The Unofficial DJED Twitter Account. DJED is a next-generation over collateralized stablecoin built to support the Cardano ecosystem. Powered by
@COTInetwork
πΆ
@IOHK_Charles
speaks to why
@wsford
was favored to lead a dedicated company tasked to aggregate all stablecoin efforts on
#Cardano
$Djed $Ada $Coti $Shen
$Djed Update!π’ We're waiting for the final audit results to see if any critical issues are discovered. If there are no issues, we'll go ahead to deploy on Mainnet! π
Read more details here:
$Coti $Djed $Ada
Once the Vasil Hard fork is finished, (along with the audit final results), we will start to deploy $Djed to the mainnet!π₯³
More details here:
$Coti $Ada
"Djed will be on other chains as well. Obviously on Ethereum and Binance Smart Chain just to name a few...because defi ecosystems need a stablecoin that is stable and reliable.
@shahafbg
$Djed $Shen $Ada $Coti
@COTInetwork
Shahaf Bar-Geffen, COTI's CEO, shares updates about recent events and their impact on Djed, and answers community questions about the gCOTI campaign.
Watch here:
$COTI $gCOTI $DJED $SHEN
@shahafbg
Update! Testnet version 1.1.1 of $Djed has been reactivated with new capabilities such as Vasil hard fork compatibility, activity history and more!
You can test it using $tADA here:
$Coti $Ada
#Djed
π§΅π $Djed can ALWAYS be burnt for $Ada regardless of ratio.
One concept that seems to be misunderstood is, regardless of minting and burning on , tokens can be traded on DEXβs and CEXβs regardless of the protocols collateralization ratios.
$Shen $Coti
DJED so far!
- A total liquidity of 28M $ADA has been provided on the platform.
- 3 hours after launch, we reached a reserve ratio of 800%, meaning that at that time, no additional $SHEN could be minted until the ratio was lowered.
𧡠Shen: Delegation Rewards π§΅
Many people asking how to ensure they get their delegation rewards.
Either mint $Shen @ or purchase from
@wingriderscom
,
@MuesliSwapTeam
,
@MinswapDEX
or
@BitrueOfficial
and hold on a non-custodial wallet.
$Djed $Coti π
$DJED's user interface is under maintenance and cannot be accessed at the moment. The smart contract however, is fully functioning. Users can still access the contract to perform transactions of DJED & SHEN until is up again.
Thank you for your patience.
We are pleased to share another update about Djed's progress and to inform you that the launch is scheduled for next week!
Read more:
$DJED $COTI
@InputOutputHK
@Cardano
#DAI
: the first decentralised, collateral-backed cryptocurrency, built by
@MakerDAO
.
#DJED
: Cardano's homegrown overcollateralized stablecoin, powered by
@COTInetwork
.
Prepare for the arrival of a $DAI / $DJED stablepool. Coming soon to a
#Cardano
DEX near you!
@DjedStablecoin
DJED is now LIVE on
@BNBCHAIN
! You can now bridge your DJED across to BNB chain via
@chain_port
and start using it on THENA. Check out the $DJED/ $USDC liquidity pools on
@ThenaFi_
with more to come!
Learn More:
$COTI $DJED $SHEN
ββ¦People want to participate in
#DeFi
, but want to do so without the risk of losing their investment to unstable market conditions. Itβs the main reason why weβve been receiving requests to integrate $DJED into other blockchains.β
#PoweredbyCoti
$Coti
BUSD market cap dropped -$2.45B (from 16.1B to 13.7B as of now), and most of it has moved to USDT.
USDT marketcap + 2.37B (From 67.8B to 70.1B)
USDC also declined -739M (from 42.3B to 41.5B)
Landscape is shifting.
(Note: BUSD is NOT issued by Binance.)
In this Video
@COTInetwork
visually depicts the over collateralization of $Djed, itβs relation to $Shen, explains the reserve ratio and limits on minting / burning Shen.
Djed can ALWAYS be burnt (redeemed for $1) of $Ada regardless of reserve ratio.
The unique mechanism of Djed ensures its overcollateralization. In this video, we explained this using different scenarios.
Watch here:
$COTI $DJED $SHEN
@InputOutputHK
@Cardano
Seeing many misconceptions in regards to $Djed & $Shen given the current narrative on Stablecoins.
Please take a minute to understand what makes Djed robustly different. π₯
$Coti
@COTInetwork
π¨Djed Stablecoin Telegram groupπ¨
We have been monitoring the channel pictured below and can confirm they are now actively trying to phish their users keys by asking to "validate their walletsβ
There is NO OFFICIAL Djed telegram.
Nor is there a wallet validation process.
COTI's Treasury just received the first batch of Djed operational fees!
A conversion of $ADA to $COTI has just been completed on the open market, and the $COTI has been funneled to the Treasury as a reward to its participants. Max APY is now 118%!
Stay COTI!
$DJED $SHEN
$SHEN market is now live on Liqwid v1π€
Users can supply SHEN and use it as collateral in the ADA and DJED marketsπ
SHEN suppliers and borrowers earn full LQ user distribution rewards at the same rate as the ADA and $DJED markets since v1 launchπ§π§
#Cardano
$ADA
βA lot of the technical debt that we have is about to be finished soon, and that will create the next version of $DJED with a lot of new featuresβ
@shahafbg
CEO of
@COTInetwork
Djed is standing strong, PEGGED to $1 as it should be.
Djed is OVER-Collaterised by 5.25X more reserves then Djed's total value, and you can still it redeem for $1 worth of ada.
Rest of the tweets are nothing but "4"
Since the launch of the Djed platform, minting and holding SHEN has attracted some impressive benefits.
Read here to find out how much SHEN holders have earned in the last 3 months:
$DJED $SHEN $COTI
@InputOutputHK
@Cardano
βThe Implementation of $DJED and $SHEN allows users to purchase and accept these tokens for NFTs, making NFTs more accessible to everyone. More importantly, the Overcollateralized stablecoin, DJED, helps to shield both buyers and sellers from the volatility of the crypto market.β
As we continue on establishing Djedβs adoption, we are glad to present to you another DJED use case! This week weβre taking a look at the implementation of DJED on
@nmkr_io
.
Read here:
$DJED $SHEN $COTI
@Cardano
@InputOutputHK
#ICYMI
βAs part of our continuous improvement process, weβve recently performed an upgrade to Djedβs code. This update comes with a host of process flow optimizations, lowering of the min. mint and burn requirements for $DJED & $SHEN, as well as a reduction in op. fees.β
$Coti
An upgrade to the Djed protocol has just been implemented with improvements to the Chain Index and Pub User. We've also reduced the operator fees as well as the minimum amounts needed to mint $DJED and $SHEN.
Read more:
$COTI
@InputOutputHK
@Cardano
It has been one week since we successfully launched Djed, and the first weekβs activity of exceeded our expectations, reaching a total liquidity of over 30M ADA!
Check out Djedβs first week recap and future plans in the comment belowπ
$DJED $SHEN $COTI
Check out our latest $Djed FAQ post below! We also plan on doing AMA's and other activities in the future. As usual, we will keep everyone updated!
$Coti
#Djed
$Ada
@CardanoStiftung
The unique mechanism of Djed ensures its overcollateralization. In this video, we explained this using different scenarios.
Watch here:
$COTI $DJED $SHEN
@InputOutputHK
@Cardano
In this article, we are addressing some of the latest questions and clarifying some misconceptions about Djed.
Read all about it:
$COTI $DJED $SHEN
@InputOutputHK
@Cardano
#DAI
: the first decentralised, collateral-backed cryptocurrency, built by
@MakerDAO
.
#DJED
: Cardano's homegrown overcollateralized stablecoin, powered by
@COTInetwork
.
Prepare for the arrival of a $DAI / $DJED stablepool. Coming soon to a
#Cardano
DEX near you!
@DjedStablecoin
UNIQUE ACCOUNT GROWTH ON CARDANO DAPPS
The chart below showed the growth of the unique accounts in terms of Dapps on Cardano. According to the statistics,
@DjedStablecoin
is having the most significant growth, 14587% growth. What a start!
#cardano
#account
#growth
The $DJED collateral ratio has been hovering above 800% lately. This indicates high demand for $SHEN & its benefits, especially as the market heats up.
Hereβs a recap video explaining DJEDβs unique approach to ensuring over collateralization.
$COTI
Throughout recent market volatility, DJEDβs protocol proved its resilience, maintaining its peg. Changing conditions have created new opportunities for current and future SHEN holders.
Find out more: β¦
$DJED $SHEN $COTI
Throughout recent market volatility, DJEDβs protocol proved its resilience, maintaining its peg. Changing conditions have created new opportunities for current and future SHEN holders.
Find out more:
$DJED $SHEN $COTI
#icymi
βThis update comes with a host of process flow optimizations, a lowering of the minimum mint and burn requirements for $DJED & $SHEN, as well as a reduction in operational fees.β
#poweredbycoti
$Coti $ADA
@IOHKMedia
@COTInetwork
An upgrade to the Djed protocol has just been implemented with improvements to the Chain Index and Pub User. We've also reduced the operator fees as well as the minimum amounts needed to mint $DJED and $SHEN.
Read more:
$COTI
@InputOutputHK
@Cardano
We are happy to share that the delegation rewards distribution for $SHEN holders has started! Read our latest update to learn more about this process, as well as the lowered transaction minimums, UI improvements and more.
Read here:
$DJED $COTI
@shahafbg
on $Djed
This information was pulled directly from the official $Coti Telegram Chat
SHEN holders:
ALL SHEN holders get delegation rewards and thereβs NO distinction between those who minted their SHEN on the platform and those who bought it from a DEX/CEX. As statedβ¦