05-04-2022, 09:11 PM
Djed - the first algorithmic stablecoin on Cardano is now on Testnet
<!-- SC_OFF --><div class="md"><p>Pronounced "Jed" this is the first native algorithmic stable coin for Cardano. </p> <p>Djed is a decentralized, algorithmic stablecoin that is built on Cardano. An algorithmic stablecoin maintains stability through a combination of collateral and a reserve token. In this case, Shen is Djed’s reserve coin and has the role of ensuring price stability — specifically it guarantees the collateralization rate and the peg of the stablecoin.</p> <p>Furthermore Coti holders will also benefit as a portion of the transaction fees go into Coti funds. </p> <p>Watch the video in the link to find out more.</p> <p><a href="https://medium.com/cotinetwork/djed-public-testnet-is-live-b0b0b13552e0">https://medium.com/cotinetwork/djed-public-testnet-is-live-b0b0b13552e0</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ReddSpark"> /u/ReddSpark </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ui49d3/djed_the_first_algorithmic_stablecoin_on_cardano/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ui49d3/djed_the_first_algorithmic_stablecoin_on_cardano/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Pronounced "Jed" this is the first native algorithmic stable coin for Cardano. </p> <p>Djed is a decentralized, algorithmic stablecoin that is built on Cardano. An algorithmic stablecoin maintains stability through a combination of collateral and a reserve token. In this case, Shen is Djed’s reserve coin and has the role of ensuring price stability — specifically it guarantees the collateralization rate and the peg of the stablecoin.</p> <p>Furthermore Coti holders will also benefit as a portion of the transaction fees go into Coti funds. </p> <p>Watch the video in the link to find out more.</p> <p><a href="https://medium.com/cotinetwork/djed-public-testnet-is-live-b0b0b13552e0">https://medium.com/cotinetwork/djed-public-testnet-is-live-b0b0b13552e0</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ReddSpark"> /u/ReddSpark </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ui49d3/djed_the_first_algorithmic_stablecoin_on_cardano/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ui49d3/djed_the_first_algorithmic_stablecoin_on_cardano/">[comments]</a></span>