Djed

Djed is the first over-collateralized ADA-backed stablecoin contract on the Cardano network. It operates by reserving a base coin (ADA) and minting and burning stablecoins and reserve coins. The contract maintains the stablecoin’s peg to the target price by buying and selling the stablecoin, using the reserve, and collecting fees accumulated in the reserve.

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Cardano Founder Says DJED’s Strong Two-Year 99% Stability Record is Magical

https://cdn.mytoken.org/out/8ea7cfdc997bf073af786c4b3ef8d9af

DJED Becomes Open Source as COTI Launches Privacy-First, Cross-Chain Version

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2. Security: The order recipient is responsible for safeguarding their API key. Unauthorized access or use may result in financial loss. Brokers must immediately notify the platform in writing of any unauthorized use.

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