π Lanningham

Djed explored

9 min read Premium

Today, a stablecoin called Djed launched on Cardano1. Djed is based on research that IOG published on safe algorithmic stablecoins. Stablecoins are an important part of the DeFi ecosystem, because they’re designed to maintain a stable price relative to USD (or another underlying asset). How it does this can be confusing, so this post will explain how Djed works, and allow you to explore the protocol before you try it for real.

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Ah ah ah! You thought yourself so clever. ;) Three point one four one five nine two six five three five eight nine seven nine three two three eight four six two six four three three eight three two seven nine five zero two...

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π Lanningham

I’m π, a mathematician by passion, and a software engineer by trade. I'm most well known for my role as CTO at SundaeSwap Labs, and for my passion for educating people. I run a Cardano Stake pool, known as 314pool. I've also written a few blog posts on topics that I feel I can explain well, which you'll find below.