Logo
Cardano Ecosystem

BitcoinEthereumNews

01/22/2023

·

134 views


Cardano DEX, Djed Stablecoin Builder Hint at Major Announcement - BitcoinEthereumNews.com

WingRiders, an automated market maker (AMM) and decentralized exchange (DEX) built on top of Cardano using the eUTxO model, has hinted at a major announcement with COTI, the Djed stablecoin builder.Something...

Cardano DEX, Djed Stablecoin Builder Hint at Major Announcement - BitcoinEthereumNews.com

WingRiders, an automated market maker (AMM) and decentralized exchange (DEX) built on top of Cardano using the eUTxO model, has hinted at a major announcement with COTI, the Djed stablecoin builder.

Something BIG is coming to #WingRidersDEX. Something you have been waiting for quite some time.

WingRiders & @COTInetwork announcement soon 👀

Wanna guess what it is? Comment 👇 pic.twitter.com/vyW7mj4o90

— WingRiders (@wingriderscom) January 20, 2023

“Something BIG is coming to WingRidersDEX. Something you have been waiting for quite some time. WingRiders and COTI network announcement soon.” WingRiders announced the news in a Twitter post, asking users to guess what the announcement could be.

In excitement, several users took turns trying to guess what the upcoming big announcement could be, with some saying it might be the launch of the Djed stablecoin.

A user wrote, “Well, with COTI up and the wingriders announcement, I am going to say: DJED is just around the corner.”

COTI, the native asset of the COTI network, was up 12% in the last 24 hours at $0.077. In August 2022, COTI announced the partnership between the Djed stablecoin and WingRiders. The partnership aims to explore the possibilities of Djed stablecoin integration into the WingRiders DEX.

This could be a key reason for the assumptions pointing to the Djed announcement.

Djed refers to the overcollateralized stablecoin built to power the Cardano ecosystem. Since the introduction of Djed in 2021, COTI has worked with the Cardano IOG team on Djed’s development. Already, over 40 partnerships have been established to enable Djed’s proper utilization.

According to a post made by the Djed stablecoin team on Twitter, the overcollateralized stablecoin is expected to launch this month, January.

The COTI network announced that one of its goals for 2023 is to push Djed to become the dominant stablecoin on the Cardano network. It says that technical improvements for Djed will continue to roll out, including full Vasil support and staking through the smart contract.

Source: https://u.today/cardano-dex-djed-stablecoin-builder-hint-at-major-announcement

Post navigation

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/technolo...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.7K views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)