COTI Network Parnership With VyFinance
COTI Network thrilled to announce its partnership with VyFinance, the Decentralized Protocol side of Vy. Its plan is to collaborate on building and growing the Cardano ecosystem by integrating Djed, Cardano’s first algorithmic stablecoin, into the Vy Defi products such as liquidity pools, liquidity mining, and their DEX.
“We need a stablecoin to have a properly functioning DeFi ecosystem. It’s exciting that we will be able to accomplish this with Djed!”—Steven Ward, CEO of VyFinance
VyFinance offers an ecosystem that‘s easy to use and accessible for everyone.
COTI and VyFinance will jointly plan on going further and together explore different opportunities, such as widening our partnership to the ADA Pay product as well.
ABOUT VyFinance
VyFinance is an original interpretation of a DEX, built upon four main pillars. Firstly, a liquidity aggregator (auto harvester) as our top layer, this is where users can come without having to manage their own funds as this can be done by the auto harvester.
ABOUT COTI Network
COTI is a fintech program that has established decentralized payment networks and stable coins. It lies on a multi-DAG (directed acyclic graph) data structure that processes over 100,000 transactions per second. It uses blockchain to run various products, including payment processing and finance using stable coins, a white label payment system, several loyalty networks, and cross-border remittance technology.
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