COTI: Cardano Djed Issuer!! What You NEED To Know!! (Ep 262)
Coin Bureau
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Cardano's Dejed Stable Coin
Cardano's dejed stable coin is based on the ave and make dow i e protocol. When you deposit ada into the dejed smart contract, you are given a dollar amount of dejed equal to the ada you deposited, minus the fee. A second pool of participants known as lenders give additional ada to the de jed smart contract to make sure there's always enough ada collateralizing the deJed in circulation. These lenders get a reserve coin in return. To make sure the dajedstable coin is always adequately collateralized by lenders, a k a reserve coin holders,. The dajed smart contract will automatically stop the stable coin mint
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