Silk is a privacy-preserving, overcollateralized stablecoin that was pegged to a basket of global currencies and commodities and powered by Shade Protocol. Shade Protocol announced in June 2026 that Silk was being wound down, with no further minting to occur as the protocol entered maintenance mode. Silk's Twitter Score is 7.8 out of 1000 as of October 2026, ranking #115,708 among 493,668 tracked accounts.
Silk was built on Secret Network and operated through Shade Protocol, using overcollateralized minting, collateral redemptions, and bonds as its core stability and issuance mechanisms. Its privacy-first design distinguished it from conventional stablecoins by shielding transaction details while maintaining a peg derived from a diversified basket of global currencies and commodities rather than a single reference asset. Silk also expanded into the Kujira DeFi ecosystem, with a SILK/USK market established on Kujira's FIN order book.
Silk has 3,243 followers as of October 2026 and has published 2,041 posts. Silk has been mentioned by 8 accounts a total of 95 times.
Who follows Silk on X?
The accounts that follow Silk include 22 founders, 4 angel investors and 15 influencers. Among them are Andy, Gabriel Shapiro, MoonPay, Ethan Buchman, Minion and David.