By being the issuer of Djed stablecon, COTI’s role is to manage the user interface and user experience (UI/X) development and to operate the integration between protocol users and the smart contracts powering the stablecoin. COTI is partnering with enterprises, developers, and other parties who wish to mint both the stablecoin and the reserve coin used as part of the pegging algorithm.
COTI knows that the more incentives there are for buying and holding coins/tokens over time- such as an established ecosystem or team behind them – the better chance Djeb stablecoin at success compared with those cryptos without these qualities built around their currency.
COTI has been hard at work building a strong and long-lasting foundation for the soon-to-be-released, Djed stablecoin. The ecosystem they have developed thus far will give Djed the best potential for future growth attracting many layer 2 applications that offer good use cases.
Below is the partnership list as of August 2022. (Bookmark this page, because it will be updated as Djed’s ecosystem continues to grow)
Shahaf Bar-Geffen, COTI CEO, Gives Update on Djed’s Mainnet Release Date (VIDEO)
Related article: Djed Stablecoin’s Three Fee Models Demystified
|DATE ANNOUNCED||PARTNER||CATEGORY||ABOUT PARTNER|
|10/14/2021||Occam.fi||Launchpad||DAO-governed incubator and a DeFi layer.|
Occam is a leading DAO-governed incubator augmented with a suit of DeFi products. Our focus is interchain DeFi with a special focus on Cardano and Milkomeda.
As recipients of IOHK’s cFund, both Occam.fi and COTI will work together to ensure Cardano-based projects have access to adequate liquidity upon launch through Djed trading pairs on OccamX.
|10/25/2021||CardWallet||Wallet||CardWallet is a non-custodial wallet solution built for the Cardano blockchain and several other protocols, incubated by the Occam Association. With out-of-the-box support for Cardano native tokens and Visa, Mastercard, and ApplePay fiat on-ramps, CardWallet is expected to rapidly become a major wallet provider for the entire crypto ecosystem.|
|11/1/2021||Lovelace||NFT/Gaming||Lovelace, a DeFi-Enabled NFT marketplace for Cardano. Lovelace empowers creators to realize the potential of the Metaverse through its NFT marketplace, Play-to-Earn gaming engines, smart contracts, launchpad, and partner integrations.|
Their ‘Metaverse-as-a-Service’ toolkit helps creators breathe life into their NFTs, games, digital economies, and worlds across Cardano and other blockchains.
|11/15/2021||Centaurify||NFT/Gaming||Centaurify, an NFT & Smart Contract platform intending to revolutionize the ticketing market by tokenizing tickets.|
|11/24/2021||SundaeSwap||DEX (Liquidity)||SundaeSwap Labs develops decentralized finance (DeFi) platforms that enable economic empowerment for all.|
|12/15/2021||Ada Handle||NFT/Gaming||ADA Handle, an NFT-powered naming solution for the Cardano wallet address!|
|12/21/2021||Adaswap||DEX (Liquidity)||AdaSwap is a native, gamified DEX for Cardano and ecosystem builder aiming to create the first decentralized exchange on the Cardano network. The AdaSwap DEX will make it easy to swap cryptocurrency tokens, create, buy and sell NFTs, launch new projects and stake funds in liquidity pools to earn fees on the Cardano blockchain.|
|12/28/2021||ErgoDEX (Now, Spectrum)||DEX (Liquidity)||ErgoDEX, a decentralized non custodial exchange that facilitates liquidity transfers between the Ergo and Cardano networks. ErgoDEX has a Cross-chain exchange, eUTXO model that gives a unique possibility to have the same liquidity on different types of exchanges on top of the Ergo and Cardano ecosystems. (ErgoDEX is now Spectrum. They will not be a DEX anymore, but a native cross-chain ecosystem with new products.)|
|1/11/2022||DOEX||DEX (Liquidity)||DOEX, a decentralized exchange for native assets on the Cardano blockchain.|
|1/18/2022||MeowSwap||DEX (Liquidity)||MeowSwap, a Layer 2 decentralized Exchange (DEX) built on Cardano. MeowSwap is a Layer 2(L2) decentralized exchange solution that uses Layer 1(L1) for secure storage of assets whilst taking away the computational load from the L1 networks. It’s the best of two worlds offering users the security of L1 based DEX’s, and the speed that nearly matches CEX systems. By utilizing the L2 solution it allows almost real time trading and a vast array of instruments like perpetual contracts, programmable trading scripts, postponed execution, copy-trading scenarios and much more.|
