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DJED is now available for lending and borrowing on Liqwid.
The ways to earn on Djed holdings continue to grow. Cardano’s overcollateralized dollar-pegged stablecoin Djed is now available for lending and borrowing on Liqwid. COTI, issuers of the algorithmic stablecoin, today shared a Twitter thread from Liqwid Labs disclosing the development. According to Liqwid Labs, users could also use qDjed, a derivative of the stablecoin, […]
The post Cardano’s Djed Now Available for Lending and Borrowing on Liqwid first appeared on The Crypto Basic.
The community is listing possible factors behind the low volume of DJED holders.
What is Cardano's Native Stablecoin DJED and how does it work?
The move comes nearly three weeks after COTI sent the first batch of operational fees to the Treasury. COTI, the blockchain-based payment platform in charge of the Cardano stablecoin Djed, announced today that it had sent the second batch of Djed’s operational fees to the COTI Treasury to distribute among users as staking rewards. Accordingly, […]
The post COTI Treasury Receives 2nd Batch of Djed Fees, APY Adjusted to 74.4% first appeared on The Crypto Basic.
Djed use cases continue to expand in less than a month after launch. Cardano-based NFT-focused platform NMKR has announced that its payment service has added DJED as a payment option, making it possible for users to purchase NFTs on supported platforms using the Cardano stablecoin. NMKR made this known in a tweet today asserting that […]
The post More Avenues To Buy NFTs Using DJED as NMKR Adds Support For Cardano Stablecoin first appeared on The Crypto Basic.
DJED is now available on Flint and other top crypto wallets. COTI Adds Multi-Wallet Support for DJED. The supported wallets include Flint, GeroWallet, Yeroi Wallet, Typhon Wallet, and NuFi. The move is part of efforts by COTI to enhance Djed’s platform. As we keep on improving Djed’s platform, we are pleased to share that we […]
The post COTI Adds Multi-Wallet Support For Cardano Stablecoin first appeared on The Crypto Basic.
Cardano’s (ADA) price has skyrocketed in 2023, soaring more than 65% higher and showing no signs of slowing down. This impressive rise can be largely attributed to key players in the crypto market, namely sharks and whales, who are accumulating large amounts of ADA. In recent days, addresses holding between 100,000 and 100 million ADA […]
COTI shares exciting details about DJED’s progress. COTI Network, the official issuer of Cardano’s Djed stablecoin, has shared details about the progress of DJED. According to COTI, the ADA-backed stablecoin has received massive response and participation from cryptocurrency community members since it went live on mainnet. COTI noted in a recent blog post that a whopping […]
The post Over 1.85M Cardano Stablecoin Djed Minted and 40K Burned in Less Than 2 Days After Launch first appeared on The Crypto Basic.
COTI announces three listings for Cardano Djed stablecoin and its reserve token. Hours after going live on mainnet, Cardano stablecoin DJED and its reserve token SHEN have now been listed on the Cardano-based decentralized exchange, WingRiders. COTI Network made this known yesterday on Twitter. Following the listing of DJED and SHEN on WingRiders, COTI said […]
The post DJED Stablecoin Now Listed on These 3 Cardano-Based Decentralized Exchanges first appeared on The Crypto Basic.
Cardano’s algorithmic stablecoin DJED powered by COTI is finally live on the mainnet following a year and a half of development. According to the blog post, the launch of the community-driven token commences a new era for stablecoins and is touted to be a “significant milestone” for ADA’s DeFi ecosystem. Besides that, the decentralized open-source protocol […]
COTI has announced the launch of Cardano’s Djed stablecoin on January 31st, 2023 - right on schedule.
Continue reading Cardano’s Djed Stablecoin Hits Official Release at DailyCoin.
COTI has found a temporary solution to enable SHEN holders to receive delegation rewards when Djed launches. Holders of Djed’s reserve currency, SHEN, will receive rewards for ADA held in Djed’s smart contract at launch. COTI, the issuer of Djed, the Cardano stablecoin, revealed this in a Medium blog post shared on Twitter yesterday. According […]
The post Holders of Cardano’s Stablecoin Reserve Coin To Receive Rewards For ADA Deposits first appeared on The Crypto Basic.
Cardano’s stablecoin DJED is slated to go live next week, although an exact date has not been specified, as revealed by its developer COTI. The chain index syncing process, which would take a total of 14 days, was reportedly started a week ago, according to the COTI Network. This suggested that the launch will begin […]
WingRiders are already in partnership with COTI to integrate Djed At launch. In a tweet yesterday, WingRiders, a leading Cardano decentralized exchange, teased an announcement with COTI, issuers of Djed, Cardano’s stablecoin, sparking speculation of an important Djed development. ??$DJED $WRT $COTI https://t.co/07izSyetxB — COTI (@COTInetwork) January 20, 2023 It bears mentioning that COTI already […]
The post Cardano Stable Coin Djed May Soon Be Availible On Popular Cardano DEX first appeared on The Crypto Basic.
COTI to Enable Staking for Cardano Stablecoin DJED; Says Jan Launch is Achievable. COTI, the blockchain payment solution tasked with issuing Cardano’s stablecoin Djed (DJED), recently revealed that it is planning to enable staking for DJED upon the release of v.1.1.1 on mainnet, assuring the community that the stablecoin is still on track to launch […]
The post Cardano Stable on Track To Launch in January With Staking Feature first appeared on The Crypto Basic.
The launch of the stablecoin on Cardano’s mainnet is expected to occur this month. COTI, a blockchain payment platform and the official issuer of Cardano’s algorithmic stablecoin Djed has inked a partnership with blockchain entity Yepple, which will facilitate NFT payments on Cardano using Djed. Yepple is a Florida-based firm that provides blockchain services, including […]
The post New COTI Partnership to Enable NFT Payments with Cardano Stablecoin DJED first appeared on The Crypto Basic.
Cardano-based first-ever algorithmic stablecoin DJED would be rolled out in the month of January next year. This was revealed by Shahaf Bar-Geffen, CTO of the COTI network in a recent podcast hosted by a crypto-focused channel big pey. Earlier, Bar-Geffen stated Djed would be deployed to the mainnet once the Vasil Hard fork and the […]
Djed, the much-anticipated algorithmic stablecoin of the Cardano ecosystem has been successfully reactivated on the testnet.
It was recently announced that the stablecoin DJED will be launched on the Cardano Mainnet in January 2023. With the current state of the market, this new launch could prove to bring some positive sentiment to the community. But if you are wondering what is Djed and how will it work, don’t worry because in […]
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