DJED - How does this new Cardano based stable coin work? -- Is it less like Luna or more like Dai? Check the paper in description

The unique mechanism of Djed ensures its overcollateralization. In this video, we explained this using different scenarios.

DJED is already on Coingecko and Defilama
https://www.coingecko.com/en/coins/djed
https://defillama.com/protocol/djed-stablecoin?denomination=USD

If you want to read the main white paper of Djed
Djed: A Formally Verified Crypto-Backed Pegged Algorithmic Stablecoin
https://eprint.iacr.org/2021/1069.pdf

Visit djed.xyz

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