Holders face permanent token destruction with no guarantee of value as deadline looms for Shade’s privacy protocol

Shade Protocol says only SHD burned before 18:00 UTC on Aug. 21 will qualify for a future Feather allocation, leaving holders hours to choose whether to permanently destroy their tokens for undisclosed terms. The deadline comes amid Shade’s wind-down of its Secret Network applications.

Holders enter through Shade’s burn form, submit SHD, and record an Ethereum-compatible address. The transaction permanently destroys the SHD and cannot be reversed. Feather’s allocation ratio, amount, price, and distribution date remain undisclosed, and Shade’s original explanation says the process does not guarantee a specific amount, price, or timeline. Missing the deadline costs Feather eligibility; meeting it costs the SHD itself.

At 07:48 UTC on Friday, the Shade app displayed the burn form, 4,658,007 SHD under “Global Total Burned” and 3,718,238 under “SHD Supply.” That supply label is not a verified count of SHD still eligible to burn. The app also loaded on-chain data and displayed bridge controls, with a wallet connection required to attempt either action. The check established that the public interfaces and data were available at that time, rather than proving transaction settlement.

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