|1/24/2022||Indigo||Synthetix Assets||Indigo- an algorithmic, autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano.|
|1/30/2022||Adax||DEX (Liquidity)||ADAX is an automated liquidity protocol that facilitates trades within the Cardano ecosystem in a completely decentralized and non-custodial way.|
|2/8/2022||Paribus||Lending and Borrowing||Paribus is a first-of-its-kind cross-chain lending/borrowing platform built on the Cardano blockchain. Paribus is poised to lead the industry in unlocking and fully realizing the intrinsic value of NFTs and other unconventional assets.|
|2/15/2022||NFTDAO||NFT/Gaming||The NFT-DAO is a cooperative community brought together in Catalyst Fund-3 with the simple vision of collaborating to build an NFT Framework that will allow entrepreneurs the ability to deploy NFT marketplaces for any business use case.|
|2/17/2022||World Mobile||Telecom||World Mobile was founded with a far-reaching goal: to connect everyone, everywhere while advocating for economic freedom and dignity. Unlike traditional mobile networks, we’re based on blockchain and the sharing economy. Local business owners in unconnected regions can operate affordable nodes on our network and bring their community online while sharing the rewards — World Mobile Tokens.|
|2/21/2022||Aada Finance||Lending and Borrowing||AADA Finance is a crypto assets lending platform built on the Cardano blockchain. The platform uses a pooled lending protocol to make assets more readily available and to provide a seamless lending and borrowing process. Users are able to deposit assets to earn a yield, obtain a loan (overcollateralized and undercollateralized) and swap deposited assets.|
|2/28/2022||NFT-MAKER||NFT/Gaming||NFT-MAKER equips artists, creators, developers, and brands alike to efficiently create, manage and scale digital art. Through its NFT Marketplace, artists and NFT enthusiasts will be able to transact efficiently through a secure platform.|
|3/3/2022||VyFinance||DEX (Liquidity)||Firstly, a liquidity aggregator (auto harvester) as our top layer, this is where users can come without having to manage their own funds as this can be done by the auto harvester. Secondly a Neural Net, a program that teaches itself how to perform tasks, and in this case will be learning how to optimize liquidity over yield farms. Thirdly, a Bar in which a certain percentage of fees from the exchange, and a part of the farm from the Auto harvester will be distributed to the bar (our VYFI holders). Finally, an LMS system to tie it all together. The LMS aims to educate newcomers on how to interact with DEFI successfully and safely|
|3/10/2022||Genius Yield||Yield, DEX (Liquidity)||Genius Yield is building Cardano’s first order book decentralized exchange (DEX) using concentrated liquidity and a Smart Liquidity Management platform, and are officially collaborating. Genius DEX is building a next-gen decentralized exchange with an AI-powered Yield Optimizer leveraging the unique benefits of Cardano’s EUTxO smart contracts paradigm, and we are happy to be partnering with them.|
|3/15/2022||Cardax||DEX (Liquidity)||Cardax DEX is a non-custodial, decentralized exchange on the Cardano blockchain. By deploying the Streaming Merge protocol, Cardax DEX handles users’ orders in a truly decentralized, deterministic manner and processes them fairly and efficiently. Its first to market Extended Automated Market Maker (EAMM) model.|
|3/17/2022||Liqwid||Lending and Borrowing||Liqwid is an algorithmic and non-custodial interest rate protocol built on Cardano. Users can securely earn interest on deposits and borrow assets with ease while earning yield on ADA from multiple revenue streams.|
|3/28/2022||Revuto||Payment||Revuto, a FinTech startup that offers a DeFi service to manage recurring subscription payments by using a prepaid debit card backed by Cardano native tokens.|
|4/7/2022||Minswap||DEX (Liquidity)||Minswap is a community-centric decentralized exchange on Cardano|
|4/11/2022||Revelar||NFT/Gaming||Revelar is the first NFT game engine built on Cardano. Their engine brings a fully integrated solution to developers and studios launching their next NFT game. This includes generative asset creation, multi-asset minting, rich data analytics, and game economy management.|
