SILK (SILK) stablecoin analytics
SILK is Shade Protocol's basket-pegged stable on Secret Network, tracking a GDP-weighted currency basket and overcollateralized through ShadeLend CDP vaults.
Static Profile
Static stablecoin profile
SILK (SILK) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg CPI.
AI summary / Updated May 15, 2026
A GDP-weighted basket of 20 currencies on Secret Network, defended by overcollateralized CDPs — conceptually ambitious, but hard to acquire at ~$1.1M circulating. SILK is what happens when you cross a stablecoin with a macro index fund and deploy it on a privacy chain. Pegged...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Crypto assets via ShadeLend overcollateralized vaults (ATOM, SCRT, stablecoins like USDC, SHD governance token) plus stablecoin redemption pools; targets 100-150% system-wide collateralization ratio
- Peg Mechanism
- NAV tracks a governance-set basket of global currencies and commodities (currently USD ~33.5%, EUR ~22.9%, Gold ~18.7%, JPY ~11.1%, CAD ~7.5%, BTC ~6.3%) priced via Band Protocol feeds, with weights selected on GDP, monetary-policy health and growth and adjustable through SILK Assembly peg migrations; stability maintained via overcollateralized ShadeLend minting, bounded conversion minting, redemption pools, collateral redemptions/liquidations, and ShadeDAO bonds
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Secret Network.
Snippet Answer
Is SILK safe?
Pharos does not mark SILK as absolutely safe. Static metadata says SILK uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with curated reserve profile; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety silk-shade-protocol
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
SILK quick answers
What is SILK (SILK)?
SILK is Shade Protocol's basket-pegged stable on Secret Network, tracking a GDP-weighted currency basket and overcollateralized through ShadeLend CDP vaults. The static profile records its CPI peg mechanism as: NAV tracks a governance-set basket of global currencies and commodities (currently USD ~33.5%, EUR ~22.9%, Gold ~18.7%, JPY ~11.1%, CAD ~7.5%, BTC ~6.3%) priced via Band Protocol feeds, with weights selected on GDP, monetary-policy health...
What backs SILK?
Pharos classifies SILK backing as Crypto-Collateralized. Collateral, per the static profile: Crypto assets via ShadeLend overcollateralized vaults (ATOM, SCRT, stablecoins like USDC, SHD governance token) plus stablecoin redemption pools; targets 100-150% system-wide collateralization ratio Reserve evidence: curated reserve profile.
Can SILK be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for SILK, when applicable, appear in the dossier below.