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blake-starky

Can anyone tell me what happens to the DJED and

SHEN assets if Coti were to close up Business?

#ada #blockchain #cryptocurrency #english
0

3 ответов

11 просмотров
HeptaSean-

Don't think that they have published any contingency plans or who has the keys to the reserve. We do know that someone has to run the exchange rate oracle and the batchers for Djed to operate. And we do know that there is an update mechanism that allows to move all the ADA locked in Djed to a new contract. Has already happened once: https://adastat.net/transactions/5d9289d888ee442f723c68005ab8c22a43691ad04b1be8d5839c01c4be252214 Best case: IOG has kept the keys, COTI is really just the face for the thing and if COTI goes out, they can just give it to a new operator. Worst case: They run away with the reserve.

0
28.07.2023
blake-starky Автор вопроса
HeptaSean
Don't think that they have published any contingen...

Thanks for the update! Much Appreciated! Do you know if IUSD is a stable coin alternative on Cardano?

0
28.07.2023
Roland-
blake starky
Thanks for the update! Much Appreciated! Do you k...

It is a stable coin, but not backed by usd

0
28.07.2023

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