Is Ada at the Shen contract hard locked or could

Question

COTI - Currency of the Internet

Luis Saad

Is Ada at the Shen contract hard locked or could

there be recourse from users in worst case scenario?

#coti #cryptocurrency #english

0

07.06.2023

4 ответов

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Luis Saad Автор вопроса

Prince || COTI
If collateral ratio falls below 400%, then SHEN ca...

I know that. My question is, in worst case scenario the project dies, is there any way of unlocking Ada in Shen contract and giving it back to Shen holders?

0

07.06.2023

Zippy Zoro | Resolute Node

Luis Saad
I know that. My question is, in worst case scenari...

Djed/Shen isn't "unlocked" as you put it by COTI . There is a smart contract which controls the lock on Minting/Burning of those tokens depending on the reserves. There is also the 3rd party market (DAaps/Exchanges) where those tokens can also always be traded again nothing to do with COTI. They maintain the front end for Djed.xyz

0

07.06.2023

Prince || COTI

Luis Saad
I know that. My question is, in worst case scenari...

Not sure about this, however Djed is a self reliant ecosystem and thus is not directly affected from COTI’s ecosystem. On the other hand, it definitely helps COTI ecosystem through fees that it generates.

0

07.06.2023

Prince || COTI · Accepted Answer

Prince || COTI

If collateral ratio falls below 400%, then SHEN cannot be burned. However, if the ratio is above 400%, you can burn it whenever you want.

0

07.06.2023

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Is Ada at the Shen contract hard locked or could

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