COTI recently announced a new partnership with Indigo, a well-known protocol for autonomous algorithm synthesis. As part of the collaboration, COTI will work with the Cardano-based on-chain platform to integrate DJED.
Additionally, as part of the partnership, Indigo users will have access to DJED as collateral for trading and minting new iAssets. A stablecoin like DJED will bring more stability to debt positions, also known as CDPs. look at that COTI Price Prediction learn more.
The integration will remove volatility from one side of the transaction to allow for a standard investment approach. It will facilitate a lower risk rating for customers holding CDPs of half. As the issuer of DJED, COTI will take responsibility for releasing new smart contracts for the stablecoin.
In addition, it will also act as a front end for interacting with developers, funds and companies. It will also help other users who aim to mint both the reserve and the stablecoin as part of the pegging mechanism.
Eric Coley, CEO of Indigo, was delighted with the recent collaboration. According to Eric, Indigo immediately aims to build one of the most robust and disruptive, yet easy-to-use finance apps that have the composability to allow focus on one section. The team aims to achieve the mission by continuously building on its existing portfolio of integration partnerships. The recent collaboration with COTI is one such endeavor and is sure to play a role in boosting Cardano’s DeFi space as well.
Indigo’s vision of tokenizing the real economy can create immense value in both the RealFi and DeFi industries, as it helps users access assets they generally don’t have. The latest integration is part of the development that will achieve the goal.