over budget
Djed Shu Stablecoin Implementation
Current Project Status
Unfunded
Amount
Received
Received
₳0
Amount
Requested
Requested
₳200,000
Percentage
Received
Received
0.00%
Solution
We will implement the Shu version of Djed for Cardano’s EVM sidechain. Djed Shu uses two oracle prices to be more robust against oracle issues. This allows lower base fees fro minting and redemption.
Problem
Current versions of Djed available on Cardano are stable but sensitive to oracle delays and manipulations. This requires high minting and redemption fees for drainage protection, hindering adoption.
Impact Alignment
Feasibility
Value for Money
Team
Team Connections
