Overview

Click to expand overview
I have a Nami wallet configured for PreProd testnet with some tAda and collateral enabled. I signed a transaction to Mint some Shen yesterday and today I signed a transaction to mint some Djed. Both transactions say they are still pending: The smart contract platform Cardano (ADA) launched a testnet version of the new algorithmic and decentralized stablecoin Djed, and is requesting feedback fro Presumably you will be able to buy/sell Djed and Shen on multiple DEXs once it becomes available. The minting/burning mechanism is only there to stabilize Djed through arbitrage. We are excited to announce a new implementation of the Djed stablecoin protocol in the Cardano ecosystem is now live on the Milkomeda C1 Testnet. Milkomeda C1 is a sidechain that brings La versión testnet 1.1.1 de la moneda estable Djed se reactivó para incluir nuevas capacidades, como la compatibilidad con la bifurcación dura Vasil, el historial de actividad y más, según lo anunció el equipo detrás de Djed. Update!

Djed Testnet Goes Live: Big Win for Cardano (ADA)

The smart contract platform Cardano (ADA) has achieved a major milestone with the launch of the Djed algorithmic and decentralized stablecoin testnet. This marks a significant step forward for the Cardano ecosystem, promising increased stability and utility within its decentralized finance (DeFi) landscape. We are excited to announce a new implementation of the Djed stablecoin protocol in the Cardano ecosystem is now live on the Milkomeda C1 Testnet. Milkomeda C1 is a sidechain that brings Ethereum Virtual Machine (EVM) compatibility to Cardano, allowing developers to build and deploy a wider range of decentralized applications.

Djed Testnet: Exploring the Functionality

The Djed testnet allows users to experience the minting and burning mechanisms designed to maintain price stability. Presumably you will be able to buy/sell Djed and Shen on multiple DEXs once it becomes available. The minting/burning mechanism is only there to stabilize Djed through arbitrage. Early adopters are encouraged to explore the testnet and provide valuable feedback.

One user reported: "I have a Nami wallet configured for PreProd testnet with some tAda and collateral enabled. I signed a transaction to Mint some Shen yesterday and today I signed a transaction to mint some Djed. Both transactions say they are still pending." This kind of real-world testing and feedback is crucial for refining the protocol before mainnet launch. Please note that testnet performance may vary.

Djed Testnet Update: Version 1.1.1

La versión testnet 1.1.1 de la moneda estable Djed se reactivó para incluir nuevas capacidades, como la compatibilidad con la bifurcación dura Vasil, el historial de actividad y más, según lo anunció el equipo detrás de Djed. Update! This update showcases the ongoing commitment to improving and optimizing the Djed stablecoin.

What This Means for Cardano

The successful launch and ongoing development of the Djed testnet signal a bright future for Cardano. A stable and decentralized stablecoin like Djed can foster greater adoption of DeFi applications within the Cardano ecosystem, attracting more users and developers. The integration with Milkomeda C1 further expands the possibilities for cross-chain compatibility and innovation.

Top Sources

Related Articles