According to two DEX articles, the stablecoin,DJed of the upcoming DJed contract, as well as Shen's regulation tokens, will be sold on MuesliSwp and MinSwp, distributed trading centers (DEX) under Cardano, after they are released next week.
According to DeFiLlama, MinSwp is a very large Cardano DEX at this stage, identifying $30 million tokens, while MuesliSwp has identified a relatively small value of $6.5 million in liquidity.
The anticipated DJed stablecoin is jointly developed by Cardano coding manager IOG and layer 1 blockchain technology Coti. DJed will be strongly supported by other tokens and must disclose more than 400% of the value of the collateral before it can be sold to users.
DEX uses blockchain intelligent contracts to secretly match transactions between users without any third party. This kind of user gives liquidity to the trading pool and gains in the form of tokens.
Such a system of too much collateral will keep the value of Dajiang under market pressure for a long time and prevent a repeat of the notorious stable loan currency associated with King Luna, the dollar against the dollar, which fell by more than 99% in May.
When holders of Cardano's ADA digital currency bet their coins on forging coins that are relatively stable in DJed, Shen, a reserve token dedicated to the relatively stable application of DJed, will receive an additional reward, which may give liquidity to this up-and-coming ecosystem.
DJed tokens-and the annualized earnings rewards offered by DEX-are expected to attract customers' liquidity interest and hobbies because of its excessive pledge system, which may generally benefit Cardano's $72 million decentralized financial (Defi) sales market.
On Friday, a developer of MuesliSwp told WJB based on Twitter information: "We will launch a centralized liquidity pool similar to UniSwp [version 3] and launch DJed next week, so we expect that buying and selling APR itself has exceeded 10%, because assets can be used more effectively."
"We hope that the agricultural annualized interest rates of ADA/$DJed and ADA/$ Shen will be at least 10% 15%. So, all in all, we hope to achieve an annualized interest rate of more than 20% and above 25% in the first month to attract liquidity, "the real estate developer added."
DJed is expected to release more than 40 decentralized financial applications (Dapp) based on Cardano upon launch. Real estate developers have also developed DjedPay, a payment app that uses DJed to allow users to transfer tokens to merchants and companies.
COTI didn't immediately respond to requests for comment when it was written.
Upgrade (10:55 UTC on January 27th):Plus messages from MuesliSwp developers.
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