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Cardano Ecosystem

DJED Just Beat USDC and USDT In This Key Area!

04/02/2024

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116 views


DappCentral

DJED is pegged to USD, backed by the base coin ADA, which is an independent asset, and uses SHEN as its reserve coin. In a case where the reserve ratio drops below 400%, the platform will prevent the burning of SHEN, and the minting of new DJED (since there is not enough collateral in the reserve). In the case that the ratio goes over 800%, users will not be able to mint any more SHEN, however, they will still be able to mint and burn DJED. In any scenario, DJED is always redeemable.


See original video on YouTube

ORIGINAL SOURCE

https://www.youtube.com/watch?v=NvfNPfFt...

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