Finally! we are getting a DeFi platform complete with lending on a network that is private by default #privacymatters so all of the fun stuff that us #Degens love to play with 👇
But without the invasive public surveilance that we have become desensitized to.
You can share what you wish but not be spied on without consent. This has big implications for you and for protocols. Bad actors are going to have a much harder time manipulating both.
Imagine a #degenbox type of strategy that you come up with, and only those you share with can use it, because it cant be spied? @sienna_network has a great AMM already, and they have already implimented stkd- $SCRT ( @Shade_Protocol's liquid $SCRT derivative) /SCRT LP.
Lets get a little speculative now.
Sienna and $SHD Teams seem to work pretty well together, and @Shade_Protocol is making some very interesting #DeFi applications and primitives of their own.
It does not take a large imigination to think there will be some very strong strategies in the future by combining these protocols. Because all of $SCRT network works better together.
This community gets me more excited every single day. Because @SecretNetwork just does not stop innovating!
We are so early, #WAGMI
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After reading the white paper, I have to say, there is a lot to unpack here, and even more innovation. I reccomend taking the dive and reading up. But here is a $SCRT thread ON $DRO to unpack some of the highlights that I saw. 🧵👇
First of all, a stable swap with no slippage and super low fees.
The AMM will have the standard LP pool and set up we all know in #DeFi. Except this is #PriFi
No need to go deep here, lets talk OXY pools!
OXY pools will allow swaps 1:1 on 2 or more assets. No slippage, but a sliding scale fee structure. This is interesting, for a few reasons. Fee schedule vs slippage means you know what you are getting, less guess work.