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Governance Strength
Market Stability
30%
Token Performance
Token Price
$0.47778
4.14%
Low $0.45979
High $0.47780
Volume (24h)
$11.27K
32.36%
Percentile
Top
5%
Market Cap
$11.55M
0.27%
Self-reported
Volume by Exchange Type (24h)
CEX · $0
DEX · $11.27K
50.00%
50.00%
Monitor
Skynet Active MonitorReal-time monitoring of key project assets for enhanced security awareness.
Website
Not Activated
Code Repository
Not Activated
Smart Contract
Not Activated
Social Media
Not Activated
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Djed is an overcollateralized crypto-backed algorithmic stablecoin contract on the Cardano network. It uses a reserve of ADA base coins and a Reserve Coin called Shen to maintain its peg to the USD and provide liquidity stability. By trading Shen, users can earn a share of transaction fees and contribute to maintaining the stablecoin peg ratio. Djed's algorithm is formally verified and uses mathematical theorems to prove its peg maintenance and stability properties. Shen holders are incentivized to provide liquidity, and Djed can be overcollateralized up to 8x, ensuring its sustainability. Users can mint DJED and SHEN directly from the platform or on any Cardano top DEXs.