COTI launches Djed: Bringing new stablecoins to Cardano
To mark Djed’s successful launch, Shahaf Bar-Geffen was hosted on Cardano 360. Thank you for the interview Tim Harrison! Testnet node: cot.xsec.es
To mark Djed’s successful launch, Shahaf Bar-Geffen was hosted on Cardano 360. Thank you for the interview Tim Harrison! Testnet node: cot.xsec.es
Shahaf Bar-Geffen, COTI’s CEO, shares some data surrounding DJED’s launch, the engagements received and updates on what’s next for Djed and COTI. Testnet node: cot.xsec.es
After over a year of preparations and development, and following a successful security audit, we are very proud to announce that Djed, the overcollateralized stablecoin on Cardano, is now live on mainnet! The much anticipated public mainnet launch of Djed heralds a new era for stablecoins. Launching Djed is a significant milestone for COTI, the …
A New Era For Stablecoins Begins: Djed is Live on Mainnet! Read More »
The unique mechanism of Djed ensures its overcollateralization. In this video, we explained this using different scenarios.
@liberlion17 just wrote a really interesting article analizing the imminent launch of DJED. Worth a read!!! https://liberlion.medium.com/djed-a-stablecoin-in-cardano-that-must-evolve-faa5c2075090 Li₿εʁLiøη
Yesterday, we held an AMA with Shahaf Bar-Geffen, COTI’s CEO, and Yair Lavi, COTI’s Chief Strategy Officer.The AMA took place on the COTI official Telegram group. If you weren’t able to join, here is the full recap: https://medium.com/cotinetwork/coti-our-plans-for-2023-and-beyond-5de2e44e3c8e
2022 has been a turbulent year in crypto, but the fundamentals remain the same. COTI was born during the 2017–2018 cycle and our DNA was forged as builders during times of distress. We’re in this for the long run. The collapse of Luna, Celsius and FTX has forced us all to introspect and build towards …
In an effort to maintain transparency and consistency in our updates, we are pleased to share updates on Djed’s progress and development. We are still on track with the launch that has been planned for January. Here is a breakdown of updates and developments that we have been working on for the past few weeks: https://cotinetwork.medium.com/djed-development-update-staking-internal-monitoring-enhancements-and-more-31562283fa6d
Our last Treasury update prompted a discussion around the new fee model, and we received a lot of feedback and suggestions from you, our community. The COTI Treasury plays a crucial role in the COTI economy, and as such, we take your feedback very seriously. As promised, we incorporated your feedback into a new structure. …
As we approach the launch of Djed, we believe it is important to educate more on the category of stablecoin to which Djed belongs. According to its design, $DJED should be referred to as an overcollateralized stablecoin, and not as an algorithmic stablecoin, as also described by Shahaf in his recent video. Here is why: https://cotinetwork.medium.com/why-djed-should-be-referred-to-as-an-overcollateralized-stablecoin-and-not-an-algorithmic-332637d1e741 Testnet …