COTI’s Djed Platform Gets Cross-Chain Features Upgrade
COTI has improved its Djed platform by supporting multiple wallets, including Flint, GeroWallet, Yeroi Wallet, Typhon Wallet, and NuFi. This is a step towards enhancing the platform’s capabilities. According to COTI, adding the wallets to the Djed protocol would make it easier for more people to create and burn DJED and SHEN, boosting the stablecoin’s […]
Staking for Cardano DJED and SHEN is now Introduced on Bitrue
For the recently released Cardano stablecoin DJED and its reserve currency SHEN, staking has been implemented by Bitrue, a well-known cryptocurrency exchange and financial goods provider based in Singapore. In just fifteen days, Bitrue promises an enormous annual percentage yield (APY) of 50%. According to a tweet from the official Bitrue Twitter account, which revealed […]
More Than 1.85M Cardano-backed Djed Stablecoin Minted and 40K Burned in Under Two Days
Cardano’s Djed stablecoin’s official issuer, COTI Network, has provided information about DJED’s development. It was reported by COTI that ADA-backed stablecoin has sparked a significant amount of interest and participation since it launched on the mainnet . In a recent blog post, COTI stated that while 40K DJED units were burnt, a staggering 1.85M DJED […]
Reap Rewards For ADA Deposits by Holding Cardano’s Stablecoin Reserve Coin
Rewards for ADA stored in Djed’s smart contract at launch will be given to holders of the reserve currency of Djed, SHEN. This information was disclosed by COTI, the company behind the Cardano stablecoin Djed, in a yesterday Twitter-shared Medium blog article. The story claims that it is a short-term measure. According to COTI, Djed […]
Cardano Stablecoin DJED and Reserve Coin SHEN Set to Launch Next Week
Yesterday, Minswap tweeted that Djed would be listed under the trading pair ADA/ DJED. Along with Djed, Minswap also revealed that SHEN, the protocol backup token, would be traded on the decentralized exchange. DJED and SHEN would be listed, although Minswap would not give a specific date. However, the decentralized exchange expects to list the […]
Cardano DJED and SHEN, its Reserve Coin to be Listed on Bitrue Exchange
Upcoming stablecoin, Cardano DJED and its reserve coin SHEN will be listed on Bitrue, a well-known Singaporean exchange with branches in the United States and Europe. The exchange intends to put DJED and SHEN on its platform as the first, and it will soon announce the official listing. Bitrue’s long association with the Cardano network […]
Model for Upholding the Cardano Stablecoin DJED Peg is Now Available
The model, which includes a mint and burn mechanism using DJED and SHEN, has been made available for preserving the peg of Cardano’s stablecoin Djed. Djed, a stablecoin that Cardano will shortly introduce, will keep its peg through an algorithmic mechanism that alternates minting and burning operations to preserve the stablecoin’s collateral ratio with the […]