@Andrew_dja@Shade_Protocol Your staking derivative so stkd-SCRT or stATOM is the collateral for your borrow. But the value of the derivative grows through staking rewards so they are pretty much paying for your borrow too.
Check the borrow site from @Shade_Protocol to learn more. https://t.co/KZfIprVC98
On @Shade_Protocol I get 47% APY on a stablecoin I borrowed with my staked assets that already give me 20%+ APY. Oh and the borrow fee is currently at 0.
Feels like a money glitch but this is just the power of a well built protocol.
$SILK $SHD $SCRT $ATOM
@Andrew_dja@Shade_Protocol Depends on how much collateral you deposit. You can always see your liquidation price and decide for yourself how much risk you want to take.
After ~2 weeks of being live with #ShadeSwap and ~1 week being live with $SILK, here are the numbers!
➡️ ~$6.3M in TVL
➡️ ~885k in weekly volume
➡️ ~1.43M $SILK minted
➡️ 4 partners onboarded w/ incentives
Don't miss out on $SHD DeFi 🌑🌑🌑
Earn Now - https://t.co/MaA72e5DPn
📣 GIVEAWAY ALERT 📣
To celebrate the launch of $SILK & #ShadeLend, we're giving 20 $SHD to TEN lucky winners!
1⃣ Reply to this tweet with a screenshot of your successful $SILK swap or usage (block out personal data)
2⃣ Like and retweet this tweet
Winner will be announced in 7 days!
$SHD $SILK
Just tried out #shadeswap and it was a pretty smooth experience. This product is pure innovation while putting user experience first at the same time. Congratulations @Shade_Protocol and thanks for making the Cosmos great again!
$SCRT $ATOM $JUNO $OSMO
Looks like $SCRT has really shaken out all sellers. People left, projects left but the ones that stayed have a clear vision. Recent FUD did not affect price in any way. Going to start to pick up some $SCRTs again!
🦇We want to hear your spooky stories! And it is worth 100 $SCRT to us! 🎃
Tell the story of your MysticSkull in a tweet or a thread until November 6 midnight CEST.
Retweet this and comment a link to your tweet to be considered.
PS: Bonus points if you reveal your 💀 on the way!
Hey @IvanOnTech. I know you know about @SecretNetwork and have interviewed @TorBair in the past.
I think a partnership with @MoralisWeb3 should take place. After all @SecretNetwork is very techy and it is built using @rustlang, so fits nicely with your latest vid.
Thanks. 🕵♂️