LogoLogo
Launch App
  • ⚡Get Started
    • 1️⃣Step 1: Connect Your Wallet
      • 💳Wallets: Best Web3 Options
      • 💰FOUR Ways to Get Funds onto the Shade App
      • 💰How to move tokens from a CEX to Shade
    • 2️⃣Step 2: Create a Viewing Key
    • 3️⃣Step 3a: Hit The Button -> Buy SHD in >30 seconds
    • 3️⃣Step 3b: Bridge
      • How to bridge to Secret Network
      • How to bridge assets from Secret Network to another chain
    • 4️⃣Step 4: Swap Assets
    • 5️⃣Step 5: Use our Features
      • 💲Bonds Feature
        • How to Claim Bond Rewards
        • How to Purchase a Bond
      • 🏦Borrow Feature
        • Borrow (Silk): How to take out and repay a loan
        • Borrow (Silk Earn): How to Deposit and Withdraw
        • Borrow FAQ
      • 📈Derivatives Feature
      • 📖History Feature
        • What is a transaction hash
        • How to view transaction history
      • 💧Pools Feature
        • How to Enter and Exit Liquidity Pools
        • How to Stake and Unstake
        • How to Claim Rewards
        • 'Mint LP Shares and Stake' vs. 'Mint LP Shares'
        • Liquidity Pool FAQ
      • 💹Portfolio Feature
      • ➡️Send Feature
      • 🔵SILK Feature
        • How to Buy Silk
        • SILK's Peg
        • SILK FAQ
      • 📍Stake Feature
        • How to Stake and Unstake
        • What is stkd-SCRT
      • ⚙️Utilities Feature
      • 🔁Wrap Feature
      • 💠NFTs
        • How to Purchase a Shade NFT
        • How to Verify NFT Ownership
        • How to Sell an NFT
        • How to Bid on an NFT
    • 6️⃣Step 6: Connect with Community
    • 📚Beginner Resources
      • What is SCRT
      • Convert SCRT <> sSCRT
      • ⛽Gas Fees
        • How to Increase Gas Fees:
  • 🌑Advanced Topics: Shade Metaengine
    • 🌑What is SHD
    • 🖥️Tech Stack
    • ✍️Principles
    • ⚕️Ethos
    • 🏛️Governance
    • 🏦ShadeDAO
    • 💰Tokenomics
    • 🌀SHD
    • ✔️Brand
    • 📜Tutorials
  • 🌑Advanced Topics: Apps
    • 🔵SILK
      • Minting & Redemption
        • Overcollateralized Minting
        • Collateral Redemptions
        • Bonds
      • Basket Composition
      • Peg Migration
      • Governance
      • Tutorials
    • 🌉Bridge
    • 💱ShadeSwap
      • Trading
      • Liquidity Providing
      • LP Staking
      • Asymmetric, Concentrated Liquidity
      • Shade Swap Contracts
    • 🦅Lend
      • Stability Mechanisms
      • Risks and Fees
    • 📓Bonds
      • Bond Types
      • Collateral Types
      • Illiquid Markets
      • Issuance Policy
      • Bond Tokenomics
      • Tutorials
    • ♟️stkd-SCRT
      • Feautures
      • User Stories
      • Governance & Validators
      • Tutorials
      • FAQ
    • 💱ShadeX - Money Market
      • Liquidations
      • Logs and Transparency
      • Risk Management
      • Configurations and Restrictions
      • Fees
      • Contracts
  • 💳Wallets
    • Keplr
      • Install Keplr
      • Create Keplr Wallet
      • Import a Keplr Account
      • Import a Ledger Account
    • Fina Mobile
  • Research
    • Audit Log
    • Stablecoins
Powered by GitBook
On this page

Was this helpful?

  1. Advanced Topics: Apps
  2. SILK

Governance

Detailed description of governance with respective to the SILK peg.

The SILK peg is governed by Shade Protocol general governance, as well as the SILK Assembly - a research team and elected multisig that is capable of triggering SILK peg migrations as well as SILK composition changes. Generally speaking, SILK is not intended to be a speculative tool. It is intended to be an index focused on stability in relation to other currencies versus being an intentional inflation hedge (although their are components of SILK that are an inflation hedge).

As such, the SILK Assembly and general Shade Protocol governance must carefully manage expectations and composition changes to be done in as conservative of a manner as possible. These changes should be scheduled on plan on some sort of annual basis, with plenty of transparency about proposed changes. Any sort of change that is not given a multi-month heads up should be vetoed unless there are drastic required changes to a rapid and permanent change in the global economy that should impact SILK's long term thesis and composition.

PreviousPeg MigrationNextTutorials

Last updated 8 days ago

Was this helpful?

🌑
🔵