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Is Ada at the Shen contract hard locked or could

there be recourse from users in worst case scenario?

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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.

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?

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

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.

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