Djed: A Stablecoin In Cardano. Deep Dive Part 1
Djed is the stablecoin developed by IOG, the company that created the Cardano blockchain technology. IOG has described Djed as “an algorithmic stablecoin protocol that behaves like an autonomous bank that buys and sells stablecoins for a price in a range that is linked to a target price.”
This article has two parts, the first introduces the Djed protocol, the second analyzes its operation with practical examples, and compares it with other stablecoins.