DescriptionCardano's native overcollateralized stablecoin, developed by IOG and powered by COTI. DJED is backed by ADA and uses SHEN as a reserve coin

Category:crypto-backed

Minting and RedemptionUsing the DJED App (https://djed.xyz/) users supply ADA as collateral to receive DJED. It uses a collateral ratio between 400% and 800% for DJED and SHEN