If the past few months have taught us anything, it’s that there is an incredible demand for a safe, battle-tested stablecoin that can weather the storms of volatility. People want to participate in DeFi, but want to do so without the risk of losing their investment to unstable market conditions. It’s the main reason why we’ve been receiving requests to integrate DJED into other blockchains.
Following on from our announcement of DJED becoming a multichain token, we are excited to present one of the first use cases of DJED on the BNB Chain!
We are happy to share that DJED can now be used on the Thena platform. With the introduction of wrapped DJED onto the BNB chain, Thena now offers a DJED\USDC liquidity pool where users can deposit both coins and earn APR for their deposits.
Thena.fi is a native liquidity layer and decentralized exchange (DEX) on BNB Chain. They offer token swaps, liquidity pools, yield farming, governance and NFT staking.
You can add liquidity here: https://www.thena.fi/analytics/v1/pair/0x80551245c562380140668b7df20a7e9c773d21bd
To get started, you’ll first have to bridge your DJED over to BNB Chain using the Chainport bridge. You can watch our easy-to-follow video tutorial here.
After connecting your BNB compatible wallet to Thena, you can either swap wrapped DJED for other tokens or provide liquidity to the USDC/DJED liquidity pool.
As more and more chains see the value of DJED in their ecosystem, we aim to bring greater adoption across a range of dApps.
Stay tuned for more use cases in upcoming updates!
Stay COTI!
About Thena:
THENA is a forward-thinking decentralized exchange (DEX) operating on BNB Chain. As a next-generation DeFi hub, it offers a robust ve(3,3) based ecosystem for traders, liquidity providers, and protocols. Through innovative solutions like low-slippage swaps and protocol incentives, THENA consistently pioneers DeFi developments. The platform’s commitment to advancing the DeFi landscape has been amplified with its upcoming expansion into on-chain derivatives trading, promising to bring a higher level of sophistication to its users. Underpinned by a community-oriented ethos, THENA continues to grow as the largest community-owned DEX on BNB Chain, championing transparency, security, and efficient capital use.
About Chainport:
ChainPort is a security-focused cross-chain protocol that bridges tokens across leading blockchains in a fast and permissionless manner. ChainPort introduces an unprecedented level of security architecture, porting tokens safely across blockchains with just a click.
Security is always paramount for ChainPort, and 95% of the funds are stored in cold storage wallets provided by leading industry security experts: FireBlocks MPC and Gnosis-safe multi-sig.
ChainPort is a permissionless bridge that supports 15 blockchains and over 50 Web3 projects, with additional tokens joining daily. Bridging is done in just minutes through a friendly and straightforward UI without the need for any technical integration.
Since its launch in 2021, Chainport has managed 75,000 ports and more than $630,000,000 in volume. Learn more by visiting ChainPort.io.
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io
Twitter: https://twitter.com/COTInetwork
Telegram: https://t.me/COTInetwork
GitHub: https://github.com/coti-io
Discord: https://discord.gg/9tq6CP6XrT
Binance Feed: https://www.binance.com/en/feed/profile/485349084
CoinMarketCap Feed: https://coinmarketcap.com/community/profile/COTI
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf
