Discover the future of stablecoins with $DJED !
A fully decentralized and community-driven protocol offers trustless stability through overcollateralization and elimination of governance tokens.
Join the revolution of stablecoin stability now! (1/9)
#CardanoCommunity
A fully decentralized and community-driven protocol offers trustless stability through overcollateralization and elimination of governance tokens.
Join the revolution of stablecoin stability now! (1/9)
#CardanoCommunity
1. Over-collateralization is the provision of collateral that is worth more than enough to cover potential losses in cases of default. For example, a business owner seeking a loan could offer property or equipment worth 10% or 20% more than the amount being borrowed. (2/9)
DJED is an overcollateralized stablecoin that uses exogenous collateral Cardano (ADA) to ensure stability. The stability of DJED is guaranteed by its reserve coin, SHEN, which provides an extra layer of security. (3/9)
DJED doesn't require trust in a governance token which eliminates the need for trust in a governance token. The platform is fully decentralized and community-driven, allowing for open-source development and community involvement. (4/9)
DJED is overcollateralized by 400% - 800% while algorithmic stablecoins are usually partially collateralized or undercollateralized. This extra collateral provides a safety net in case of market volatility, ensuring that DJED remains pegged to the target price. (5/9)
DJED is always redeemable for its collateral (ADA). This means that $1 worth of Cardano will always equal $1 worth of DJED. Unlike algorithmic stablecoins, which depend on the value of the governance token, DJED provides a stable store of value for its users. (6/9)
DJED is a community-driven stablecoin, which means that the community has the ability to mint the reserve token, SHEN, and enjoy the majority of the rewards from DJED's success. On the other hand, fiat-backed stablecoins do not offer any rewards to their community. (7/9)
DJED is the future of stablecoins, and it's time for the crypto community to embrace it. With its unique design, decentralized structure, and community-driven approach, DJED is set to revolutionize the stablecoin space and provide a secure store of value for its users. (9/9)
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