Since our last update about a month ago, we have announced five new partnerships to use Djed on their platforms. We’ve also shared more information about the Djed protocol and its fee structure, which can be found here.
Over time, we see more and more reviews and researches from KOLs such as a16z discussing algorithmic stablecoins and why over-collateralization is crucial. The fact that $Djed has a 400%-800% over-collateralization and is backed by $ADA makes us confident that it will become the ultimate stablecoin for the Cardano network.
In terms of Djed’s timeline, as announced by IOG, the Vasil Hardfork mainnet event has been delayed by a few weeks. As we have to align with the Vasil Hardfork, we will need to deploy Djed to the mainnet only until after the Vasil hard fork is completed. The Vasil hard fork is supposed to dramatically improve the network’s efficiency and by that, to increase the number of transactions that can be made on top of Djed’s platform. We’ll closely monitor for the updated timeline for Vasil Hardfork and update everyone. Won’t be long now!
In the meantime, we continue to build partnerships to assure utility for Djed from day one.
We appreciate your patience and understanding. We will continue to give you updates about Djed as they come forth.
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
