COTI is excited to announce that they are partnering up with VyFinance, the Decentralized Protocol side of Vy. COTI’s plan is to collaborate on building and growing the Cardano ecosystem by integrating Djed, Cardano’s first algorithmic stablecoin, into the Vy Defi products such as liquidity pools, liquidity mining, and their DEX.
Steven Ward, CEO of VyFinance said: “We need a stablecoin to have a properly functioning DeFi ecosystem. It’s exciting that we will be able to accomplish this with Djed!”
COTI also jointly plan on going further and together explore different opportunities, such as widening their partnership to the ADA Pay product as well.
Stay COTI!
ABOUT VYFINANCE
VyFinance is an original interpretation of a DEX, built upon four main pillars. 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, the ultimate goal is for users to engage with the Auto Harvester and eventually gain the essential knowledge to use our more traditional defi tools such pools and farms.
Via Source
