Automated Market Maker
Become a liquidity provider and earn passive income. 
In Cardax anyone can become a liquidity provider and start earning CDX tokens. 

Cardax DEX allows liquidity providers and traders to participate in a financial marketplace that is open and accessible to all.    

We make it possible to swap any Cardano native token.
Cardax DEX will allow users to trade any Cardano native token.  Want to trade a native token for ADA or a native token for another native token? We got you covered.

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Cardano Price Prediction 2023, 2024, 2025: Will ADA Coin Price Rebound In 2023?

<div id="content"><div><div><div id="primary"><div><div><p><img decoding="async" data-sizes="auto" data-srcset="https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=75&amp;resize=75 75w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=100&amp;resize=100 100w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=150&amp;resize=150 150w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=240&amp;resize=240 240w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=320&amp;resize=320 320w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=500&amp;resize=500 500w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=640&amp;resize=640 640w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=800&amp;resize=800 800w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=1024&amp;resize=1024 1024w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=1280&amp;resize=1280 1280w,  https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png?w=1600&amp;resize=1600 1600w" data-src="https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png" src="https://i1.wp.com/cryptodailycdn.ams3.cdn.digitaloceanspaces.com/unnamed-1-39.png"></p><div><p><span>COTI CEO Shahaf Bar-Geffen has appeared on stage at the annual Cardano Summit in Lausanne, where he confirmed that the company&rsquo;s algorithmic stablecoin will launch in January after the conclusion of a full audit.</span></p><p><span>&ldquo;Djed going to public mainnet is a great achievement, following a lot of hard work from IOG (Input Output Global) and</span><a target="_blank" href="https://coti.io/" rel="noopener"> <span>COTI</span></a><span>,&rdquo; said Bar-Geffen. &ldquo;Recent market events have proven once again that we need a safe haven from volatility, and Djed will fulfil this role in the Cardano network.&nbsp;</span></p><p><span>&ldquo;We need a stablecoin that is decentralized and has on-chain proof of reserves: Djed is just that and I see it becoming the top stablecoin on the Cardano network.&rdquo;</span></p><h2><span>Slow and Steady Approach</span></h2><p><span>COTI&rsquo;s announcement of a launch date was teased several days ago, and the hype has been steadily building for Djed, an over-collateralized algorithmic stablecoin which will be integrated out of the gate with various COTI partners, not least DEXs, launchpads, wallets and lending protocols. According to Bar-Geffen, further partnerships will also be announced throughout 2023.</span></p><p><span>The decentralized exchanges integrated with Djed from January, which include AdaSwap, Cardax, SundaeSwap and ADAX, will offer increased rewards to users who supply liquidity using the COTI-powered stablecoin. Djed will include Vasil hard fork compatibility, with future versions expected to introduce dynamic fees and prices and also support staking.</span></p><p><span>An enterprise-grade layer-1, COTI has taken a slow-and-steady approach to the issuance of Djed, which was first announced at the 2021 Cardano Summit in Wyoming. On the main stage at </span><a target="_blank" href="https://summit.cardano.org/" rel="noopener"><span>this year&rsquo;s event</span></a><span>, Bar-Geffen stressed that COTI was keen to ensure several rigorous stress tests had been completed before Djed debuted on the Cardano mainnet, and that $ADA liquidity had gradually been provided to the Djed smart contract in line with this approach.</span></p><p><span>While other blockchain networks have dominant dollar-pegged stablecoins, most notably USDT (Tether) and USDC (USD Coin) on Ethereum, Cardano has not benefited from such an ecosystem to date. As the only blockchain network to have conducted KYC/AML on all users since launching in 2017, COTI believes it is well placed to issue a stablecoin that is dependable, regulation-ready, and highly secure.</span></p><p><span>Built on Cardano and powered by COTI, Djed is essentially an algorithmic stablecoin protocol that functions like an autonomous bank, buying and selling stable assets based on a price range set by a target price. Pegged 1:1 with the US dollar, Djed is backed by a base coin ($ADA) and uses </span><a target="_blank" href="https://medium.com/cotinetwork/introducing-shen-djeds-reserve-coin-93847cd34442" rel="noopener"><span>$SHEN</span></a><span> as a reserve coin.&nbsp;</span></p><p><span>The algorithmic underpinnings of the asset relies on a collateral ratio within the range of 400-800% for $DJED and $SHEN in order to guarantee that there is sufficient $ADA in the pool.</span></p><p><span>Cardano founder Charles Hoskinson has long touted Cardano&rsquo;s potential as a DeFi powerhouse. Last year, he even</span><a target="_blank" href="https://twitter.com/CardanoDeFiCDA/status/1473043028604448768?s=20&amp;t=ShFwHFFYp9ovVLJ2dL7pPg" rel="noopener"> <span>introduced</span></a><span> the Cardano DeFi Alliance (CDA) with the goal of creating a robust and dynamic ecosystem for the next wave of DeFi innovation. With the forthcoming launch of Djed, not to mention another US-pegged stablecoin, USDA, that vision is gradually coming into clearer focus.</span></p><p><span>In light of recent market turbulence, 2023 is shaping up to be an interesting year for crypto in general &ndash; and certainly for Cardano. Not only will the latter&rsquo;s DeFi ecosystem be battle-tested for the first time, but Hoskinson recently </span><a target="_blank" href="https://forkast.news/headlines/input-output-privacy-blockchain-cardano/" rel="noopener"><span>announced</span></a><span> the release of a new privacy-centric network, Midnight, underpinned by zero-knowledge-proof technology.</span></p><p><span>Whatever happens with Midnight, January&rsquo;s launch of Djed will be a watershed moment for Cardano &ndash; and in particular its DeFi ambitions.</span></p><p><span>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice</span></p></div><p>Source: https://cryptodaily.co.uk/2022/11/djed-stablecoin-launching-on-cardano-after-summit-announcement</p></div></div><h2>Post navigation</h2></div></div></div></div>


