# SILK Feature

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#### <mark style="color:purple;">What is SILK?</mark>

**The short answer:** Silk is our stablecoin powered by Shade Protocol. &#x20;

<mark style="color:purple;">**Token Symbol:**</mark>**&#x20;SILK**

**The long answer:** SILK is a privacy-preserving collateralized reflexive currency pegged to a basket of global currencies and commodities. With six second transactions, SILK is fast and agile. SILK is a futuristic stablecoin that acts as an interoperability hub between global currencies - acting as a perpetual hedge against macro volatility and inflation.

Stablecoins to date suffer from four key problems:

* Stability
* Foreign Exchange Risk (FX Risk)
* Privacy
* Interoperability

SILK uniquely solves each of these components, positioning itself to be a truly futuristic Web3 currency.

#### <mark style="color:purple;">**Everything you need to know about Silk in 3 minutes below:**</mark>

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<mark style="color:purple;">**Where can I find Silk’s whitepaper:**</mark>

<https://4000103535-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FGSBEdPwWy2UsGV3OHPY5%2Fuploads%2Fy8hW7RY3ePAnVQI8aDiE%2FSilk%20Whitepaper%203.0.pdf?alt=media&token=ca98686f-151e-4505-9023-2dc3df556036>

#### <mark style="color:purple;">**Silk's Peg**</mark>

Silk’s peg is composed of this weighted index of global value. USD, CAD, Euro, JPY, Gold, and BTC. Read more about it [here](https://shadeprotocol.io/shade-guide/silk-peg).

{% embed url="<https://youtu.be/B-KDlctF1Ds>" %}

#### <mark style="color:purple;">**Is Silk governed? What is Silk’s governance**</mark>

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.&#x20;

#### <mark style="color:purple;">**How much circulating supply of SILK is available**</mark>

The amount of Silk supply fluctuates based on market demand. This number can be found on our [Silk page](https://app.shadeprotocol.io/silk) of our app under “Silk Supply”.&#x20;

The amount of SILK that is circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).

#### <mark style="color:purple;">**How to buy $SILK**</mark>

Learn how to buy $SILK on the Shade App [here](https://shadeprotocol.io/shade-guide/how-to-buy-silk).

#### <mark style="color:purple;">**Social Channels for Silk:**</mark>

[X (formerly Twitter)](https://twitter.com/Silk_Stable)

[YouTube](https://www.youtube.com/@shadeprotocol)<br>

***

*Information provided in this post is for general informational purposes only and does not constitute formal investment advice. Please read the full disclaimer at* [*shadeprotocol.io/disclaimer*](https://shadeprotocol.io/disclaimer) *before relying on any information herein.*