Djed(DJED) Public Testnet is Live!

Djed is a decentralized, algorithmic stablecoin that is built on Cardano. An algorithmic stablecoin maintains stability through a combination of collateral and a reserve token. In this case, Shen is Djed’s reserve coin and has the role of ensuring price stability — specifically it guarantees the collateralization rate and the peg of the stablecoin.

Releasing Djed in a Testnet environment allows us to test the main functionalities of the protocol in a fictitious and safe space using trial funds. This will also give everyone an opportunity to understand the dynamics of the protocol without incurring any risks.

Here is how you can test the Djed ecosystem:

1. Go to the Cardano test faucet and get test ADA:
   https://testnets.cardano.org/en/testnets/cardano/tools/faucet/
2. Go to djed.xyz
3. Connect with your Nami wallet
4. Change the Network to "Testnet"
5. Check the "custom node" box and insert the URL: https://cardano-submit-api-testnet.djed.xyz/api/submit/tx
6. Start minting and burning Djed on the Testnet version.

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