Friday, July 14, 2023

Minting SILK on Shade Protocol

In the mode of @AirdropGlideapp. and inspired by Carter L. Woetzel's tweet about minting $SILK:



  1. Bridge $stATOM to @Shade_Protocol (You may need to wrap it to $sstATOM. Sometimes you do; sometimes not)
  2. Mint $SILK
  3. Swap to $USK
  4. Bridge $USK to @TeamKujira or LP on @Shade_Protocol
 You've 'minted' $USK at 0% on @Shade_Protocol

The next part of the article comes from First Class Crypto who asks on the twitterz: "But what am I going to earn and where?"

There are several ways to earn from both $SILK and $USK both on @Shade_Protocol and on @TeamKujira.

Let's go through some, one at a time.

First, you can deposit $SILK here.



You see here I've deposited 38 $SILK and am earning rewards.

Next, you can provide liquidity to $SILK LPs on @Shade_Protocol here.

Or, if you've already swapped it to $USK, you can provide liquidity to the SILK-USK LP.


All LPs allow asymmetric provisioning ('zapping') something that @TeamKujira BOW SORELY needs.

Now, $USK.

4 major places I use $USK on @TeamKujira.

  1. Liquidation bids on ORCA


  1. axlUSDC/USK arbs on FIN


  1. axlUSDC-USK LP on BOW


  1. lending $USK to Ghost.


Those are my biggies, but $USK is liquidity, so the possibilities are limited only to your imagination.


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