Silk
SILK Rank —Price chart
What is Silk?
Overview
Silk is a fiat-backed stablecoin launched by Shade Protocol on Secret Network. It tracks a diversified basket of global currencies and commodities rather than a single peg. The token serves as an interoperability bridge between different currency systems, providing users with exposure to multiple assets while maintaining price stability.
How it works
Silk operates on Secret Network, inheriting its privacy features and delivering transaction settlement within 6 seconds. The token is deployed across Secret and Osmosis ecosystems, enabling interoperability between these networks. The stablecoin functions as a medium of exchange and store of value within these blockchain environments.
Peg and backing
Silk maintains its peg to its underlying basket of global currencies and commodities through fiat backing mechanisms. The specific composition of the basket and detailed reserve structures are outlined in Shade Protocol's whitepaper. Supply adjustments occur through minting and burning mechanisms to maintain stability relative to the basket.
Supply
Total supply is approximately 680 thousand SILK tokens. Token issuance and burning dynamics are governed by the protocol's stability mechanisms.
Where to trade SILK
Exchanges that list this asset
Live spot quotes from connected exchanges
SILK funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.