Cardano Decentralized Exchanges Back Djed Stablecoin Launch - BitcoinEthereumNews.com
– Advertisement –Summary:MinSwap and MuesliSwap will support Cardano’s stablecoin Djed with token listings as well as liquidity pools to attract investors.Crypto exchange Bitrue will also list the coin and...
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Summary:
- MinSwap and MuesliSwap will support Cardano’s stablecoin Djed with token listings as well as liquidity pools to attract investors.
- Crypto exchange Bitrue will also list the coin and its governance token Shen.
- Developers expect to launch Djed sometime next week across over 40 Cardano-native DeFi protocols.
Cardano’s crypto-backed stablecoin Djed will receive backing from two decentralized exchanges – MinSwap and Muesliswap. Both DEXs disclosed support for the token ahead of its launch expected to happen next week.
The two exchanges plan to list Djed as well as the token’s governance crypto dubbed Shen. MinSwap which is currently the biggest dex on ADA’s chain promised to list pairs for both Djed and Shen. Both tokens will also be added to a liquidity pool to attract investors and field returns for liquidity providers.
Developers plan to support up to 25% APR on ADA/DJED and ADA/SHED pairs to propel the stablecoin, per reports.
Source: https://coinotizia.com/cardano-decentralized-exchanges-back-djed-stablecoin-launch/
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