COTI Partners With WingRiders to Explore Djed Integration Opportunities
We are happy to announce yet another Djed partnership, this time with WingRiders!
WingRiders is a fully decentralized and trustless platform that aims to be an infrastructure element of the Cardano ecosystem with a wide and easy integration into any wallet or Dapp. This partnership is aimed at exploring the possibilities of Djed integration on their DEX.
Kaaran Kalantari, a spokesperson for WingRiders, remarked: “We have been watching Djed’s development for a while and it is great to see the first algorithmic stablecoin launch on Cardano. It has an interesting pegging mechanism using Shen, its reserve currency, which serves to provide price stability by guaranteeing the collateralization rate and the stablecoin’s peg. Stablecoins are necessary to protect traders in volatile crypto markets. We hope Djed will be a success to move the whole Cardano ecosystem forward”.
This partnership, along with some of the previous ones we have announced, will ensure the proper utilization of Djed across the entire Cardano ecosystem, and create an increased use-case for it across multiple platforms. Stay tuned for more updates.
WingRiders is an Automated Market Maker (AMM) Decentralized EXchange (DEX) built on top of the Cardano using the eUTxO model on the main chain. The project is powered by VacuumLabs, one of the most widely respected developers in the Cardano space from its inception.
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Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf