Profile
DJED profile facts
Djed Stablecoin (DJED) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
- Collateral
- ADA reserves held by the Cardano Djed protocol, with SHEN reserve-coin holders absorbing surplus reserve volatility
- Peg mechanism
- Overcollateralized Cardano stablecoin where DJED can be minted and burned against ADA while SHEN maintains the reserve ratio band
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Cardano.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
DJED quick answers
5
What is Djed Stablecoin (DJED)?
DJED is COTI's overcollateralized Cardano dollar stablecoin, minted against ADA reserves while SHEN holders absorb reserve volatility within a target band. The static profile records its US Dollar peg mechanism as: Overcollateralized Cardano stablecoin where DJED can be minted and burned against ADA while SHEN maintains the reserve ratio band.
Is DJED safe?
As of Nov 8, 2026, Pharos grades DJED B- (68/100) on its Safety Score. Pharos's reviews record that no direct power to freeze holders was found on its material deployments, and any holder can use its reviewed redemption route. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs DJED?
Pharos records DJED's reserves as of Aug 23, 2026 as 100% ADA reserves in the Cardano Djed contract. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can DJED be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, no direct freeze-control path sets the verdict under the reviewed deployment-materiality scope.
How do you redeem DJED?
Under the route Pharos reviewed on May 12, 2026, any holder can redeem DJED for ADA. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
