DJED End Of November

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This week the COTI team announced that the final audit for the Cardano stable coin DJED will be completed by the end of November. This is taking a little longer than expected but the end result is what matters the most. The one thing we have learned in Crypto is to have a little patience as the rewards for holding out will be worthwhile.

There have been some scenarios offered up by the team in the past and seriously believe they have been way too conservative.

Predicting that during the first 3 months, the Djed protocol grows at a conservative rate, with over 3,000 interactions of minting and burning $DJED, then at the end of this period, the contract would already have collected over $1M worth of $ADA.

3000 interactions of minting and burning for the first 3 months would sound rather decent for s new protocol, but for something as big as Cardano that has a community waiting to get involved this just sounds way too small.

the operational fees collected by COTI in this same timeframe would consequently be around $400K

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With the number of projects already lined up for DJED plus more joining as we have another 6 weeks still this figure should do x 5 what is predicted. $40 million DJED stable coins is not really going to break any records and suggest that this is way too conservative in their assumptions. Considering these protocols have been waiting to get going there will be a huge demand.

The COTI Treasury will see a spike in APR and why building the stake is going to really pay off over the next 3 years. We haven't really experienced the full force of the earning potential thus far with a current APR of 8.1%. With a few rough calculations even on their conservative minting and burning assumptions the APR will comfortably surpass 15% within the next 12 months.

This figure is not taking into account from the fees generated by the Enterprise tokens which follow the DJED launch. Personally I do think the 15% is not wishful thinking ,but a certainty by the first Quarter of 2023. I am hoping COTI doesn't rise too quickly in value as this would result in less COTI being bought from the exchanges filtering back to the treasury.

There is more than enough happening to be really bullish for COTI over the next 18 months as this is going to explode onto the Crypto scene as the development rolls out with their various launches over the next 12 weeks.

Posted Using LeoFinance Beta



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3 comments
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I saw that cryptoandcoffee has uploaded a new post! It is about Djed and COTI. I upvote then i read! 😁

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I wonder if Cardano will rally on these news. In the end, there is a big community behind ADA. But on the other hand it jsut seems like they are always at least one step behind the competition. What are your thoughts on ADA?

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I saw they made a new announcement today. Another partnership. Lots of good stuff coming out of this one!

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