|4/21/2022||FluidTokens||NFT/Gaming||FluidTokens is the first bridge between NFTs and Defi on Cardano. Their platform brings a comprehensive set of decentralized services to unlock the immense potential of NFTs, providing a completely new way to manage your crypto assets.|
|5/2/2022||Adapay Plugins||Payment||ADA Pay plugins are now available on 8 different online shopping platforms, including WordPress, Joomla and WooCommerce.|
|5/9/2022||GADA||DEX (Liquidity)||GADA, a permissionless and community-governed launchpad for Cardano based projects and ideas.|
|5/13/2022||CardaShift||Launchpad||Cardashift is a community-run launchpad that raises funds, builds and accelerates startups that are solving social and environmental issues.|
|5/17/2022||GeroWallet||Wallet||GeroWallet is a cryptocurrency wallet extension for accessing Cardano-powered dApps in your browser.|
|5/24/2022||Cardahub||NFT/Gaming||Cardahub is a Smart-Contract based NFT Platform on Cardano blockchain, aiming at creating a one-stop shop for everything Cardano NFT (CNFT).|
|6/7/2022||MuesliSwap||DEX (Liquidity)||First Hybrid DEX on Cardano|
|6/22/2022||Celestial City||MusicFi||Celestial City is a MusicFi platform that will provide Initial Song Offerings. Celestial City isn’t cutting out the streaming platforms but instead integrating their APIs onto the platform, while also making provision for record label usability. The platform will allow artists to upload their music directly to major established streaming platforms.|
|6/29/2022||Trading Tent||P2P Trading||Tent is a live trading system. Everyone can open a Tent using a compatible wallet and share the link so another user can join.|
A tent is a room where 2 users can exchange any native Cardano asset in a single transaction. This transaction will only happen if both parties agree and sign.
No smart contracts, no locked assets, no waiting. Just a single Cardano transaction directly between 2 users.
|7/4/2022||Kirkstone||RealFi||Kirkstone is a company looking to revolutionize the rental market through the development of their own native token – $KIRK. They believe the project will restructure and redesign the real estate industry putting the consumer at the center. Their mission statement is to significantly reduce the cost of residential and vacation renting to reduce the financial barrier to real estate investment. In addition, another aim is to make a substantial impact to the homeless by utilising a significant portion of the KIRK vesting structure as well as donations from the Kirkstone Ecosystem.|
|7/13/2022||iagon||Data||Iagon’s mission is to revolutionize the cloud by developing storage and processing platforms where anyone can profit from shared resources. The whole value proposition circles back to the potential of blockchain technology by letting device owners join the storage and processing power grids to create a completely decentralized data cloud and supercomputer.|
|7/19/2022||Astarter||Launchpads||Astarter is a DeFi infrastructure hub on Cardano with four core applications including Launchpad, DEX, Money Market & Tech Service Platform.|
|7/26/2022||Thrift||Wallet||Thrift is a suite of products for decentralized, trustless, smart-contract powered thrift savings, RealFi and DeFi systems, governed, maintained and upgraded by Thrift token holders to create a more accessible and efficient financial system. A pioneer startup in IOHK’s and iceaddis managed Ariob incubator program.|
Thrift Wallet is our MVP that enables savings, payments and investments through a RealFi wallet. It’s the home of all Thrift’s suits of products.
|8/17/2022||Wingriders||DEX (Liquidity), Wallet||WingRiders is an Automated Market Maker (AMM) Decentralized Exchange (DEX) built on top of the Cardano using the eUTxO model on the main chain. The project is powered by VacuumLabs, one of the most widely respected developers in the Cardano space from its inception.|
|8/30/2022||JaraNetworks||DeFi||JaraNetwork is an Onchain financial services provider offering OTC, payments, treasury and custody solutions for Businesses across emerging markets.|
Here is an article from LEDGER discussing a coin’s use-cases and the value, besides earning yield, a coin can bring a holder of that coin.
