COTI and Minswap DEX to Explore Integration of Djed Stablecoin
We are happy to announce that COTI and Minswap are working together to implement the Djed stablecoin on the Minswap DEX.
Once this step achieved, Djed will be able to pair with other coins in the Minswap DEX, thus making it possible for the liquidity to be provided through Djed trading pools on Minswap and for the users to generate yield on their crypto assets in the DeFi market while mitigating the potential negative effects of market volatility and impermanent loss.
Long Nguyen, Co-founder and Lead Engineer at Minswap said: “We are excited to explore integrating Stablecoins like Djed on Minswap DEX. Stablecoins alleviate the potential adverse effects of market volatility and provide a convenient unit for transacting.”
This partnership, along with some of the previous ones we have announced, will ensure the proper and seamless utilization of Djed and create an increased use-case for its stablecoin across multiple platforms.
Minswap is a community-centric decentralized exchange on Cardano, that has no venture capital funding or private investment, thus making its tokens fairly distributed by ensuring the users’ community is maximally rewarded rather than speculators or insiders. Minswap aims to capitalize on Cardano’s peer-reviewed and secure pillars to realize its potential to financially empower everyone.
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Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf