This article covers the significant updates introduced in version 1.2 of Cardano’s Djed stablecoin. It explains how these changes improve the stability, accessibility, and efficiency of Djed within the Cardano DeFi ecosystem.
Points
- Djed 1.2 introduces dynamic fees, lower minting and burning minimums, and enhanced SHEN stability.
- The update aims to increase participation and strengthen Djed’s role in the Cardano DeFi ecosystem.
- The new features pave the way for further improvements scheduled for version 1.3.
Cardano’s Djed stablecoin has received a significant protocol upgrade with the release of version 1.2. This update brings a host of new features and improvements designed to enhance the stability, accessibility, and efficiency of Djed within the Cardano decentralized finance （DeFi） ecosystem.
One of the most notable features of Djed 1.2 is the introduction of dynamic fees. Originally planned for version 1.3, this feature adjusts the base fees dynamically between 0% and 5% depending on the reserve ratio. This flexibility allows the protocol to respond more effectively to market conditions, making transactions more cost-effective and reducing the likelihood of failed transactions.
Another key improvement in Djed 1.2 is the reduction in the minimum amount of ADA required for minting and burning DJED and SHEN tokens. The minimum has been lowered from 200 ADA to just 50 ADA, making it easier for small investors to participate in the Djed ecosystem. This change is expected to drive greater engagement and increase the overall stability of the protocol.
The update also includes enhancements to SHEN’s stability by allocating additional ADA reserves within the smart contract. This bolstered backing further strengthens SHEN’s position as a stable and reliable asset within the ecosystem.
In addition to these immediate improvements, Djed 1.2 sets the stage for future upgrades, including the transition to Plutus V2 smart contracts. This migration will bring several advantages, such as reduced transaction sizes, lower costs, and a more streamlined development process, further solidifying Djed’s role in the Cardano DeFi landscape.
解説
- The release of Djed 1.2 represents a significant milestone for the Cardano ecosystem. By introducing dynamic fees and lowering participation barriers, this update makes Djed more accessible and attractive to a broader range of users.
- The enhancements to SHEN’s stability are particularly important, as they reinforce the protocol’s commitment to maintaining a strong and reliable reserve system. This focus on stability is crucial for the long-term success of Djed as a stablecoin.
- As the Cardano network continues to evolve, updates like Djed 1.2 are essential for keeping pace with the growing demands of the DeFi space. The forthcoming improvements in version 1.3, including the migration to Plutus V2, promise to further enhance Djed’s functionality and appeal.