DJED - How does this new Cardano based stable coin work? -- Is it less like Luna or more like Dai? Check the paper in description

in hive-196037 •  2 years ago 

The unique mechanism of Djed ensures its overcollateralization. In this video, we explained this using different scenarios.

DJED is already on Coingecko and Defilama
https://www.coingecko.com/en/coins/djed
https://defillama.com/protocol/djed-stablecoin?denomination=USD

If you want to read the main white paper of Djed
Djed: A Formally Verified Crypto-Backed Pegged Algorithmic Stablecoin
https://eprint.iacr.org/2021/1069.pdf

Visit djed.xyz

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hive-196037 dtube stablecoin
2 years ago by

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      ·  2 years ago 

    Another explanation video by proof of wolf -

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

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