Hitchcock Posted February 1, 2023 Posted February 1, 2023 what are your thoughts on DJED, Cardano's Stablecoin? The paper looks rather complicated. Djed is a stablecoin contract on the Cardano network backed by over-collateralized ADA. It uses a reserve of ADA to mint and burn stablecoins and reserve coins, maintaining a stable price through buying and selling, fees, and revenue accruing in the reserve, which benefits reserve coin holders who support the reserve and accept price fluctuation risk. DJED Cardano Stablecoin Paper.pdf Quote
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