#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 ratio to cope with volatility; whereas the algorithmic model may be similar to 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 collapse of Terra in 2022 serves as a warning.