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Does anyone understand the mechanism behind DJED and SHEN?

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Kindly read this comparison from our user: https://t.me/COTInetwork/734851

Rod- Автор вопроса

The only incentive to hold SHEN is to collect burn and mint fees?

Rod
The only incentive to hold SHEN is to collect burn...

Another incentive is: If ADA goes up in value compared to USD, then less of the reserve is needed as liabilities for DJED holders. So, more of the reserve is available as equity for SHEN holders. So, there will be more ADA per SHEN (in addition to more USD per ADA). But this also goes in the other direction. If ADA goes down, more ADA are needed for DJED holders, ADA per SHEN go down (in addition to less USD per ADA). Holding SHEN amplifies movements of ADA w.r.t. USD in both directions.

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