WebJan 25, 2024 · Cardano-based multi-pool decentralized exchange Minswap has announced plans to list Djed, Cardano’s algorithmic stablecoin. In a tweet yesterday, Minswap said Djed would be listed under the trading pair – ADA/ DJED. In addition to Djed, Minswap also announced that SHEN, the protocol backup token, will be available for trading on the ... Web2 days ago · Cardano (ADA) price has soared 14% in the last two weeks to surmount the $0.40 hurdle for the first time since February. On-chain data shows how a savvy cohort …
Minswap to List Cardano Stablecoin Djed and its Reserve Coin …
WebJan 25, 2024 · Djed is a formally verified algorithmic stablecoin for Cardano that is backed by cryptocurrency, IOG, the company behind the development of Cardano, designed the stablecoin, while COTI Group is … WebJan 26, 2024 · Users who send ADA to the governing smart contract receive an equivalent amount of Djed, creating a pool of ADA that guarantees each Djed in circulation. Conversely, Djed holders can send 1 Djed to the smart contract and receive $1 worth of ADA in return. The smart contract then burns the received Djed, preserving the peg with … earnlist
$ADA: Cardano-Powered Algorithmic Stablecoin Djed …
Web2 days ago · De acordo com dados on-chain compilados pela Santiment, um grupo de baleias com conhecimento de preço começou a acumular ADA alguns dias depois que a Cardano lançou a stablecoin DJED nativa. O gráfico abaixo mostra como as baleias com saldos de 1 milhão a 10 milhões de ADA começaram a comprar no início de fevereiro. WebFeb 1, 2024 · As of the time of writing, Djed has a reserve ratio of nearly 600%, meaning each djed is backed by six times its value in ADA. At current prices, the ADA locked for issuing djed is worth over $10 ... WebJan 18, 2024 · Cardano momentum is building as the launch of the Djed stablecoin nears. ADA prices have yet to make a big move, but one could be soon. Hype is mounting over … cs wsp sheathing