DeFi Blockchain Behind Cardano’s New Djed Stablecoin Announces Successful Hard Fork and Updated Fees

DeFi Blockchain Behind Cardano’s New Djed Stablecoin Announces Successful Hard Fork and Updated Fees

The decentralized finance (DeFi) protocol in the back of Cardano’s (ADA) new stablecoin says that it has efficaciously up to date its community. According to a latest weblog put up through COTI Network, the scalable layer-1 in the back of ADA’s upcoming Djed stablecoin, the replace transitioned the blockchain to a multi-token community that now helps the advent of personal price networks.

The release of the MultiDAG 2.0 protocol heralds COTI’s full transition from a single-coin infrastructure to a multi-token network… We believe COTI is uniquely positioned to serve businesses by enabling them to launch their own private payments (PPN) network, including issuance of CMD branded payment tokens [COTI MultiDAG], issuance of CMD branded loyalty tokens and more. COTI also announces an adjustment of its usage fees. According to the company, your deposit fee will be reduced by 50%. , and your withdrawal fee will change from a fixed price to a dynamic price, but the early withdrawal fee will remain the same.

Other fees mentioned include a flat multiplier fee, which only applies to multiplied deposits, and a 1-5% processing fee, which also only applies to multiplied deposits.

The new tariff model will come into effect on January 15th. COTI says its transition will trigger widespread adoption of crypto assets as payments for goods and services. “This launch also marks a major step for the cryptocurrency industry. like COTI, as MultiDAG 2.0 will increase the growth of mainstream crypto payment adoption for companies that have not yet adopted crypto payment solutions.

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