The last day of January 2023 will go down in Cardano history as the moment when the long-awaited overcollateralized stablecoin DJED was launched. The launch went smoothly. In less than 24 hours, over 1.7M DJEDs were minted. There were 27M ADA in the Djed reserve. You can use DJED on several DEXs. Bitrue is the first exchange that announced the listing of DJED and SHEN. Congratulations to the COTI team who implemented DJED and also to the IOG team.
TLDR
- Minimal Djed version 1.1.1 has been launched which contains a few known minor issues.
- SHEN holders will receive fees related to the minting and burning of both DJED and SHEN.
- ADA coins in the Djed reserve will be staked. 100% of the rewards will be put into the reserve.
- Fee 100 ADA for minting and burning DJED/SHEN.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/djed-is-live-on-cardano