Why Cardano ADA price is not increase it Many YouTubers Create Fud About ADA will be Next LUNA

[mcrio]

Hi there are some topics regarding this matter, but it’s inner workings are not as simple as ADA > DJED; DJED > ADA

DJED/SHEN Example

There already are some resources to learn about the DJED algorithmic, crypto-backed stablecoin system: The original paper by some IOG people: https://iohk.io/en/research/library/papers/djed-a-formally-verified-crypto-backed-pegged-algorithmic-stablecoin/ An IOG blogpost based on that: https://iohk.io/en/blog/posts/2021/08/18/djed-implementing-algorithmic-stablecoins-for-proven-price-stability/ The FAQ by COTI: https://cotinetwork.medium.com/djed-frequently-asked-questions-f636735be76 In or…

Why Djed is different than UST?

Hi there What happened with Tera Luna and ust is horible, it is like nuke exploded on your business. People will look very supiscious into the future algoritmic stable coins. Does anybody believe they can fix these problems and price can recover some value? Can djed be the next ust or is it protected from such disaster? For me as ada holder it looks scary when we will see djed in the market…

Are algorithmic stablecoins going to fail regardless the different models? (Djed-Shen)

In light of what happened with Terra Luna and UST, there are major concerns with algorithmic stablecoins. Although the upcoming Djed stablecoin on Cardano is a way different type of stablecoin, it is still an algorithmic stablecoin. The Djed Stablecoin is an algorithmic protocol that is pegged to a target price ($1USD). It maintains this peg by having a reserve token (Shen) that can be bought or sold to maintain the pegged value of Djed. Djed is collateralized with a reserve of ADA. A result o…

DJED is not TerraUSD

The Cardano ecosystem will have an algorithmic stablecoin DJED in Q1 2023. DJED is a formally verified crypto-backed pegged algorithmic stablecoin. The stablecoin design is publicly available and mathematically verified. Anyone who is capable can take a look and point out design flaws. The protocol has been implemented by COTI and a security audit will be performed before the project is launched on the Cardano mainnet. People are afraid to use algorithmic stablecoins because of the negative expe…

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