The reserve ratio of the recently launched Cardano-powered algorithmic stablecoin Djed ($DJED) has now surpassed 600% after investors moved over 28.3 million $ADA to its base reserves to mint over 11.4 million DJED. According to data from the project’s website, its reserve ratio is currently sitting at 628%, while its $SHEN reserve coin’s price is at 1.106 $ADA, with a circulating supply of 21.8 million tokens. By buying and selling SHEN, users can contribute to the stability of the USD currency peg of Djed, and earn a share of transaction fees in the reserve pool. Holders of SHEN can also
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Author: NixCoin