Unlocking Privacy in Crypto: Carter from Shade Protocol Talks Privacy, and the Future of Blockchain

03/20/25 • 48 min

In this insightful episode, Phillip Simon sits down with Carter from Shade Protocol to dive deep into the world of privacy in cryptocurrency. They explore the critical role privacy plays in ensuring security and user autonomy in the evolving crypto landscape. Carter shares valuable insights into the innovative features of Shade Protocol, including its cutting-edge ShadeX platform, which is transforming the way users engage with decentralized finance (DeFi).

The discussion covers the Secret Network, a groundbreaking project focused on private smart contracts, and how Shade Protocol is leveraging this technology to offer a truly confidential experience for its users. Carter also explains the unique aspects of Shade's lending and borrowing platform, which sets itself apart from traditional DeFi platforms. They also touch upon the over-collateralized stablecoin, Silk, designed to maintain stability while offering greater financial flexibility.

Throughout the conversation, Phillip and Carter address the challenges faced by the cryptocurrency ecosystem, including scalability, security, and privacy concerns. Finally, they explore the exciting roadmap for Shade Protocol, discussing future updates and how Shade is positioning itself to shape the future of privacy-focused decentralized finance.

This episode is a must-listen for anyone interested in the intersection of privacy, security, and innovation in the cryptocurrency space, as well as those looking to learn more about the future of Shade Protocol and its unique offerings.

Takeaways
Privacy is essential for protecting individual liberties in decentralized finance.
The future of crypto will see more integration with everyday finance.
Shade Protocol is built on the Secret Network, which enhances privacy.
Tornado Cash serves a different purpose compared to Shade Protocol.
ShadeX offers unique features like encrypted lending and borrowing.
Silk is an over-collateralized stablecoin that has outperformed the dollar.
The crypto space is currently facing challenges due to past collapses.
Shade Protocol aims for a sustainable economy with zero emissions.
Community engagement is crucial for the growth of Shade Protocol.
Patience is key in the evolving crypto landscape.
Chapters
00:00 Introduction to Shade Protocol and Privacy
04:03 Understanding the Secret Network
11:58 Privacy in Cryptocurrency: Tornado Cash vs. Shade
17:36 Navigating the Shade Platform
24:16 The Concept of Silk: A New Stablecoin
27:15 Overcoming Challenges in the Bear Market
29:12 The Road Ahead for Shade X
35:54 Bridging Assets and Security Risks
42:21 Tokenomics of Shade
45:00 Community Engagement and Updates

X Account: https://x.com/Shade_Protocol

X Shade account: https://x.com/Silk_Stable

Website: https://app.shadeprotocol.io/silk

Blue Collar X account: https://x.com/bccryptolearn

Education Hub: https://bluecollarcrypto.io/

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X Account: https://x.com/Shade_Protocol

X Shade account: https://x.com/Silk_Stable

Website: https://app.shadeprotocol.io/silk

Blue Collar X account: https://x.com/bccryptolearn

Education Hub: https://bluecollarcrypto.io/

Previous Episode

Plank Network: #1 Mobile-First Crypto, DeFi, Airdrops & The Future of Tokenomics!

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In this episode of Blue Collar Crypto, Phillip Simon sits down with Thom Forthex from Plank Network to discuss the future of mobile-first blockchain development and how it’s shaping the crypto industry. 🚀

Thom shares his journey from Web2 to Web3, the unique features of Plank Network, and their ambitious roadmap designed to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). This conversation covers everything from tokenomics and governance to market challenges, decentralized exchange (DEX) features, and how Plank Network is making crypto more accessible on mobile devices.

💰 Exclusive Airdrop Alert! Thom announces a major airdrop for Cosmos stakers tied to the launch of a new stablecoin! If you're a Cosmos ecosystem participant, this is an opportunity you don’t want to miss!

