Cardano's Stablecoin Djed - Good Potential But Has Risks!

Going through the algorithmic stablecoin Djed that will launch on Cardano later this year. It is already out on testnet thanks to COTI and will be on mainnet later this year. I go through what djed and the reserve coin Shen are, how djed works and compare it back to UST which was the algorithmic stablecoin on Terraluna that crashed this week.

⏲️ Timestamps ⏲️
0:00 Into to Djed video
0:49 What is a stablecoin
2:31 SigUSD on Ergo and AgeUSD
3:36 What is Djed on Cardano
4:04 How Djed Works
7:18 Djed example on Cardano testnet
7:41 SHEN example on Cardano testnet
8:05 Resources for Djed reserach
10:16 Djed vs UST on TerraLuna

Links Mentioned
Testnet Article - https://medium.com/cotinetwork/djed-public-testnet-is-live-b0b0b13552e0
@MoneyZG video - https://www.youtube.com/watch?v=ew-qrNFKWtA
Sooraj thread - https://twitter.com/Soorajksaju2/status/1524102707589566465
Matthew Thread - https://twitter.com/MatthewPlomin/status/1524253783861174274

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Disclaimer: Everything in this video is my own opinion and is not financial advise as I am not a financial advisor. I am just a random guy on the internet with a big passion for crypto

Видео Cardano's Stablecoin Djed - Good Potential But Has Risks! канала Cardano With Paul