eSHD Airdrops: Recognizing the Value of Community Involvement in Shade Protocol
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Exciting to receive airdrops of eSHD tokens!
It’s one thing to receive token airdrops of an unestablished newly launched DEFI platform, and something else to receive airdrops of a token with foundational utility providing it value!
This is why I was excited to receive eSHD token airdrops!
eSHD is a derivative of SHD, the native token of Shade Protocol!
eSHD is a social token; Engagement SHD token, earned by SHD holders who are part of the Shade community partaking in various activities that promote usage of the Shade Protocol.
The eSHD campaign has been going on for some time but eSHD airdrops have commenced since November 28th.
I was so thrilled to find out that I too received airdrops of eSHD tokens!
eSHD to SHD token claiming process through Shade's Bond Module!
There is an interesting method of claiming these eSHD tokens as SHD tokens. A small portion of e-SHD tokens are released daily as SHD tokens in the Shade Protocol's Bond Module.
To claim these tokens users buy these released portions of SHD tokens as a bond, whose bonding period is 1 day. These SHD then can be claimed after the maturity date.
The process can be checked out here -
This is pretty cool and different! What matters is that one ultimately acquires real $SHD tokens with real utility and intrinsic value.
Meaningful eSHD Rewards for driving engagement on Shade Protocol!
I have earned eSHD for completing Zealy Quests, which involved engaging with tweets and Twitter threads that educate the audience about Shade Protocol.
While there are other numerous methods for earning eSHD detailed in this article –
Redefining Crypto Participation: Introducing eSHD, the Ultimate Engagement Token
Each quest I complete earns me points, and those points translate into eSHD tokens. It feels rewarding to see my efforts recognized in tangible rewards!
Earlier, I participated in Zealy Quests from other Web3 Protocols, where I created many types of quality content - Twitter threads, infographics, and even memes. However, my work did not earn me any tangible rewards, other than points.
This time, I feel enriched to earn eSHD rewards for my work and engagement! These are meaningful rewards for the efforts put in my attempts to promote and educate others about Shade Protocol.
Some entertaining SHD memes to check out!
I had fun with the Zealy Quest of making memes for Shade Protocol. Initially, I had no intention of attempting to create memes but became involved by checking out memes created by others as it entertained me a lot!
These are 2 Memes that entertained me a lot!
Minions after SHD like it's their favorite banana or banana themed NFT!
Minions love SHD like it’s their favorite Banana NFT>>
Here are the Minions advocating SHD over other tokens including even popular meme tokens. Then they run after Gru wanting SHD!
Mario grows bigger accumulating Shade which takes him to the Moon!
Check out this Mario video-game meme >>
Another meme that caught my attention was this Mario video-game meme...
This meme video got me nostalgic reminding me of my childhood times playing video games, Mario was one of the first video games I played.
I appreciate the concept portrayed here, it's simple - acquire SHD, accumulate it, and then head to the moon!
I'm glad to be acquiring SHD, and I genuinely believe its price will appreciate, especially during Bull Run periods like we’re experiencing now.
SHD's price action in trading view >>
My creatives explaining the USP of Shade Protocol!
I found these two memes entertaining, but I could not create such cool memes myself. Instead, my memes turned out to be educational infographics. Check them out!
I aimed to highlight the utility of Shade Protocol in my meme, rather than just making an action-packed, entertaining video saying that SHD's price is headed to the moon!
1) Shade Superman with Silk power to save your wealth from eroding
Shade Protocol offers a decentralized, global, and privacy-preserving stablecoin that is SILK.
My Meme conveys that Shade Protocol has a stablecoin product, SILK that would prevent your wealth from eroding.
This is because SILK's value is pegged to commodities like BTC and Gold besides being pegged to the value of global sovereign currencies like the USD, Euro!
Therefore if you hold SILK, instead of a stablecoin like USDC, even if USD loses value, your wealth in the form of SILK stablecoin won't, because SILK's 1$ peg value is supported further by commodities like Gold and BTC!
Infact, SILK's peg is always above the 1$ peg in general.
Definitely, SILK seems to be an asset that hedges against the inflation risk of holding USD alone.
This stablecoin is flexible as well as its peg percentage ratio to different assets can be amended through Governance and adjusted accordingly. Similarly, new assets can be pegged to SILK through Governance, while Silk's peg to any asset can be removed through Governance.
I have explained about Shade Protocol and SILK in this article for those who want a more in-depth understanding about this privacy protocol and the SILK stablecoin build on it!
