# Interview with Shahaf Bar-Geffen, CEO of COTI to better understand how the Algorithmic stablecoin DJed works and the stigma around them since the crash of UST

**URL:** <https://forum.cardano.org/t/interview-with-shahaf-bar-geffen-ceo-of-coti-to-better-understand-how-the-algorithmic-stablecoin-djed-works-and-the-stigma-around-them-since-the-crash-of-ust/111619>\
**Category:** General Discussions\
**Created:** [16 December 2022 00:52 UTC](https://forum.cardano.org/t/interview-with-shahaf-bar-geffen-ceo-of-coti-to-better-understand-how-the-algorithmic-stablecoin-djed-works-and-the-stigma-around-them-since-the-crash-of-ust/111619 "2022-12-16T00:52:35Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![astroboysoup](https://sea1.discourse-cdn.com/flex023/user_avatar/forum.cardano.org/astroboysoup/32/83423_2.png) [@astroboysoup](https://forum.cardano.org/u/astroboysoup)\
**Post date:** [16 December 2022 00:52 UTC](https://forum.cardano.org/t/interview-with-shahaf-bar-geffen-ceo-of-coti-to-better-understand-how-the-algorithmic-stablecoin-djed-works-and-the-stigma-around-them-since-the-crash-of-ust/111619/1 "2022-12-16T00:52:35Z")

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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 UST stablecoin.

[![](https://us1.discourse-cdn.com/flex023/uploads/cardano/original/3X/8/4/84a6110d88358634020e2c82cdfb2dd9d2955e3a.jpeg "Cardano Djed Stablecoin Explained w/ COTI CEO, Shahaf Bar-Geffen") ](https://www.youtube.com/watch?v=TdAtIsrMhfw)

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**Author:** ![Nicolas](https://sea1.discourse-cdn.com/flex023/user_avatar/forum.cardano.org/nicolas/32/79296_2.png) [@Nicolas](https://forum.cardano.org/u/Nicolas)\
**Post date:** [16 December 2022 13:01 UTC](https://forum.cardano.org/t/interview-with-shahaf-bar-geffen-ceo-of-coti-to-better-understand-how-the-algorithmic-stablecoin-djed-works-and-the-stigma-around-them-since-the-crash-of-ust/111619/2 "2022-12-16T13:01:35Z")

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Great interview @astroboysoup. I enjoyed watching it and learned a lot.

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**Author:** ![astroboysoup](https://sea1.discourse-cdn.com/flex023/user_avatar/forum.cardano.org/astroboysoup/32/83423_2.png) [@astroboysoup](https://forum.cardano.org/u/astroboysoup)\
**Post date:** [17 December 2022 00:28 UTC](https://forum.cardano.org/t/interview-with-shahaf-bar-geffen-ceo-of-coti-to-better-understand-how-the-algorithmic-stablecoin-djed-works-and-the-stigma-around-them-since-the-crash-of-ust/111619/3 "2022-12-17T00:28:20Z")

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Thanks @Nicolas was lucky to have Shahaf on to answer all my personal questions around Djed. 😌