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I’ve spent a bit of time lately trying to wrap my head around $Shen and it’s relation to $Djed and $Ada.
I’m condensing a few posts together in this thread to try and explain some of the points I’ve found significant.
🪡 🧵
I’m condensing a few posts together in this thread to try and explain some of the points I’ve found significant.
🪡 🧵
$Djed = $1 $Ada ♾️
Over Collateralized by 4-800%
Collateral externally sourced 👉 $Ada
Capital Efficiency achieved by it's relation to $Shen - Reserve Coin
Fiat Stables $USDT = Centralized
$Djed = Decentralized
$Ada 👉 $Djed 👉 $Shen 👉 $Coti
Powered by @COTInetwork
Over Collateralized by 4-800%
Collateral externally sourced 👉 $Ada
Capital Efficiency achieved by it's relation to $Shen - Reserve Coin
Fiat Stables $USDT = Centralized
$Djed = Decentralized
$Ada 👉 $Djed 👉 $Shen 👉 $Coti
Powered by @COTInetwork
🧵 Benefits of holding $Shen 🧵
- Fees received for ALL burn and mint go to $Shen holders: models forecasting +/- 10% APR depending on demand, inflow/outflow rate, paid in $Ada.
- 3-5% staking rewards
- Farming rewards for adding liquidity to DEX’s +\ - 15%
$Coti #Cardano
- Fees received for ALL burn and mint go to $Shen holders: models forecasting +/- 10% APR depending on demand, inflow/outflow rate, paid in $Ada.
- 3-5% staking rewards
- Farming rewards for adding liquidity to DEX’s +\ - 15%
$Coti #Cardano
