵Shade Goes Omnichain: Expanding Access to SILK and Secure DeFi

We're about to experience the most critical years for decentralized finance.

We believe Shade’s core pillars will make its products the most liquid and sustainable over the long term:

1⃣ Secure and trustable
2⃣ Private and auditable
3⃣ Stable and diverse

For the next phase of omnichain growth, we will expand via:

✅Expansion of outposts

By cross-deploying Shade protocol applications on more L1s and L2s — especially those with native security features like FHE, ZK, and MPC — we will expand access and unlock new primitives that build on our extensive experience developing secure DeFi applications.

✅Expansion of bridges

We will be expanding both our IBC connections and our bridge support for external ecosystems — including Solana and ETH L2s — in order to maximize access to both SHD and SILK.

✅Expansion of products

We will launch the ShadeX money market, driving additional steady demand for SILK. Additionally, we will pursue improvements to UX and connectivity to these products.

✅Expansion of SILK & SHD on external liquidity venues

We will seek to support SILK & SHD pools on as many L1s, L2s, and cross-chain protocols as possible, supporting the launch of money markets and collateralized stablecoin integrations.

✅Expansion of SILK FinTech integrations

A strong on-chain economy should support real world utility. More and more Fintech companies are entering into the onchain economy (such as Stripe). Demand for stablecoins to connect DeFi to daily commerce is an increasingly large use case. Part of our current FinTech expansion plans involves exploration of an acquisition / merger with a FinTech x DeFi product.

〰️〰️〰️〰️

One of our scarcer beliefs — compared to other on-chain economies — is our belief in data security. True adoption of DeFi hinges on robust data security measures. To attract billions in liquidity, both institutions and individuals will expect their onchain positions and asset movements to be encrypted by default, but auditable as needed. At Shade, we believe that in the near future the total transparency of blockchain will be looked at with suspicion in the same way that a lack of data security would be viewed within our traditional financial markets.

Another belief we have is in innovation through diversity. This doesn’t just mean a diversity of products built for a diverse set of global users. It also informs the approach behind SILK and its diversified collateral base. As on-chain economies grow, we all benefit from more experimentation with different compositions and use cases for stablecoins. We see tremendous synergies between SILK, dollar-backed stablecoins, other sovereign stablecoins, and commodities like BTC and metals.

Our mission is to integrate all of these beliefs into a seamless, omnichain economy that is secured by diverse assets and that powers off-chain and on-chain global commerce. While we are incredibly early in this mission, the years we’ve already spent developing these protocols, economic approaches, and beliefs gives us confidence that the Shade community is better positioned than any other to work towards and achieve this goal.

We have many announcements, partnerships, and products yet to be revealed, but if our mission and approach excite you, today the ask is simple: join us.

Join the Shade community: https://t.co/u3bysYj04z

Hit The Button: https://t.co/TX7o4qlGj0

$SHD $SILK

https://t.co/lg5rmgCoFh

[Taz @Secret_Taz]

@mineyour_biz secret10tfkpjzlxcv357f6jlt7hw8g5aj39z9qme4r0l

[Taz @Secret_Taz]

@orageux101 @GuyZys @CCosmonaut_ @Shade_Protocol @SecretNetwork No need to nitpick on the chains I mentioned. It’s a fact that most chains rely on just a couple of dapps for the majority of their TVL

Shade is pioneering the way on Secret

You’re trying to spin a negative light on something positive for SCRT

Shade is a beast. It’s on Secret.

[Taz @Secret_Taz]

@orageux101 @GuyZys @CCosmonaut_ @Shade_Protocol @SecretNetwork Many chains (Neutron, Near, Tron) rely on just 1 or 2 dapps for over 90% of their TVL.

Others like Avax, Polygon, Sui have between 3 and 5 dapps that collectively represent more than 75% of their TVL.

Secret isn’t really an outlier when you look at the facts

Source: @DefiLlama

[Carter L. Woetzel ❎ @l_woetzel]

🧵An Honest Reflection On Secret (2021 - 2023)

10,500,000.

The # of txs processed on $SCRT since 2021🤯

Secret folks are quirky. Some would say: "...rough around the edges, maybe a little scarred..."

The truth is, we are emerging from a TOUGH 2 years.

We had projects disappear. Builders close up shop. Community members DEEPLY upset with each other & leadership.

Things were closer to "bad" on average than "good".

A lot of mistakes were made.

While people like to say "...the past doesn't define you..." realistically, I think the 2021 - 2023 era left a lasting mark on Secret.

People view this network differently now (often for the worse).

Secret Agents that used to call this place home have gone off to other ecosystems - carrying stories about the negative vibes / energy of Secret. They correctly identified Secret carried a significant amount of disfunction & friction as an ecosystem.

This was/is humiliating.

It isn't fun to realize that people don't view us in a great light. Especially when many of us have bled to keep the needle moving forward.

But the truth is, we did it to ourselves.

Despite these mistakes, I feel genuine HOPE 6 years into this journey of Engima/Secret🙏

Here's a couple of reasons why ⤵️
-------------------------------------------------
We're more cognizant and protective of the community pool 🛡️

New leadership understands that the standard required to hold our trust is quite high🧾

The developer community are a united tribe that are increasingly collaborative & helpful🏗️

As a community we've become more aware of the shortcomings of people. A higher level of suspicion.

Our humility is greater than before - there are other privacy projects also building. We've doubled down on the technical & privacy roadmap😎

Our desire to be part of the broader Cosmos is vastly improving with privacy as a service & more liquidity integrations 🎉

The core of the community never truly left through the brutal bear💪

You'll notice it is extremely rare to see folks change their pfp away from an @AnonsNFT - it isn't a coincidence. Privacy culture cuts deep.
-------------------------------------------------
As we enter a potential bull market, if I could leave you with anything from this post it would be this:

The past cannot be undone for Secret Network. Despite this, there are some INCREDIBLY talented + brilliant builders/community members/leaders freshly at the helm of Secret.

We REFUSE to give up on the mission of spreading privacy to all of Web3.

We're stronger than before, and humbled. Perhaps more than most ecosystems, we know how to have fun in the face of impossible odds.

As such, I'd invite you to swing by @SecretNetwork chat. Pull up a chair, we'd love a second chance to show you how much we've grown through the bear <3

$SCRT redemption arc in 2024 is going to be beautiful 🙏

[Taz @Secret_Taz]

@assafmo @orageux101 @l_woetzel @polkachu_intern Even the “late to IBC” criticism is a stretch. The first IBC transfer in the history of Cosmos happened in April 2021. Secret enabled IBC in November 2021.

[Coinbase 🛡️ @coinbase]

The numbers don't lie.

[(Guy Zyskind*) @GuyZys]

Our work, announced earlier this week, on Unstoppable Wallets is out! We construct a protocol for threshold ECDSA that is efficient enough to run on-chain in 1 tx per party and low gas fees.

We implement it and show how to build two sample apps on @SecretNetwork: cross chain multisig vault + policy engine, and a wallet exchange (sell your keys, not your coins).

We believe many other use cases for this exist, and that it can form the basis for cross-chain account abstraction.

We also achieve robustness and fairness, even for a dishonest majority of signers (assuming a blockchain)!

Joint work wirh @AvishaiY @alex_pentland and lots of help from the legendary @assafmo @Cashmaney3

[Taz @Secret_Taz]

Secret is #2 in IBC volume over the last 24h 📈

[Taz @Secret_Taz]

Should Stride incentivize the ATOM/stATOM pair on Shade?

[Taz @Secret_Taz]

@bennylava_ @0xsbeem @ertemann 10k stATOM -&gt; ATOM swap

[Carter L. Woetzel ❎ @l_woetzel]

$SCRT is THE privacy hub for #Cosmos

✅$46M in IBC volume in the last 30 days.
✅ 57, 841 IBC transfer in 30 days
✅ Massive TVL growth

"What's the bull case for SCRT?"

Chase facts, not narrative.

Because facts become narrative, anon.

[Assaf @assafmo]

Get ready for Secret VRF in the upcoming @SecretNetwork v1.9 upgrade! ✨

Flipping a coin on-chain has never been easier with strong, verifiable randomness.

[Taz @Secret_Taz]

Update:

$SCRT didn’t wait for the launch of @Silk_Stable tomorrow to surge past Axelar 🫡

[Emperor Osmo 🐂 🎯 @Flowslikeosmo]

Only one week after @Shade_Protocol went live on Mainnet.

$SCRT is on the verge of surpassing Axelar in IBC volume for the week.

[Emperor Osmo 🐂 🎯 @Flowslikeosmo]

Only one week after @Shade_Protocol went live on Mainnet.

$SCRT is on the verge of surpassing Axelar in IBC volume for the week.

[Taz @Secret_Taz]

@FilipArambasic @youssef_amrani @Shade_Protocol @l_woetzel Shade's curve is highly efficient and it's likely that others will attempt to replicate it

For now, Osmosis is developing concentrated liquidity similar to uniswap v3

[Taz @Secret_Taz]

Best place to swap 10k $ATOM for $stATOM?

Even though there is 33x more liquidity for the ATOM/stATOM pair on Osmosis ($20 million vs $600k)

@Shade_Protocol is the answer

[Taz @Secret_Taz]

ATOM/stATOM pool liquidity:

$17M on Osmosis
🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲

$487k on Shade
🔲

Best place to swap 1k ATOM for stATOM?
@Shade_Protocol

[Taz @Secret_Taz]

@FilipArambasic @youssef_amrani @Shade_Protocol Asymmetric Concentrated Liquidity

Here is a thread about the new curve:
https://t.co/xMRIttKwlH

During yesterday’s space, @l_woetzel discussed the curve (starting at the 27-minute mark)

[Carter L. Woetzel ❎ @l_woetzel]

https://t.co/sn9Ik9Ytg3

[Taz @Secret_Taz]

ATOM/stATOM pool liquidity:

$17M on Osmosis
🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲

$487k on Shade
🔲

Best place to swap 1k ATOM for stATOM?
@Shade_Protocol

[Carter L. Woetzel ❎ @l_woetzel]

0.02% price impact on a $1,500 trade from ATOM to stATOM on a pool with only $65k in liquidity.

So amazing to see asymetric concentrated liquidity in action, a first in DeFi⚡️

Trade now: https://t.co/u9vyXMXcnG

$SHD $ATOM $SCRT @lurkaroundfind @stride_zone @Cryptocito

[(Guy Zyskind*) @GuyZys]

First MPC contract over @SecretNetwork almost ready 🔥