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Djed Stablecoin Launching on Cardano After Summit Announcement

<div id="content"><div><div><div id="primary"><div><div><div><div><p><a target="_blank" href="https://u.today/arman-shirinyan" rel="noopener">Arman Shirinyan</a></p><p>Cardano is facing strong volume increase as market is recovering</p></div></div><div><p>Cardano is facing strong activity growth following the market&rsquo;s recovery and increased attention on the alternative blockchains. The&nbsp;<a target="_blank" rel="nofollow noopener" href="https://opencnft.io/">network transaction</a> count of Cardano saw a 75% MoM increase and hit 97,959 as the <a target="_blank" href="https://u.today/cardano-breaks-into-top-3-nft-chains-as-24-hour-volume-jumps-132" rel="noopener">NFT volume</a> hit 3 million on Oct. 17, making Cardano the third largest NFT protocol.</p><p>According to OpenCNFT, ADA became the third largest NFT protocol. Despite the massive drop in the popularity of non-fungible tokens, Cardano&rsquo;s NFT market remained isolated and maintained a steady trading volume despite the poor state of the digital arts industry.</p><p>Almost a 50% trading volume increase could be a sign of an upcoming recovery. In addition to NFTs, Cardano is seeing the highest in half a year volume increase on the decentralized finance platform MinswapDEX. According to on-chain data, Minswap is seeing three million in daily volume.</p><p>Cardano&rsquo;s growth was highly anticipated, considering the variety of new projects and solutions built on the network almost every day. The most notable example this month were the launch of the private testnet of CardaxDEX on Milkomeda, incorporation of the Hydra solution and the launch of GameFi project Mocossi.</p><h2>ADA does not feel good on the market</h2><p>Despite active development and a large number of new releases, <a target="_blank" href="https://u.today/cardano-founder-takes-jab-at-bitcoin-sv" rel="noopener">Cardano</a>&nbsp;is suffering a severe sale on the market, as investors are dropping their ADA holdings despite being in heavy losses.</p><p>The series of large sales appeared after bears pushed ADA to a new multi-month low at $0.42 which has caused a panic among certain layers of investors that started to drop their assets despite facing massive losses.&nbsp;</p><p>Cardano remains one of the least profitable <a target="_blank" href="https://u.today/dogecoin-hash-rate-hits-7-month-high-amid-elon-musks-twitter-drama" rel="noopener">cryptocurrencies</a>&nbsp;on the market due to unstable price performance through the years of trading.</p></div><p>Source: https://u.today/cardano-becomes-third-largest-protocol-on-this-platform</p></div></div><h2>Post navigation</h2></div></div></div></div>


