MeowSwap and COTI are setting out to further expand the incredible Cardano ecosystem by integrating Djed
Both COTI and Meowswap are aiming to jumpstart the Cardano DeFi machine that will offer immense DeFi benefits not only to existing Cardano users but to new users as well that will seek out Decentralized Finance based on scalability, accessibility, transparency, peer review, and true decentralization.
With that vision in mind — of not only expanding capabilities but also onboarding new users into the wonderful world of Cardano, we are announcing a partnership between MeowSwap and COTI. COTI is the issuer of Djed, Cardano’s algorithmic stablecoin.
The very first goal of this to-be very fruitful partnership — will be the pool creation of ADA & DJED, as well as a pool of MEOW & DJED.
Likewise, this means that aside from MEOW and ADA being tradable via these new pairs, it will also be possible to provide liquidity to these pools in DJED, along with ADA, effectively adding a completely new mechanism into the Cardano ecosystem.
For those who are not acquainted, DJED stablecoin is set out to be listed & utilized on many Cardano DEXes in the future and we are looking forward to this bloom of the Cardano DeFi that will be facilitated through such a development.
Whether MeowSwap will be the first to do so, will remain yet to be seen — but we are certainly thrilled to witness new DJED stablecoins partnerships that will benefit the entire ecosystem. Which we are proudly a part of.
The stablecoin integration is set out to be performed in the near future, and the solution for the integration is the utilization of COTI’s network to directly control funds, minting and burning, engagement and developers.
After all that has been completed, we will continue to work with our new partner, COTI — to turn Cardano into a DeFi machine that has not yet been seen or experienced in the crypto space.
COTI is a fully encompassing “Finance on the blockchain” ecosystem, specifically designed to meet the challenges of both centralized finance (fees, latency, global inclusion and risk) and Decentralized Finance DeFi (fees, clogging and complexity) by introducing a new type of DAG based base protocol and infrastructure that is scalable, fast, private, inclusive, low cost and is optimized for finance.