COTI
Published in

COTI

Djed — Development Update

As we are getting closer to the launch of Djed stablecoin, we are pleased to share some updates on the development and progress.

The current Djed Plutus Implementation:

  • The main contracts for providing oracle exchange rates, for submitting multiple orders simultaneously, for canceling pending orders and for minting/redeeming stablecoins/ reserve coins have been implemented.
  • Testing is underway to ensure expected behaviors

Next milestones:

A pre-released version will be delivered in the next few days for UI integration. This pre-released version will provide endpoints for:

- Querying the stablecoin bank reserve (i.e., current Ada in reserve, current reserve ratio, number of stablecoins, and reserve coins in circulation),

- Querying buying and selling prices for stablecoins /reserve coins,

- Querying list of pending orders,

- Submitting orders and canceling pending orders

- Implementation of configuration management contract responsible for version control and contract upgrades

Stay tuned as we continue to update you about the development progress.

Stay COTI!

For all of our updates and to join the conversation, be sure to check out our channels:

Website: https://coti.io

Twitter: https://twitter.com/COTInetwork

Telegram: https://t.me/COTInetwork

Github: https://github.com/coti-io

Discord: https://discord.gg/9tq6CP6XrT

Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

--

--

--

In the decentralized economy of the future, there will be a need for decentralized payment platforms - Our vision is to allow users to exchange value as easily and as freely as it is to exchange information over the internet.

Recommended from Medium

The most innovative NFT-based yield farming program in the market

fantomGO & Generation Crypto AMA Recap

Back to Basics: Exchange Rates

Libra Reserve for Crypto Bozos

A research on Dusk Network $DUSK

In this article, we will investigate the GamyFi NFT market.

The Importance of the ADA Cryptocurrency to the Cardano Ecosystem

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
COTI

COTI

The world’s first DAG protocol optimized for creating decentralized payment networks and stable coins. Visit our website https://coti.io/

More from Medium

Do You Need To Create a Cardano Native Token?

How the FIREs returned to Dracards will be managed.

Developers’ Corner: Solving Cardano’s Collateral Problem

JAM ON BREAD