Overview

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'Djed' se lanzará en enero de 2025, después de una exitosa auditoría y una rigurosas serie de pruebas de resistencia. La plataforma de cadena de bloques de proof-of Cardano, the proof-of-stake blockchain network oft touted as Ethereum’s most serious competitor, plans to launch an algorithmic stablecoin in January 2025. Project Cardano and COTI have partnered to launch a new over-collateralized algorithmic stablecoin, Djed. As per the official statement, Djed will launch on the Cardano Proof-of-stake blockchain platform Cardano has partnered with Coti, a DAG-based layer-1 protocol, to launch an overcollateralized algorithmic stablecoin. The project told Cardano-based first-ever algorithmic stablecoin DJED would be rolled out in the month of January next year. This was revealed by Shahaf Bar-Geffen, CTO of the COTI network in a recent

Cardano's Algorithmic Stablecoin Djed Set for January 2025 Debut

Get ready! Cardano's first algorithmic stablecoin, Djed, is slated to launch in January 2025. Project Cardano and COTI have partnered to bring this over-collateralized stablecoin to the Cardano Proof-of-Stake blockchain, offering a new stable and reliable digital asset within the Cardano ecosystem.

Djed: A New Era for Cardano DeFi

The much-anticipated Djed se lanzará en enero de 2025, después de una exitosa auditoría y una rigurosas serie de pruebas de resistencia. This debut marks a significant step for Cardano, a proof-of-stake blockchain network often touted as Ethereum's most serious competitor. Djed aims to provide stability within the volatile crypto market, offering users a secure and predictable store of value.

COTI Partnership Key to Djed's Success

Cardano has partnered with Coti, a DAG-based layer-1 protocol, to launch this innovative overcollateralized algorithmic stablecoin. According to Shahaf Bar-Geffen, CTO of the COTI network, the Cardano-based first-ever algorithmic stablecoin DJED would be rolled out in the month of January next year. As per the official statement, Djed will launch on the Cardano Proof-of-stake blockchain platform, providing a critical building block for Cardano's growing DeFi landscape. COTI's expertise in stablecoin technology makes them the ideal partner for this ambitious project.

What Makes Djed Different? Over-Collateralization Explained

Djed is an over-collateralized algorithmic stablecoin. This means that it is backed by more than $1 worth of assets for every Djed token in circulation. This over-collateralization helps to maintain the peg to the US dollar, even during periods of market volatility. The robustness and security of the Cardano blockchain, combined with COTI's advanced technology, create a strong foundation for Djed's success.

Looking Ahead: Djed's Role in the Cardano Ecosystem

The launch of Djed will undoubtedly unlock new opportunities for decentralized finance (DeFi) on Cardano. Its stability will make it ideal for lending, borrowing, trading, and other DeFi applications. Stay tuned for further updates as we approach the January 2025 launch date!

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