COTI partners with Astarter
COTI partners with Astarter to incorporate Djed into their ADEX. Astarter is a DeFi infrastructure hub on Cardano with four core applications including Launchpad, DEX, Money Market & Tech Service Platform.
Astarter will be using Djed to bring native Cardano stable market pairs for highly liquid asset trading on the Astarter Decentralised Exchange (ADEX).
At the core of Astarter is an Automated Market Maker (AMM) protocol. Its design to leverage greater security and smart contract cost predictability features of a Cardano next-level DeFi application deployment supporting liquidity and interoperability with multi-source verifiable price oracles.
The initial aim of the partnership between Astarter and COTI is to bring native Cardano stable market pairs for highly liquid asset trading on the Astarter Decentralised Exchange (ADEX) which has the potential to increase stability and decrease speculation and volatility in adverse market conditions.
“As a DeFI infrastructure hub on Cardano, we are very pleased to be developing a long-standing partnership with the COTI team with the aim of bringing native Cardano stablecoin pairs for highly liquid asset trading on the Astarter Decentralised Exchange (ADEX)”—Chris Tang, Astarter’s CEO
This partnership, along with the previous 34 announced, will ensure the proper and seamless utilization of $Djed. Create an increased use-case for it across multiple platforms. Stay tuned for more updates.
ABOUT COTI Network
COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments. Designed for use by merchants, governments, payment DApps, and stablecoin issuers.
ABOUT Astarter
Astarter is a key DeFi infrastructure hub on Cardano with four core applications including Launchpad, DEX, Money Market & Tech Service Platform. They are developing DeFi applications for the Cardano ecosystem. With the backing of EMURGO, which is a founding member of the Cardano protocol. Astarter aims to elevate its contribution and bring broader possibilities to the Cardano ecosystem. Providing fair, safe, and accessible open finance services. They are targeting to meet existing and future demand in accelerating DeFi apps, therefore empowering the next generation.
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