Ao
Cardano (ADA) & the Nailbiter Cycle | Cardano Rumor Rundown #718
last Monday at 5:08 PM
·
66 views
Will DJED Last On Cardano? The ULTIMATE Test of Time
02/01/2024
·
596 views
D
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.
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.
Related Videos
CC
ALTCOIN 'W' Bottom Forming NOW! Bollinger Gave This WARNING Before!
last Monday at 5:08 PM
·
66 views
