Cardano Djed Stablecoin Explained w/ COTI CEO, Shahaf Bar-Geffen

Описание: The Djed stablecoin is a highly talked about algorithmic stablecoin built on Cardano.

COTI CEO, Shahaf Bar-Geffen joins me on this episode to talk about the algorithmic stablecoin on Cardano called Djed and its reserve currency Shen.

We talk about the mechanics behind the system, how it all works, and the stigma around algorithmic stablecoins since the fall of Terra Luna's algorithmic stablecoin, UST stablecoin.

How does Cardano's algorithmic Djed stablecoin compare to other algorithmic stablecoins and other stablecoins?

You can play with the Djed stablecoin platform on testnet from the main website at: http://bit.ly/3V5ZkIN

You can also follow the project at:   / cotinetwork  

Chapters:
00:00 Intro
01:27 About Shahaf
03:20 Overview of Djed stablecoin
06:29 Mechanics of when to mint & burn what?
13:17 Rewards & incentives for SHEN holders
16:00 Excess ADA equity
17:50 Bear market launch
19:04 How Djed stablecoin compares to other algorithmic stablecoins & UST?
25:00 Supply shock?
26:55 The stigma around algorithmic stablecoins
30:02 Rollout plan?
33:21 Security audits
34:51 Testnet practise
35:38 What does success look like for Djed stablecoin?
37:50 Closing remarks around Djed stablecoin

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*** None of the information on this episode is to be considered as financial advice. All conversations and opinions are that of the guests and are intended for educational and entertainment purposes only. Please do your own research and understand that cryptocurrencies are volatile and risky.    • Learn Cardano Podcast Outro Music  
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