Stablecoin Summit Protocol Highlight - Agoric & IST

Stablecoin Summit Protocol Highlight - Agoric & IST

Greetings Agoric & Shade community,

In this highlight series, Shade Protocol will cover our partner projects for the upcoming Cosmos stablecoin summit in December - giving viewers the opportunity to learn about these protocols in advance.

The following is a list of protocols and speakers featured via the Cosmos Stablecoin Summit:

  • Agoric
  • Comdex
  • Shade Protocol
  • Duality
  • Kujira
  • Axelar
  • Jack Zampolin
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Cosmos Stablecoin Summit
Greetings Cosmos, Shade Protocol is proud to host the Cosmos Stablecoin Summit - featuring a variety of protocols and speakers focused on advancing DeFi technology. This digital summit will be freely available for all to listen to. We believe that DeFi protocols are stronger together, and that the…

Agoric - Deploying Secure DeFi In Javascript

Agoric Website

Agoric is a smart contract platform built on the Cosmos SDK and with Tendermint Proof-of-Stake (PoS) mechanism and a native asset to secure the network. In a nutshell, the Agoric chain enables developers to create decentralized applications using assemblage JavaScript smart contracts. Furthermore, it contains built-in decentralized finance (DeFi) building blocks, allowing Agoric to support a second local currency for facilitating economic activity and maintaining a healthy ecosystem. [credit]

Agoric has two key tokens:

  • BDL (governance token of Agoric)
  • IST (flagship stablecoin of the Agoric economy)
Agoric Whitepaper

With 12,000,000+ Javascript developers globally, Agoric plans to open the gateways to mass developer adoption - ushering a new era of rapid DeFi development using a universally accepted and appreciated coding language.

Agoric is developing a secure distributed object-capabilities (OCap) platform for smart contracts and market-oriented programming. The platform supports the development of smart contracts and market institutions across many different scales, from large public blockchains to small two-party contracts. [credit]

The OCaps platform consists of the following:

  • A robust architecture for building secure smart contracts.
  • A foundation in JavaScript for maximum reach.
  • A cryptographic routing fabric for inter-chain interoperability.
  • A library of market abstractions and a framework for securely composing them.
  • A framework for secure user interaction.
Build, deploy and operate dApps and DeFi markets.

IST - The Inter Protocol Stablecoin

Inter Protocol Twitter

The Inter Protocol token “IST” is a fully collateralized, cryptocurrency-backed decentralized stable token for the interchain ecosystem on the Agoric chain. IST is designed to maintain parity with the USD for broad accessibility and provide Agoric and the interchain ecosystem users an asset with minimum price volatility. In addition, IST is the native fee token for the Agoric platform and provides some of the core functionality and stability for the Agoric cryptoeconomy. [credit]

IST achieves its stability with three different market based arbitrage mechanisms that work together to maintain parity with the USD. These three concurrent mechanisms use different assets, work at different speeds, and track from a wide to a narrow band of parity to maximize the opportunities for arbitrage to bring IST back to parity in the case of a divergence from USD.

Leveraging the power of IBC, IST has a clear path to playing a key role in the interchain economy of Cosmos.

Agoric - The Team

To learn more about the Agoric team (20+ individuals) visit the Agoric website to learn more about this team and their mission!

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Our Story - Agoric
About Agoric. Our mission to bring DeFi mainstream with reusable JavaScript components is at the core of what makes our technology cutting edge.


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.
December 20th, 7:00 pm. UTC - Shade Protocol livestream on YouTube.
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