💡 Key Topics:
✅ Mobile-first crypto adoption 📱
✅ Bridging TradFi & DeFi
✅ Transparent tokenomics (No vested tokens!)
✅ The Plank DEX & multi-chain wallet Castrum 🔥
✅ Community-driven development & governance
✅ Airdrop details for Cosmos stakers 🌟
📢 Don't miss this deep dive into the future of crypto accessibility and DeFi innovation! Subscribe for more blockchain insights and exclusive interviews!
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https://t.co/VzOR7tXCfR Physica Finance
https://t.co/hBTTSLW0Ze Astonic
https://t.co/MRPBcCEM3z Telegram
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Blue Collar X account: https://x.com/bccryptolearn

Education Hub: https://bluecollarcrypto.io/

Next Episode

Reimagining Crypto with JG from Backbone Labs | NFTs, Liquid Staking & the Soul of Cosmos

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Links
WebSite: https://app.backbonelabs.io/
Omniflex: https://omniflix.tv/bluecollarcrypto
X Blue Collar Crypto: https://x.com/bccryptolearn
X Backbone Labs: https://x.com/BackBone_Labs
In this powerful episode of Blue Collar Crypto, host Phillip Simon sits down with JG from Backbone Labs—a standout builder in the Cosmos ecosystem. From NFTs to liquid staking derivatives, this conversation dives deep into the next evolution of decentralized finance, with a focus on community, innovation, and keeping the soul of crypto alive.
What You'll Learn in This Episode:
How Backbone Labs is pioneering NFT-fi and supporting creators with innovative tools.
The real purpose of NFTs beyond speculation: community building and engagement.
Why liquid staking is changing how users earn yield and access capital in DeFi.
JG's personal journey into crypto, shaped by curiosity, a desire for freedom, and a deep understanding of how financial systems really work.
The challenges Cosmos still faces—like user experience and marketing—and how builders are working to overcome them.
A look ahead at the upcoming $SOLE token, and why it may bring something truly unique to the ecosystem.
The importance of collaboration over competition in Web3.
Why understanding the true nature of money is critical in the crypto revolution.
Whether you're a developer, validator, investor, or simply curious about the future of blockchain, this episode will leave you with new perspectives, deeper understanding, and renewed passion for what crypto can achieve.
About Our Guest – JG from Backbone Labs
JG is a core contributor to Backbone Labs, an experimental NFT-fi protocol pushing boundaries in the Cosmos ecosystem. With a deep passion for decentralization, JG believes in empowering users through education, financial literacy, and community-first tools.

What is Backbone Labs?

Backbone Labs is an experimental protocol building NFT-fi infrastructure within the Cosmos ecosystem, with a strong focus on liquid staking derivatives (LSDs) and community-driven innovation.

At its core, Backbone Labs is trying to solve two major problems:

How to give more utility to NFTs, turning them into dynamic, yield-generating assets rather than just static images.
How to empower creators and holders through tools that allow them to participate in DeFi without sacrificing liquidity or ownership.

Here’s what makes Backbone Labs unique:

NFT-Fi Fusion: They’re blending NFTs and DeFi, allowing users to stake, borrow, and earn using NFTs as more than collectibles.
Liquid Staking Tokens: Users can stake assets (like ATOM) and receive liquid tokens in return—these can then be used in other DeFi protocols. This increases capital efficiency without locking funds away.
Support for NFT Creators: They’re designing an ecosystem that gives artists and builders tools to mint NFTs, create experiences, and access new revenue streams.
Community-First Design: Every feature they launch aims to lower the barriers to entry into Web3, support sovereign communities, and stay true to the values of decentralization.

The upcoming $SOLE token will be the cornerstone of this protocol, acting as both a governance token and a utility token that brings real value to users and builders within the NFT-Fi space.

JG and the Backbone team are not just shipping code—they're thinking deeply about the philosophy of money, ownership, and freedom, and how blockchain can reshape how we con

Blue Collar X account: https://x.com/bccryptolearn

Education Hub: https://bluecollarcrypto.io/