Shade Protocol & Why It Matters
Private-by-Default Decentralized Financial Applications Are Crucial
Sorry for such a long delay in content since my last article a month ago, it’s been pretty busy for me, and since I launched the Fireside DeFi Podcast, I’ve been learning about producing video and audio content via free-to-use tools and applications on Linux, so there’s been a learning curve and making sure to get things sounding the way I want as well as presenting the visual aspect of the material in a way that anyone can understand.
Now, with that being said, I’d like to dive right into the topic at hand, and why it’s desperately needed in the world today. This builds on my latest podcast episode of Fireside DeFi, which takes a long look into the offerings and services provided by Shade Protocol. Watch and give it a listen here
Shade Protocol represents something that no other blockchain project does: Private-by-Default Decentralized Finance. Now, I know that’s a mouthful, and it might sound complicated, but in reality, it’s actually quite simple.
Here’s a layperson’s interpretation of what that really means.
Say you need a loan. You have some collateral, a silver necklace, valued at $100 USD. Now, you need a loan for $200, I’m not saying a bank COULDN’T give you a $200 loan in exchange for $100 in collateral, but, with the way the banks operate these days, it’s highly-doubtful that they would, without you providing more collateral.
The premise is very simple, you want a loan, but you don’t want anyone knowing about it. You may have grown up, like millions of other people, in a family where the “D” word was considered vulgar. That “D” word being debt. Debt is the most poorly-understood concept in all of finance, and it’s not even close. Many people have been led to believe that all debt is evil and should be avoided at all costs.
This, of course, is blatantly false. It isn’t that all debt is bad, it’s that there is a such thing as “good” debt. Good debt is productive debt. If you get a loan to start a business, that is considered “good” debt. If you go into $100,000-$200,000 in debt to pay for college tuition, medical school, or law school, that is BAD debt. There is a visible difference. A college tuition loan does not guarantee ANY return on the investment for you, whatsoever. On the other side of that equation, the institution that is lending you that money to pay for your tuition is most likely charging you anywhere from 5-9% interest annually.
Regardless of where your personal opinion comes down on the whole student loan debt crisis (because that’s what it’s devolved into), it’s important to recognize that not all debt is bad.
So, since not all debt is bad, we need viable ways to obtain debt, and we deserve privacy while doing so. Where does this leave us? Well, with Shade, of course.
Shade Protocol provides the shield we’ve all been needing. It provides the privacy that is lacking in Bitcoin, lacking in Ethereum, lacking in Binance Smart Chain. It provides the Decentralized Financial Services that are not found with Monero. It provides options, whether you’re looking for lending and borrowing with $SILK, or Liquidity Pool Yield-Farming, Shade offers it all.
What started out as just a dream years ago, is now a reality, for all to see (but not actually see what you’re buying and selling). The promise of Private-by-Default DeFi is here, whether you know it or not, Shade Protocol is moving forward with more integrations, new partnerships with other blockchains and other projects, and they aren’t going to stop.
Privacy is a human right, whether a government or private institution ever admits it or not. Privacy only exists because we demand it, not because some piece of paper written on by political hacktors (see what I did there?) say otherwise. We are not pawns to be used in their global game for control.
The WEF is everywhere, they have their claws in all different manner of things, they seek total abolition of national sovereignty. They also seek to take control over individuals’ decision-making, ESPECIALLY when it comes to their financial lives.
We cannot let this happen, they will not win because we say so. Not because any government chooses to stand up and fight back against them - because I highly doubt any actually would do so. The WEF seeks to establish their New World Order, at the behest of the “United Nations” by destroying all nations and creating one world government. Even Elon Musk saw through that ploy from the very start.
They aren’t trying to hide their intentions, they spell it out in their promotional materials, shared online freely and openly for all to read for themselves. What they are attempting to do will not succeed because WE, the People, do not consent and WILL NOT comply with their demands.