Shade Airdrop Part Two
DeFi without privacy is incomplete. Totally transparent blockchains create an asymmetry of information that can damage the ability for users within Web3 to engage in commerce in a safe and sustainable fashion.
Negative externalities and risks have created the following problems for Web3 commerce and DeFi:
- Public liquidation price points
- Public trade positions
- Public transaction metadata
- Front-running / MEV
- Public staking
- Public voting
Fundamentally, we believe that privacy is the key to unlocking the full value of a decentralized future.
Enter Shade Protocol. Over a year ago, the initial whitepaper for Shade Protocol was released - outlining a vision for an array of connected privacy-preserving DeFi applications, built on Secret Network. By building out all of the key primitives, Shade Protocol would empower users to engage in DeFi in a way that has never been possible before.
Today, Shade Protocol releases the long awaited Airdrop Part Two!
Airdrop Part Two
It has been one year since the original snapshots for Shade Protocol were taken (November 7th - December 13th 2021). Since then, Shade Protocol has achieved the following:
- Multichain Airdrop 20% ($ATOM, $SCRT, $LUNA)
- Staking Derivative (stkd-SCRT)
- Staking V1
Targeting Q4 2022 and Q1 of 2023 is the launch of ShadeSwap, ShadeLend, and SILK.
In celebration of ShadeBonds and the launch of staking V1 on November 8th of 2022 - the next 10% of the multichain airdrop is officially released!
Claim Airdrop Part Two
In order to claim the second part of the airdrop, users must complete the first part of the airdrop. Linked below is an official tutorial on how to claim the first part of the airdrop.
Note, if you do not qualify for the airdrop, the airdrop bond will not be visible on this page.
Once you have completed the above steps, you will need to complete the following steps:
(1) Navigate to https://app.shadeprotocol.io/airdrop
(2) Create Permit
(3) Click on "Purchase Airdrop Bond"
(4) Open the airdrop bond
(5) Create a viewing key
(6) Buy Bond For Airdrop Eligibility - enter in 0.1 as an input. This is the maximimum allowed.
(7) After successful purchase of the airdrop bond, click on "Claim Airdrop".
(8) Click "Claim Now"
(9) Congratulations, you have successfully claimed your airdrop!
(10) Click "Stake" - this will bring you to the Shade Staking Bonds page. Purchase a Bond!
The tokenomics of Shade Protocol are outlined in the official Shade Protocol docs. Currently, 1,450,000 SHD are earmarked for the Shade Protocol airdrop. Part one of the Shade Protocol airdrop released 20% of these airdrop tokens. The claim rate for the first part of the airdrop was ~48% (140,000 SHD claimed) over the course of this first 10 months. The second part of the airdrop is releasing 10% of all earmarked SHD rewards (145,000 SHD) for those who successfully qualified for the original airdrop back in 2021.
Check Airdrop Eligibility
If ~70% of those who have claimed part one of the airdrop claim the second portion of the airdrop, then there is a projected ~36,500 SHD added to circulating supply. This would increase circulating supply by ~7.30% as current circulating supply is ~500,000 SHD.
Shade Protocol is an ambitious array of application-layer products focused on a simple end user experience that involves the incorporation of privacy by default. These interconnected privacy-preserving DeFi products built on Secret Network will change DeFi as we know it — empowering the next generation of value creation and exchange. Shade Protocol is launching Silk: a privacy-preserving collateralized, reflexive stablecoin built on Secret Network.
Without privacy, DeFi is incomplete. Traditional financial markets offer a degree of privacy for users, and as a result offer up greater protections in some capacity than existing DeFi markets. Shade Protocol will be the world’s first truly cohesive decentralized and privacy-preserving financial applications — ushering in a golden era for Web3. Shade Protocol will always push for privacy by default, privacy as an expectation, and privacy as the key to unlocking the full value of a decentralized future.
But we can’t do this without community. We need you to join our community and help make Silk and Shade Protocol a reality.