#卡尔达诺稳定币提案 Djed vs. New Proposal: The Dual-Track Strategy for Cardano Stablecoins

Cardano has launched the over-collateralized stablecoin Djed (developed by COTI), but the new proposal explores the path of algorithmic stablecoins. Djed relies on ADA collateral and requires a 400% collateralization rate to cope with volatility; meanwhile, the algorithmic model may resemble the mechanism of UST (but will improve design flaws). The dual-track approach can cater to users with different risk preferences, but caution is needed regarding the death spiral risk of algorithmic stablecoins, as the 2022 Terra collapse serves as a cautionary tale.