As we work towards launching Djed, our business and product team has been working with major DEX’s and DeFi protocols on strategic partnerships that will be beneficial to Djed once live.
We are excited to announce that our 1st partnership for 2022 is with DOEX, a decentralized exchange for native assets on the Cardano blockchain. DOEX aims to enable the seamless, non-custodial exchange of assets within Cardano and across other blockchains via smart contracts, automated market making, and cross-chain bridges.
Integrating Djed into the DOEX platform will enable increased liquidity and Djed’s participation in trading assets through liquidity pools, Djed pairs, and more.
“We are very excited about the partnership with COTI and the ability to have Djed as part of our platform. This partnership is key to enabling the development of a strong foundation for the 1st class DEX and DeFi services that we are going to provide to our community. Not only this will enable us to offer participation in liquidity pools and trading of assets through Djed pairs but will also help bring stability and reliability to the platform and its operations, further increasing its attractiveness to our users.” said Vytautas T, DOEX Head of BD and Sales.
As Djed’s issuer, COTI will publish all the smart contracts necessary for an effective stablecoin, while being the frontend for developer and enterprise engagement. We will also be responsible for working with ecosystem partners that would like to mint either Djed or its reserve coin (which will be used as part of the pegging algorithm).
We see this partnership as a necessary step in ensuring that Djed is adequately utilized once launched and building a seamless utilization of the stablecoin across the crypto ecosystem.
DOEX is a next-generation decentralised exchange for assets that are native to the Cardano blockchain. It is on a mission to enable seamless, nun-custodial exchange of assets within Cardano as well as across other blockchains via smart contracts, automated market making and cross-chain bridges. As the platform and Cardano ecosystem evolves, DOEX will offer faster transactions for a fraction of the cost compared to the other blockchains. The biggest change brought by the platform will be the fiat-to-crypto exchange capabilities, which will enable a seamless transition from the traditional finance world and bring masses to the DeFi and DEX ecosystems. Their long term objective is to be the one-stop-shop for DeFi services on the Cardano blockchain, including but not limited to staking and asset management.
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Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf