Stablecoin information
Cardano's native overcollateralized stablecoin, developed by IOG and powered by COTI. DJED is backed by ADA and uses SHEN as a reserve coin
Category:algorithmic
Minting and Redemption
Using the DJED App (https://djed.xyz/) users supply ADA as collateral to receive DJED. It uses a collateral ratio between 400% and 800% for DJED and SHEN
Audits:No
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | >-0.0001% | -0.03% | -2.33% | 1.45m |