Cardano STABLECOINS - DJED Economics, Minting, Burning, Fees & Rewards EXPLAINED!

01/31/2023

1.7K views

DJED is a crypto-backed overcollateralized stablecoin that is developed by IOG and powered by COTI.Djed uses smart contracts to ensure price stabilization, and that the coin will be useful for DeFi operations. It operates by keeping a reserve of base coins, and minting and burning stablecoins and reserve coins. Its planned launch on the Cardano Mainnet is still scheduled for January of 2023! In this video we review their latest developments and updates! If you appreciate these types of videos, makes sure to drop a thumbs up and subscribe!

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ORIGINAL SOURCE

https://www.youtube.com/watch?v=3C06orj8...

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