DEXs, MinSwap and MuesliSwap, currently have $30 million and $6.5 million worth of liquidity locked in them respectively On Thursday, COTI Network, the issuer of the Cardano-backed stablecoin Djed announced its upcoming listing on major DEXs MinSwap and Muesliswap. COTI also added that Shen, its reserve coin, would be on that listing. MuesliSwap to List DJED and SHEN On Thursday afternoon, COTI retweeted the MuesliSwap announcement that revealed the exchange’s plan to list $Djed and $Shen in the coming…
DAO
What is a Decentralized Autonomous Organization (DAO)
A Decentralized Autonomous Organization (DAO) is a digital organization run by code rather than people. It is based on blockchain technology, which enables it to operate in a decentralized, transparent, and tamper-proof manner. DAOs are typically governed by rules encoded in smart contracts, self-executing contracts with the terms of the agreement written directly into code. These rules dictate how the organization operates, including how decisions are made, how funds are raised, and how members interact. Members of a DAO typically…
2 weeks ago 68 views
What is MakerDAO (MKR)?
MakerDAO is a decentralized autonomous organization (DAO) built on the Ethereum blockchain that aims to provide a stable coin called DAI, which is pegged to the value of the U.S. dollar. The core component of MakerDAO is a system of smart contracts that governs the creation and redemption of DAI. Users can "lock up" ether (ETH), the native cryptocurrency of the Ethereum network, as collateral in the system, and in return, they can mint an equivalent value of DAI. The…
3 weeks ago 80 views