Cardano Djed Depegs as Reserve Ratio Drops; Community Reacts

Cardano Djed Depegs as Reserve Ratio Drops; Community Reacts

The Cardano algorithmic stablecoin Djed was introduced on the mainnet in January 2023, but according to The Cardano Times (TCT), users are already experiencing issues with de-pegging and unminting. The COTI-issued stablecoin Djed has deppeged on all Cardano decentralized exchanges due to a recent decline in the reserve ratio of the token. The reserve ratio […]

Liqwid Now Offers Cardano’s Djed  Borrowing  and Lending

Liqwid Now Offers Cardano’s Djed Borrowing and Lending

Djed, the overcollateralized, dollar-pegged stablecoin from Cardano, is currently tradable on Liqwid. The opportunities for profit on Djed Holdings keep expanding. The algorithmic stablecoin’s creators, COTI, revealed the development today by sharing a Twitter thread from Liqwid Labs.  Users might also pledge qDjed, a stablecoin derivative, as security to borrow ADA, claims Liqwid Labs.  The […]

Cardano Stablecoin Djed is Now Live on Mainnet

Staking for Cardano DJED and SHEN is now Introduced on Bitrue

After more than a year of development, Djed, a decentralized stablecoin linked to the US dollar, emerged on the Cardano blockchain.  Input Output, a core developer for Cardano, and Coti, a blockchain company, jointly created Djed. The value of Djed is intended to stay close to the dollar and is supported by an excess of […]

Speculations to Integrate Cardano Stable Coin Djed On Cardano DEX

Staking for Cardano DJED and SHEN is now Introduced on Bitrue

WingRiders is already working with COTI to integrate Djed at launch. Djed, the Cardano stable coin, may soon be available on the famous Cardano DEX. WingRiders, a popular Cardano decentralized exchange, teased an announcement with COTI, the issuers of Djed, Cardano’s stablecoin, in a tweet yesterday, generating suspicion of a significant Djed development. It is […]

The Founder of Ethereum Believes That Global Stablecoin Would Be a Revolution

Ethereum

Vitalik Buterin, the co-founder of Ethereum (ETH), was the most recent guest on Bankless. David Hoffman, the co-founder of Bankless, first asked Buterin to reflect on the previous year and all the lessons learned in 2022. Buterin responded that 2022 would be a difficult year. And it was true. Despite several negative “blowups,” the 28-year-old […]

Djed 1.1.1 Now Available on Testnet, With Vasil Compatibility and New User Capabilities

Djed 1.1.1 Now Available on Testnet, With Vasil Compatibility and New User Capabilities

Cardano Stable Coin Djed 1.1.1’s testnet launch added Vasil compatibility and new user capabilities. In a tweet sent out yesterday, Cardano’s Djed stablecoin’s issuer, COTI, revealed that it had relaunched the stablecoin on the testnet. According to the associated Medium blog post, testnet version 1.1.1 contains additional functionality as part of its integration with the […]

Highlights from the Cardano Summit 2022; Future Relationship with UNHCR Switzerland

Metrics Indicate Cardano Is Undervalued As Accumulation Increases

After the Cardano Summit 2022, some of the most noteworthy moments of the gathering provided some fascinating information and announcements of ground-breaking innovations.  Some of these upcoming activities include a collaboration between Cardano and the UNHCR in Switzerland and the introduction of the stablecoin USDA from EMURGO. CEO of the Cardano Foundation, Frederik Gregaard, shared […]

Model for Upholding the Cardano Stablecoin  DJED Peg is Now Available

Djed 1.1.1 Now Available on Testnet, With Vasil Compatibility and New User Capabilities

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 […]

The Best 5 Crypto Lending Platforms on Solana

The Best 5 Crypto Lending Platforms on Solana

Solana, which amassed the most TVL in AMM and Yield Aggregator, is the ecosystem that had exceptional growth in 2021. Lending is anticipated to be the next component of the DeFi stack to successfully capture the incoming cash flow in Solana after the rapid expansion of AMM and Yield Aggregator. At this time, we can […]

Stablecoin: All About this Type of Cryptocurrency

Stablecoin: All About this Type of Cryptocurrency

Stablecoins are a type of cryptocurrency whose purpose is to follow the price of an asset such as a fiat currency like the dollar and euro or other tangible assets. Their aim is to bring stability and confidence to the market. Stablecoins have managed to establish themselves as a major pillar of the industry over […]