# SILK Feature

{% embed url="<https://t.co/DWfugZTNXN>" %}

#### <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>

{% embed url="<https://youtu.be/SLhi-aeLmGE?feature=shared>" %}

<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.*


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.shadeprotocol.io/shade-protocol/get-started/step-5-use-our-features/silk-feature.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.