CRYPTOCURRENCY USE CASES: WHAT’S IN IT FOR YOU?
Ever wondered what’s all the hype about cryptocurrencies? what’s in it for you? well, you’re not alone. Most people, before they use cryptocurrencies, are skeptical about their potential.
The pseudonymous Satoshi Nakamoto created the first-ever cryptocurrency, Bitcoin, to make the financial system decentralized, faster, and more secure. With time, however, crypto pioneers came up with several other use cases to make our lives easier.
WHAT PROMPTED THE CREATION OF CRYPTOCURRENCIES
In today’s banking system, banks leverage on the money we hold with them and share a part of their profit with us in the form of interest. In this system, you and I don’t have complete control over our own money. Besides, the concentration of power in the hands of a countable few individuals has been the cause for many major banking frauds and scams.
Now, imagine a system that does not rely on any individual or central authority. You do not even need to rely on a central entity to transfer funds to your friends or relatives. That’s what Bitcoin is — a decentralized, peer-to-peer payment system.
But as you know, innovation is an ongoing process. Since the launch of Bitcoin in 2009, crypto pioneers have designed several cryptocurrencies with varied use cases across industries.
CRYPTOCURRENCY USE CASES: THE PATH TO TRUE FINANCIAL FREEDOM
If you had to urgently send $1,000 to a friend who lives in a different country, it would be a nightmare to do it through a banking system. After all, urgent situations can’t wait three to seven days for a payment to settle.
With cryptocurrencies such as Bitcoin Bitcoin (BTC), Ether (ETH), or XRP, you can send the money to your friend while you both are still on the call. It’s that fast. Bitcoin takes about 10 minutes to settle transactions, but there are other cryptocurrencies that can reach your friend’s account almost instantly.
STORE OF VALUE
Apart from being a highly efficient means of payment, cryptocurrencies are also a safer store of value. The traditional currencies we use are inflammatory, i.e., they lose value over time. That’s the reason why you pay much more for a dozen eggs today than what you paid 10 or 20 years ago. Eggs are not getting expensive. Your money is losing value.
Cryptocurrencies, on the other hand, employ better supply mechanisms that restrict inflation and may increase in value with rising demand. Due to this, when you store your funds in cryptocurrencies, they can potentially gain value instead of losing value over time.
LENDING AND BORROWING
If you’ve ever stood in a queue or waited to get your paperwork done to get a loan, you know it’s a painful process. What if you could get a loan digitally, without even having to fill a single form or sign a contract? That’d be amazing, right?
Decentralized finance applications have disintermediated the lending and borrowing process. They allow individuals to lend and borrow funds almost instantly using cryptocurrencies. In addition, as cryptocurrencies are borderless currencies, you can lend or borrow from these platforms irrespective of where you live.
The advent of cryptocurrencies has made it possible to tokenize real-world assets. Anything from copyrights to real estate and art pieces to commodities can be tokenized and represented in form of a cryptocurrency token. For example, using blockchain, we can tokenize a luxury real estate property worth $10 million and represent it as one million crypto tokens worth $10. This adds more liquidity to an otherwise illiquid asset and makes the exchange of even non-liquid assets more convenient. Additionally, the buying and selling of these assets become cost-effective, fast, and more transparent.
Cryptocurrencies, in the form of non-fungible tokens (NFTs), are already disrupting the gaming industry. In the gaming world, NFTs are crypto tokens that represent a unique digital asset inside a game. As each NFT represents something unique, they have different values and are not interchangeable. This gives every user a completely authentic in-game item, the likes of which is owned by no one but them. Digital cats called Crypto Kitties are the most famous example of blockchain-based NFTs.
The centralized cloud storage platforms have many major shortcomings from high fees to server outages. This has paved the way for decentralized storage created through the use of blockchain. In such a system, anyone can rent out their free storage space.
If you had 250 GB free on your disk, you could rent it on a decentralized storage platform such as Filecoin and earn a passive income from it. People who opt to buy your storage space would pay you in the storage platform’s native cryptocurrency.
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