Secret Surge - Secret DeFi, Incentives, Liquidity, & Shade
Shade Protocol puts privacy at the core of all of our applications, which is why we are built on top of Secret Network - a Cosmos layer-1 devoted to computational privacy. Using the power of private smart contracts, Secret Network enables a wide array of use cases only possible on Secret Network. Established in 2020, three years of smart contract tooling and front-end framework advancements have led to where we stand today. Secret Network is in a position to help support the next generation of DeFi with privacy, a key part of what it will mean to onboard businesses and institutions onto Web3.
Secret Network is kicking off this Defi renaissance with Secret Surge - a DeFi incentives program devoted to accelerating the adoption of Secret DeFi usage and development.
With a record number of launches on the horizon, including a new bridge for EVM assets, new SNIP-25 tokens, and at least three DeFi protocols (Shade, Blizzard, and Secretswap 2.0), we have a unique opportunity to bring an unprecedented level of attention to our ecosystem. At SCRT Labs, we believe that we should seize this once-in-a-lifetime opportunity to support these DeFi projects and make the biggest possible splash in the industry. That’s why we propose a 6-month incentive program, starting April 18, 2023, with a “surge” period in the first three months that will offer double rewards to incentivize rapid project launches. -Guy Zyskind, CEO of Secret Labs
Partnering with the Secret Surge incentives program, users will have the opportunity to farm incentives from Secret DEXs such as ShadeSwap starting on April 18th. The following pools are where users will be able to earn boosted rewards:
- sSCRT / stkd-SCRT
- stkd-SCRT / SHD
- SILK / stkd-SCRT
- SILK / USDC
- SILK / USDT
To begin earning rewards, users need to take the following steps:
- Bridge in assets to Shade DeFi
- Acquire sSCRT, stkd-SCRT, SHD, SILK, USDC, or USDT from ShadeSwap
- Navigate to the pools page to begin providing liquidity
- After providing liquidity, scroll down to the rewards portion of the pool and claim your rewards!
Congratulations, you officially have participated in Secret Surge!
Get Involved On Secret Network
If you're passionate about Secret Surge ensuring Web3 users have the data privacy protections they need and deserve, become a Secret Agent! It is one of the best ways to get involved in expanding awareness around Web3 - specifically Secret Network.
The mission of Secret Agents is to ensure the decentralized web that is being built genuinely empowers - and is accessible to all. From awareness and education to international growth and university relations, there are many ways to help expand the Secret ecosystem and the global availability of privacy technologies in Web3.
Check out the Secret Agents program and join one of the best and most committed communities in the blockchain space!
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, 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.