@coti

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Since its launch, the COTI Treasury has grown rapidly with more than 500M $COTI tokens deposited, capturing over 43% of COTI’s circulating supply!

Since the successful launch of Djed, the protocol has been stable and more than 31M ADA have been deposited in the reserve.

gCOTI, COTI’s Treasury governance token, and the first CMD token that has been issued on top of COTI’s MultiDAG 2.0 was generated and minted, today, February 14th, 2023 at 12:59:29 UTC.

We are happy to share a new Djed update with you. As stated in the past, we will keep on improving the product on an ongoing basis, including releasing enhanced versions in the future.

After over a year of preparations and development, and following a successful security audit, we are very proud to announce that Djed, the overcollateralized stablecoin on Cardano, is now live on mainnet!

As updated earlier, the chain-index sync was successfully completed and we’re getting closer to launch. Get ready!

Back in 2021, during Charles Hoskinson’s closing keynote speech, It was announced that COTI will be powering Djed and since then we have been developing Djed, the overcollateralized stablecoin.

We are pleased to share another update about Djed’s progress and to inform you that the launch is scheduled for next week.

We are happy to share that a new Mainnet Node has been added to the COTI network: Tracer Node! The new node is already live and it is the first new Mainnet node to be added in 2023!

2022 has been a turbulent year in crypto, but the fundamentals remain the same. COTI was born during the 2017–2018 cycle and our DNA was forged as builders during times of distress. We’re in this for the long run.

In an effort to maintain transparency and consistency in our updates, we are pleased to share updates on Djed’s progress and development. We are still on track with the launch that has been planned for January. Here is a breakdown of updates and developments that we have been working on for the past few weeks:

As we approach the launch of Djed, we believe it is important to educate more on the category of stablecoin to which Djed belongs.

We are happy to announce a new Djed partnership, this time with Yepple, a blockchain development company that sets up NFT payment gateways that utilize any fungible native token as a means of payment.

While the world around us has been a bit crazy, here at COTI, we have been focused on developing and building great products.

We are proud to announce that MultiDAG 2.0 hard fork event was successfully completed and the Mainnet is now live! The event took place earlier today, during which Explorer 2.0 was also deployed to Mainnet, alongside the Bridge 2.0 wallet app. This was made possible after all node operators upgraded their nodes to version 3.1.2, in addition, Huobi and Kucoin have also upgraded their nodes and apps. The code can be viewed on our GitHub.

We are happy to share that the public Testnet version 1.1.1 of Djed has been reactivated on djed.xyz

Following MultiDAG 2.0 Mainnet deployment, we will also deploy the Bridge 2.0 app on the COTI Pay VIPER Wallet. The Bridge 2.0 wallet app will include the following features: