I want to start by saying that I am a huge fan of DJed. I really think this has the potential to be the backbone of cardano beside ada. I was 100% onboard until the mention of using weth and wbtc as collateral. I think this benefits mostly coti and their treasury and brings unnecessary risk to DJed/shen ecosystem.
@@karlopeternel7685 he allowed his system to go on with low Cardano output to see how much Cardano can handle. Which is the main reason I called him selfless, for that reason. He was willing to test Cardano even though he knew it would make Sundae look bad. I still use it to swap coins. It's perfect for someone like me who isn't very techy
I'm confused - so Djed is collaterize to ADA & adex like Terra USD was collaterize to bitcoin and Luna. Bitcoin is independent of Terra USD (Terra USD went to dust and bitcoin is still well alive). So what is the difference...??? Not fudding not criticising just trying to understand the concept of Djed.
Can someone tell me where the current price of ADA comes into the Smart Contract? Because it has to know what ADA is worth to pay out the correct amount of DJED.
stablecoin still suffers from slippage in dexes especially when you buy a lot of stablecoin in 1 swap making the stablecoin depeg (little volatility) so you will end up buying djed with 1.05 usd or 0.95 usd.
Djed is a stablecoin backed by ADA. Ideally, there is always 4 to 8x the value in ADA as the total Djed marketcap. This is for security purposes. But this ADA needs to come from somewhere, there needs to be an incentive to provide it. This is where Shen comes in. If you provide ADA reserves, you get Shen in return. By holding Shen, you get fees from the operation of Djed on top of your usual staking rewards.
Props to NMKR for immediately integrating DJED into their payment gateway. This means you can purchase NFTs from A LOT of Cardano NFT projects with DJED directly 🔥
Please create a video about the Cardano 2023 Roadmap, including any Africa updates and the 2023 Africa Roadmap for Cardano. Any new Cardano partnerships this year? Cardano needs much better marketing, why is Polygon (matic) creating so many amazing partnerships instead of Cardano?
Great to see the launch go so well
Both Cardano & COTI are gonna shine bright like diamond.
What is the purpose of the COTI toke ?
Find light in the beautiful sea?
If they follow math all the way, the odds will be in their favor 🎉
🤣
Great job Shahaf 👍
I want to start by saying that I am a huge fan of DJed. I really think this has the potential to be the backbone of cardano beside ada. I was 100% onboard until the mention of using weth and wbtc as collateral. I think this benefits mostly coti and their treasury and brings unnecessary risk to DJed/shen ecosystem.
Maybe yes
Maybe it's better to just stick with ADA
Great work!!
well done guys, best of luck
This was quite nice to rally around COTI and celebrate it!
I would like to see a consideration for Americans who were/are disadvantaged from COTI staking but were contributors to its success in spite of it.
i tried to mint but ....but the mami wallet sucks.
why only one wallet, 10m$ is nothing
plz add asap with hardware supported wallet .thx
yeah i recon we have to wait for the lace wallet to release , hopefully will see all dexes intergrate that one aswell.
Pi has been such a valuable, selfless, contributor to the Cardano Blockchain
Yes, but his Sundaeswap token crashed, pump and dump. Now people don't like nor trust with a reason. He's nothing now
@@karlopeternel7685 he allowed his system to go on with low Cardano output to see how much Cardano can handle. Which is the main reason I called him selfless, for that reason. He was willing to test Cardano even though he knew it would make Sundae look bad. I still use it to swap coins. It's perfect for someone like me who isn't very techy
Ahhhh, at least that's nice 👍
Hell yeah
I'm confused - so Djed is collaterize to ADA & adex like Terra USD was collaterize to bitcoin and Luna. Bitcoin is independent of Terra USD (Terra USD went to dust and bitcoin is still well alive). So what is the difference...??? Not fudding not criticising just trying to understand the concept of Djed.
When enterprises?
great work ..lets gooooo
Can someone tell me where the current price of ADA comes into the Smart Contract? Because it has to know what ADA is worth to pay out the correct amount of DJED.
I don't understand what the point of minting is. What is the advantage of minting vs just buying DJED?
stablecoin still suffers from slippage in dexes especially when you buy a lot of stablecoin in 1 swap making the stablecoin depeg (little volatility) so you will end up buying djed with 1.05 usd or 0.95 usd.
While minting djed from the djed protocol, ensure you will buy it for 1 usd
ok, so what is the benefits of holding Coti now after DJed is launched and the rewards going to Ada holders staking to support DJed?
Why is it so confusing. Can someone explain to me like I am a 5 year old?
Djed is a stablecoin backed by ADA. Ideally, there is always 4 to 8x the value in ADA as the total Djed marketcap. This is for security purposes. But this ADA needs to come from somewhere, there needs to be an incentive to provide it. This is where Shen comes in. If you provide ADA reserves, you get Shen in return. By holding Shen, you get fees from the operation of Djed on top of your usual staking rewards.
Props to NMKR for immediately integrating DJED into their payment gateway.
This means you can purchase NFTs from A LOT of Cardano NFT projects with DJED directly 🔥
Exciting.
why did you not do it at the same time for other big currencies ?
Most likely because they wanna get it right the first time and do it properly backing each function with math proofs. At least that’s what I hope 🤞
Ada 3$ soon
Coti 5$
Let go
🤩
0,3 and 0,5 Jah letz gooo
Hells yeah!
❤️❤️
Please create a video about the Cardano 2023 Roadmap, including any Africa updates and the 2023 Africa Roadmap for Cardano.
Any new Cardano partnerships this year?
Cardano needs much better marketing, why is Polygon (matic) creating so many amazing partnerships instead of Cardano?
Yes. Bitcoin is all marketing with little or no substance. They call BTC and ETH ecosystems the Golden Goose for Hackers
Awesome
Update all Al from Unitron to Watson only ai
Governments around the world will outlaw algorithmic backed stable coins. Has to be backed by cash.
👌
Buy , Matic, magic , syn, less supply, move fast
Wrong coti total supply 2b
Jed and shed sound a lot like s*t coin this stuffs just getting ridiculous 😂
great work ya all
took way too long
Btc pump , everything move, ada nothing special