SHADOWLink General
SHADOWLink is the world's first Inversely Pegged Synthetic Asset, an experiment into shorting on Decentralized Exchanges using elastic properties.
The goal at SHADOW is to provide the community with a new way to hedge against Chainlink using the idea of inverse pegging.
>Website
shadow.link
>Whitepaper
pdfhost.io
>Telegram
t(DOT)me/shadowforklink
>Twitter
twitter.com
>Medium
medium.com
FIRST MEDIUM ARTICLE
shadowlink.medium.com
release is slated for this week.
Excerpts from the article:
>Elastic supply tokens pegged directly to various assets have paved a new avenue for synthetic commodities. While some projects, such as AMPL, have demonstrated exceptional success with their countercyclical economic policies. DeFi protocols such as SBTC, xETH, SYFI, and many others, have ultimately failed to prove their viability in the market — leaving early enthusiasts, presalers, and HODLers with a bad taste in their mouths.
Image for post
>The team of developers at SHADOW have been reinventing how these tokens work by considering a key factor other projects have failed to address — utility. While some of these projects have succeeded in generating much attention through guerilla marketing, their ultimate failures can be attributed to a lack of inherent value. Over the course of the past few months, we’ve learned that pegging a token to an existing asset does not instantaneously generate equivalent value. The argument at SHADOW is that in order for a pegged synthetic asset to create and maintain value, it must provide some utility to its community and holders.
>The goal at SHADOW is to provide the community with a new way to hedge against Chainlink using the idea of inverse pegging. The natural question to ask, is what does this even mean? Here’s how the team of developers at SHADOW explain inverse pegging:
>Let’s say that we want to create a certain relationship between SHADOW and LINK. We can start by representing the former using the variables y and x, respectively. Since the inherent value of either is subject to change, and we know that the variable y depends on the variable x, we can model this scenario using a simple inverse function. (pic rel)
>Y(x) represents an exponential decay function, where the independent variable (x-axis) is represented by the LINK USD price. The dependent variable (y-axis) is the price point of the inverse peg. This is where SHADOW will ultimately peg to. (pic rel)
>Ultimately, the protocol in the contracts we deploy will be much more intricate than the function you see above. It has a plethora of other factors, such as dampening functions to protect against drastic market and LINK price fluctuations. The inverse peg is one of SHADOW’s unique takes on rebase coins, which has not yet been explored in other DeFi protocols. Many blockchain developers are pouring research into developing ways to short ERC-20 tokens on decentralized exchanges. The main exchange for SHADOW, Uniswap, sees around 300 million USD in volume daily. This highlights the need for a form of option trading on Uniswap — this is where SHADOW comes in. The question that stands — can we use the inverse peg to create a method by which a community of users can hedge the direction of LINK?
All big info will be dropped in the tg.
This is essentially the gateway to shorting on Dexs, skipping over KYC and other red flags.
This is just the first project developed in a soon to be expansive "Shadow Ecosystem", other projects will be shadowforked, joining in over time. It's slated for release this week, as well.
>inverse pegging
whatever you and your wife do is your business
wouldn't that just be regular sex
You are letting biz know way too early
They aren't ready for the hype thats about to come.
youtube.com
GEE THIS TOTALLY WON'T HAPPEN AGAIN
>posts a random shit project (tf is nulink)
user i think you are comparing apples to oranges
>shadow.link
There are BOGs on the website and that's enough for me SO I MUST BUY
WHERE DO I BUY
HOW BUY
From the TG
>There will be a small (125 ETH) presale on Sunday 9:00pm UTC to help fund initial liquidity.
In addition to the liquidity from the presale, there will also be a Liquidity Mining Program at launch which will be further expanded on in an upcoming Medium article. Stay tuned!
It's rolling!
EVERY TIME I SEE THAT PHRASE
>an experiment
>InVeST iN mY EXpeRimEnT
>doesn't realize YFI was also an experiment.
BASED
guys get fucking serious for once
I was able to stack 3 shadows in a row, bet you fags can't beat me
I've read your whitepaper.
May kek bless you
you havent lived if you havent created the shadow ball yet
Also, check em. He is here!
I'm officially on the hype train after this sign
I can't even get three and it fills me with rage
checked...
nigga do not ruin my shadowfork plan
sry for beeing a brainlet but how will this turn out if LINK would moon? cant really have negative keys now can you?
kek sorry dude, it's over
KEK
I was just thinking this.
A coin named after a meme from 2017 isn't a random shit project? That's a hot take, retard.
I unironically believe in this
lets look at hex2t
>meme coin but cool idea and good execution
grows fucking massively.
now lets look at SHADOW
>meme coin but cool idea and good execution
??????
nothing wrong with a hedge with a cool name imo
By all means hold through every single dip forever if you want
Kek