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This project has been archived by Cardano Cube. A project will be archived when the direct link to their website or social media accounts are broken or if there is too little online activity from the project to still be listed. If you're the owner of this project. You can re-verify your project by contacting us.
We advise you to be cautious and 'do your own research' before interacting with this project. Flagged projects are labelled based on claims by community members contacting Cardano Cube. If you're the owner of this project. You can verify your project by contacting us.
We advise you to 'do your own research' before interacting with this project. This notification is shown based on claims by community members contacting Cardano Cube. If you're the owner of this project. You can verify your project by contacting us.
A crypto-backed algorithmic stablecoin that acts as an autonomous bank, developed by IOG and issued by COTI.
Djed is a stablecoin, based on algorithmic design. It uses smart contracts to ensure price stabilization, and that the coin will be useful for decentralized finance (DeFi) operations. It operates by keeping a reserve of base coins, and minting and burning stablecoins and reserve coins.
Djed operates by maintaining a reserve of base coins, while minting and burning various other stable assets and reserve coins. It is designed to be used for paying transaction fees on the Cardano network. One benefit of this is to make transaction costs more predictable, so avoiding volatile and exorbitant gas fees for users.
