SILK(SILK)
Market Cap$1.61m
Price$1.22
Total Circulating1.13m
Stablecoin Information
SILK is a collateralized stablecoin with a variable peg that is derived from a basket of assets including forex, commodities, and cryptocurrencies. The basket is designed to maintain purchasing power.
Category:crypto-backed
Minting and RedemptionUsing ShadeLend, users deposit collateral to borrow / mint SILK. When users repay their loan, the SILK is burned
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.02% | +0.77% | -0.53% | 1.13m |