# Djed

> Track Djed with daily standardized on-chain data. Compare Djed with other stablecoins. See charts, financial statements and datasets in one place.

Source: [Djed on Token Terminal](https://tokenterminal.com/explorer/projects/djed). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: DJED
- Sectors: Stablecoins

## About

### What it is

Djed is an algorithmic stablecoin protocol on Cardano issued by COTI in partnership with IOG, backed by ADA and a reserve coin (SHEN).

### Who uses it

Djed is operated by COTI; the protocol is governed by SHEN holders within reserve-ratio bounds.

### How it works

Djed (dUSD) is minted/redeemed against ADA collateral with a reserve ratio buffer maintained by SHEN reserve coin holders.

## Links

- [website](https://djed.xyz/)
- [twitter](https://twitter.com/DjedAlliance)