DescriptionSILK 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
SILK (SILK)