AdaSwap partners with COTI to list Djed stablecoin

AdaSwap partners with COTI to list Djed stablecoin
фото показано с : invezz.com

2021-12-22 17:00

AdaSwap, an ecosystem builder in the Cardano (ADA/USD) ecosystem that will establish the first DEX, is partnering with Djed issuer COTI to list the stablecoin on the exchange, Invezz learned from a press release. Djed is based on Cardano.

Within the partnership framework, the exchange will explore listing opportunities for Djed as well as look for ways to use the algorithmic-based stablecoin network being developed by Djed.  

AdaSwap developing native DEX for Cardano

The native, gamified DEX being developed by AdaSwap for the Cardano network will allow the crypto community to exchange Cardano-based tokens with low fees and in seconds. The exchange is also working on a native Cardano NFT marketplace and high-yield, fixed, long-term liquidity pools that will enable token holders to purchase, stake, and sell NFTs and earn interest on their investments.

Djed ensures price stability through smart contract-based tools

The stablecoin protocol behaves like an independent bank, transacting for a value pegged to a target price. Djed ensures price stability through these smart contract-based mechanisms, making it particularly useful in decentralized finance operations. The algorithm operates a coin reserve, minting and burning tokens as needed to guarantee stable prices.

Overcoming challenges around latency, risk, fees

The Djed stablecoin runs on top of the COTI ecosystem, which attempts to overcome challenges around risk, latency, fees, and global inclusion in centralized finance. It also aims to overcome the issues of fees, clogging, fees and complexity in DeFi. It achieves this through Trustchain, a proprietary consensus algorithm based on machine learning.

It is based on a multi DAG (directed acyclic graph) data structure that’s finance-optimized, inexpensive, inclusive, fast, scalable, and private.

Lennon Qualmann, CEO of AdaSwap, said:

As a Cardano believer, I love seeing COTI’s strong involvement in the Cardano space, it shows the potential being created for the Cardano ecosystem by innovative participation.

COTI publishes Djed smart contracts

As the Djed issuer, COTI publishes its smart contracts and serves as the front-end for developers, enterprises, funds, and others who want to mint Djed and the reserve coins used as part of its price stabilizing algorithm.  

The post AdaSwap partners with COTI to list Djed stablecoin appeared first on Invezz.

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djed stablecoin list adaswap ecosystem coti issuer

Источник: invezz.com

djed stablecoin → Результатов: 17


Фото:

AdaSwap to Integrate COTI-Issued Djed Stablecoin, Exploring DEX Listing

Cardano-based ecosystem builder AdaSwap today announced a partnership with COTI’s Djed stablecoin and shared plans to integrate the same into the Cardano ecosystem. AdaSwap Allies with COTI to Integrate Djed In an announcement made on December 21, Cardano-based ecosystem developer AdaSwap that is slated to launch the network’s first decentralized exchange (DEX), stated it hasRead More

2021-12-21 17:00


Фото:

Cardano Unveils ‘Djed’ – An Innovative Stablecoin For The Fast-Growing Ecosystem Issued By COTI

Cardano’s new stablecoin, Djed, will now be issued by the COTI platform according to a partnership announcement on Sunday at the Cardano summit in Wyoming. Djed, a product of efforts between IOG, Cardano’s Emurgo, and Ergo Blockchain is based on an algorithmic design that uses smart contracts to ensure price stabilization improving usability in decentralized […]

2021-9-27 18:22


Фото:

TRON’s Justin Sun Unveils DeFi Platform JUST Mainnet

Decentralized web blockchain project TRON (TRX) CEO, Justin Sun, on April 4, 2020, tweeted that Djed, the test of the project’s stablecoin platform has successfully completed testing. Enter Project JUST In a fresh announcement, TRON founder Justin Sun stated that he had rebranded TRON’s newly launched decentralized finance (DeFi) project Djed to JUST to markRead MoreRead More.

2020-4-6 20:00


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