Here's when Cardano's Djed stablecoin will launch, per update from builder CardanoADA CardanoCommunity ADA $ADA BuildingonCardano
Over the weekend, WingRiders, an automated market maker and decentralized exchange on Cardano, hinted at a major announcement with the COTI network.In a blog post, the COTI network provides an update on the status of Djed. It says the chain index syncing process started a week ago.
The process, which takes 14 days, is expected to be completed next week ahead of the launch. COTI says this remains the only technical bottleneck delaying the launch.The Djed builder added that it was developing a snapshot mechanism and UI that will be added to djed.xyz, where SHEN holders will be able to track extra rewards from staked ADA deposited to the Djed smart contract. Other features, such as the ability to cancel an order, have also been added.
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