Shade making it possible to trade in DEFI quietly with privacy
2) Privacy protocol Shade - your invisibility cloak for your crypto holdings in Web3!
This invisibility cloak is familiar to me as a Harry Potter fan. My Graphic explains that Shade Protocol encrypts details of your crypto-holdings.
So, your ATOM in Shade would be sATOM (SNIP 20 format token with privacy-preserving properties) and your sATOM holdings would not be visible in Blockchain as it's stored in encrypted form.
This encryption ability of Shade is powered by Secret Network Blockchain on which Shade is built.
Here is my article explaining how Shade provides much-required financial privacy to DEFI users that Dexs like Curve built on public blockchains are not equipped to provide.
Curve Finance lacks something important which Shade Protocol has - Financial Privacy
To understand about Privacy Blockchain Secret Network on which Shade is build, you can read my article explaining about Secret Network here -
Secret Network, the Blockchain, powering the Web3 space with the missing element of privacy
The leading Privacy Protocol that can turn your crypto holdings invisible! Shade Protocol!
In Hobbit, we encounter this one ring of power that can turn people invisible (Gollum's precious it is).
In Web3, we have Privacy Protocol Shade that turns your crypto holdings invisible!
Your 10 ATOM turns into Secret ATOM (sATOM), the holdings of which is invisible to all public eyes. Same with other cryptos DOT (sDOT), Osmo (sOsmo) etc.
This is what my infographic conveys.
It's unfortunate that the fish can't turn invisible unless it gets converted into a Secret NFT and swims into Shade Protocol I guess!
Right now, Shade Protocol has not yet established interoperability with earth's water bodies to bring dolphins and whales inside rivers and seas into Shade Protocol. Ha!
Check out Web3's most prominent Privacy DEFI protocol - Shade!
Shade is a leading blue-chip privacy DEX and a top-tier privacy DeFi protocol operating on the Secret Network. With an active and growing user base, Shade has effectively accumulated fees in the form of SCRT.
As of now, the Total Value Locked (TVL) in Shade stands at an impressive $25 million, reflecting the strong confidence and engagement from its community.
The protocol has generated remarkable monthly fees totaling $527,000!
This revenue comes from various operations within Shade, including:
- Shade's Automated Market Maker (AMM)
- Shade Money Market
- SHD Staking Module
- Derivative stkd-scrt Minting Module
- Bond Module
- And more!
To explore Shade and uncover its extensive functionalities, check out Shade Protocol>>
SHD token's value is interconnected with Shade Protocol's usage & growth!
Shade's a Web3 financial services platform that offers a comprehensive array of DEFI services. These DEFI services are integrated in one platform, establishing a complete financial ecosystem.
The use of Shade's various modules enhances the value of Shade's native token, SHD!
This is so in Shade Protocol because all the fees in SCRT from its DEFI operations are utilized to buy back SHD tokens, which in turn are distributed as yields to SHD stakers and liquidity providers (LPs).
This creates a significant connection between the value of SHD and the usage of Shade Protocol.
Stakers in Shade Protocol receive real yield in SHD—this yield comes directly from fees generated by the protocol, not from APR inflation.
It’s essential for decentralized exchanges (DEXs) to emphasize the provision of Real Yield APR rewards that maintain their value and do not contribute to token inflation.
I explain this concept here -
Shade's the best place to acquire stkd-scrt!
For a SCRT token holder who wants to acquire stkd-scrt, one of the best ways to acquire it is by swapping SCRT to stkd-scrt in Shade.
As can be gauged stkd-scrt is liquid staked SCRT, users receive for staking SCRT with Secret validators who validate transactions happening in Secret Blockchain.
Users staking rewards will accumulate and add up in stkd-scrt, while they can swap it for SCRT or another asset, use it in DEFI etc freely.
Embracing the Future of Finance with Shade Protocol and SHD
Shade Protocol is a noteworthy player in the world of Web3 financial services, offering a range of valuable solutions that prioritize privacy.
Therefore, its native token, SHD, already holds significant value, making it a quality crypto asset to acquire and hold.
SHD's also Shade Protocol's Governance Token! SHD stakers can vote on Shade Protocol's Governance Proposal. SHD stakers this way feel more involved with Shade as a stakeholder and Shade community member.
As we can involve ourselves with each aspect of the development and changes caused to the Shade Protocol. This starts with getting updates on development happening, discussing it and voting for it, as a informed SHD community participant.
That's why I feel excited to receive eSHD airdrops! These rewards are a testament to my engagement with Shade Protocol, it's nice to feel valued being part of Shade Community.
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