Djed StableCoin LIVE on Cardano Testnet! Full Walkthrough
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Let’s take a look at COTI’s Djed StableCoin and Shen ReserveCoin, how they work, and how we can mint and burn them on the testnet!
// featured external resources
Wen Djed? –
Djed Testnet LIVE Blog –
IOHK Djed Blog –
How Djed and Shen Work –
Testnet ADA Faucet –
Djed minting portal –
// related Woodland Pools videos
Djed Cardano Stablecoin Explained –
MinSwap Overview –
Install Nami Wallet –
// stake pool info
Follow us on Twitter! –
Join our Community on Telegram! –
Woodland Pools website –
[ASPEN] on PoolTool.io –
[ASPEN] Stake Pool id – 05b8a25ec4f41956a6496555c233bcbe6fc06596553ae2d14df73e20
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Timestamps:
0:00 – Intro
0:20 – Wen Djed? NOW!
0:33 – What problem is Djed trying to solve?
2:01 – How do Djed and Shen work?
4:13 – Set Nami Wallet to Testnet, get test ADA from faucet
5:10 – Djed minting portal
5:18 – Disclaimer for users in the United States
5:54 – Connect Nami Wallet
6:02 – Mint Djed and Shen
8:17 – Burn Djed
9:05 – Testnet considerations
Disclaimer:
No one associated with Woodland Pools is a financial advisor, broker, or dealer, and none of the information presented should be construed as financial advice. The information presented on our channel, website, and social media, is for entertainment and informational purposes only, and all community members should independently verify and research all information when creating their own investment plans.
Vídeo
Me chamo Felipe Trader e moro aqui em São Paulo. Comecei no forex a 6 anos atrás e hoje vivo somente do meu trading diário. Aqui no blog conto pra você as ferramentas e serviços que uso pra ser lucrativo.
Someone tried to attack Djed and LOST money doing it. That's great.
Hi, im new to this economy. Currently commenced learning via keystone. I just watched your video here after investing in ADA and am excited by the future of what they are doing, I think its only the beginning of great things. Question: If ive invested in ADA, how and what step do I take to benefit from the Djed stable? Do I have to mint my ADA for Jdeb or is my holding of ADA ultimately all I need to do? Excuse my newcomer naivety . Bless
If SHEN has insufficient value (i.e. Market price is too low) then there will be insufficient collateral? Or is its supply then inflated? It makes sense until you bring in a potentially worthless token as collateral.
Hopefully the Djed team learned some important lessons from the USDT depeg.
I like that Djed has been "stress tested" with a 100,000 dollar attack, but UST was attacked with 250,000,000. It hardly compares. I certainly have a lot more trust in Cardano than I do Luna, but I would like to know just how far theyve gone to stress test this system. Luna is pumping BTC out of their reserves, and its not having an effect.
The only small cap I'm still into. Anything else seems too risky.
COTI will further the surveillance economy. They scape fees from every day transaction with their COTIPay service and scape data by requiring K Y C . COTI is very centralized.
It was amazing but not surprising how quickly my anti-COTI comment was censored (removed). Not surprising given what Geffen and Google founders (YouTube owners) have in common.
great video
Pretty straight forward process 😀. Thanks!
great video, thanks!