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Holders of Cardano’s Stablecoin Reserve Coin To Receive Rewards For ADA Deposits

COTI has found a temporary solution to enable SHEN holders to receive delegation rewards when Djed launches.

Holders of Djed’s reserve currency, SHEN, will receive rewards for ADA held in Djed’s smart contract at launch.

COTI, the issuer of Djed, the Cardano stablecoin, revealed this in a Medium blog post shared on Twitter yesterday. According to the article, it is a temporary solution. COTI says a multiple-pool staking solution that will ship with Djed v1.3 will replace it.

(By OKOYA DAVID)

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