Cardano Becomes Third Largest Protocol on This Platform

<div id="content"><div><div><div id="primary"><div><div><div><p>Undoubtedly, crypto is an exciting and ever-evolving sub-sector with near-infinite practical use cases. As a demonstration of how powerful the technology is, Bitcoin exploded to over $1.2 trillion in market capitalization at peaks, finding utility as a medium of exchange and increasingly a store of value.&nbsp;</p><h2><strong>Education is crucial for Crypto and DeFi Adoption</strong></h2><p>With the rise of even more thrilling applications such as DeFi and NFTs, it is only fitting for users to arm themselves with the requisite knowledge as they gradually build their wealth. For this precise reason, crypto education is essential.&nbsp;</p><p>Emerging applications of crypto and smart contracting like DeFi, especially, demand users to understand the relevant underlying mechanics to be on the safe side.</p><p>Accordingly, most high-profile DeFi protocols have been pouring resources to tirelessly educate their global community, grow the crypto ecosystem, and make the space more secure for everyone. In one way or another, these campaigns arm ordinary, unsophisticated but willing participants with the basics of DeFi and why the technology is revolutionary as they navigate the increasingly complex sphere.</p><h2><strong>Cardax Academy is how the Team is Giving Back to the Global Cardano Community&nbsp;</strong></h2><p>One such project is Cardax, a top-tier DeFi protocol on the Cardano ecosystem aiming to release a decentralized exchange for seamless swapping of native tokens. The public testnet and mainnet launch date for the highly anticipated DEX will soon be made public.</p><p>As a critical cog making Cardano pulsate, Cardax has its academy whose primary purpose is to, most importantly, educate users. By doing so, Cardax, through the academy, is giving back to the Cardano community as it aligns with blockchain&rsquo;s principles of being community-centric and open.&nbsp;</p><p>In their quest to educate the global community of Cardax and Cardano users, the DeFi protocol will publish as many articles as possible covering every facet of the Cardano and DeFi ecosystem. Through their secure and well-architected user interface, the community can learn about core DeFi topics touching on stablecoins and unique funding models specific to Cardano, such as the initial stake pool offering (ISPO). The Cardax Academy, it should be noted, is a free initiative by the team to give back to the Cardano community. The campaign adopts similar approaches like that of the Cardano Podcast and a course powered by Cardax exploring Project Catalyst.</p><h2><strong>Cardax Academy Covers Essential DeFi Educational Topics</strong></h2><p>As of late April 2022, more than a dozen long-form topics were live on the Cardax Academy. Amongst topics covered is Hydra, a layer-2 scaling solution set for adoption by Cardano. Unlike other models in Ethereum, for instance, Hydra uses isomorphic channels with an emphasis on throughput and capacity improvement. At the same time, the team has broken down the multi-year, multi-phased Cardano roadmap, taking the reader through various stages of research-driven, peer-reviewed Cardano development while also discussing Project Catalyst and Cardano&rsquo;s objective of funding ambitious startups planning to launch on the network.</p><h2><strong>The Cardax Lottery</strong></h2><p>Besides the academy, there is the Cardax lottery. The DEX will reward five participants with its native CDX tokens in this lottery. The winner will receive 10,000 CDX, while the rest will each receive 500 CDX tokens. Winners will be announced on May 6, 2022.</p></div><p>Source: https://crypto.news/cardax-academy-community-defi-adoption/</p></div></div><h2>Post navigation</h2></div></div></div></div>


Giving Back to the Cardano Community and Driving DeFi Adoption – crypto.news

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