- The anticipated launch of Cardano’s Djed stablecoin has been announced by COTI, right on schedule.
- The price of ADA has not shown any significant effect on the successful mainnet launch of Djed, and it remains to be seen if the launch will send ADA prices in an upward trend.
- Cardano’s transaction minimums are 5,000 DJED / 5,000 SHEN for minting.
Giao thức Layer-1 COTI đã công bố chính thức ra mắt DJED, Stableecoin gốc của Cardano (ADA), vào ngày 31 tháng 1 năm 2023.
Djed is LIVE!!!https://t.co/a9CWJtT4z4
Visit https://t.co/p7eV0jd400$DJED $SHEN $COTI @InputOutputHK @Cardano@Cardano_CF pic.twitter.com/9W7au8imrr
— COTI (@COTInetwork) January 31, 2023
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Sự ra mắt của Djed stablecoin dự kiến sẽ tăng tổng giá trị bị khóa trên hệ sinh thái Cardano và cung cấp sự ổn định và phần thưởng cho chủ sở hữu thông qua hệ thống phân bổ phí và cấu trúc overcollateralized của nó. COTI tiếp tục thông báo rằng:
“Sự ra mắt mainnet công cộng được dự đoán nhiều của Djed báo hiệu một kỷ nguyên mới cho stablecoins. Ra mắt Djed là một cột mốc quan trọng đối với COTI, hệ sinh thái Cardano, và cho toàn bộ hệ sinh thái DeFi.”
Tại thời điểm viết bài này, giá của ADA cho thấy một phản ứng nhỏ, hiện đang giao dịch ở mức không thay đổi $0.37 USD trên biểu đồ giá một ngày.
One-day price chart for Cardano (ADA). Source: CoinMarketCap
What Will Djed Be Used for?
According to the final update by COTI before the official launch, the protocol successfully bootstrapped ADA liquidity, further stating that, with the help of major ADA holders, the Djed reserve ratio was provisioned up to a “healthy 600%.”
The issuers claim that the 600% reserve ratio is optimal for the launch and will “allow users to mint both DJED and SHEN upon launch.”
Djed’s reserve ratio is designed to remain overcollateralized with enough reserve in the contract, even if ADA prices decrease. Users who hold $SHEN, the reserve coin backing Djed, will provide liquidity to the reserve pool in the form of $ADA by minting $SHEN on the platform.
Djed can be accessed at djed.xy and is available on MinSwap, Wingriders, and MuesliSwap, with more exchanges on the Cardano blockchain expected to be listed soon. This allows users to hold, mint, and burn DJED and SHEN tokens, and Bitrue will be the first exchange to list DJED and SHEN.
Besides DeFi opportunities, Djed is also pegged to USD and backed by ADA, with a reserve ratio of 400%-800%. SHEN holders benefit from rewards, including LP rewards, farming rewards, and minting and burning fees.
Djed operates with fees paid in ADA which will be converted into $COTI for distribution as rewards. Further development includes introducing Vasil features in version 1.2, dynamic fees and prices in version 1.3, and adding other coins as collateral to mint Djed on the Cardano Network.
Trên Flipside
- Apart from some reported regulatory restrictions in the US, the launch of the stablecoin is being celebrated by the Cardano community.
- A tweet by the official account for Shareslake humoristically informed the Cardano community that users could mint $RUSD stablecoin for $1.00 on its platform, in contrast to the Cardano’s transaction minimums of 5,000 DJED / 5,000 SHEN for minting.
Tại sao bạn nên quan tâm
The launch of the Djed stablecoin has been highly anticipated to bolster the Cardano ecosystem. However, it remains to be seen to what extent the community will mint, burn, and stake on the Cardano platform to facilitate the efficacy of the stablecoin.
Read more about the new stablecoin:
Cardano’s Djed Stablecoin Launch: What to Expect
Read more about the Cardano ecosystem:
What Is Cardano, and How Does It Work?
