1. What is Djed?

Introduction to DjedTokens

Djed is a crypto-backed algorithmic stablecoin Futures designed to ensure price stability. It operates through the following methods:

1. Base Currency Reserve: Djed maintains stability by holding base currencies (like ADA) as reserves.
2. Minting and Burning: Futures can mint and burn stablecoins and reserve currencies to maintain price stability.
3. Buying and Selling Stablecoins: Futures regulate market prices through the buying and selling of stablecoins.
4. Using Reserves: Futures use reserves to maintain the value of the stablecoin.
5. Charging Fees: Futures charge fees to sustain operations.

The most significant innovation of Djed is the use of liquid ADA assets as collateral, with upper and lower limits set for collateral coverage ratios. This design allows Djed to maintain stability even if the price of ADA falls, such as remaining stable during a 75% drop in ADA's price.

2. Who founded Djed?

DjedTokens were designed by IOG (Input Output Global), the development company for Cardano, while the issuance is managed by the COTI Group. It is a formally verified algorithmic stablecoin by Cardano, supported by Tokens. Therefore, the founders of Djed are not individuals but rather the collaborative efforts of IOG and the COTI Group.

3. Which venture capital firms invested in Djed?

Based on the information provided and search results, it is not possible to directly identify which venture capital firms invested in DjedTokens. However, it is known from the search results that Djed has established a partnership with the RealFi startup Thrift, but this does not directly indicate which venture capital firms have invested in Djed.

If you need more detailed information, it is recommended to further search or check Djed's official website or news reports.

4. How does Djed work?

How Djed (DJED) Tokens operate:

1. Algorithmic Stability Mechanism: Djed is a crypto-backed algorithmic stablecoin Futures that operates by holding base currency reserves, minting and burning stablecoins and reserve coins. It uses smart Futures to ensure price stability.

2. SHEN and ADA Support: Djed is supported by SHEN and ADA, where SHEN is a reserve token with a unique mechanism to maintain DJED's algorithmic peg while providing long-term incentives for SHEN token holders.

3. Over-Collateralization: The Djed protocol maintains its fixed exchange rate through over-collateralization of ADA, ensuring stability even in harsh market conditions.

4. Decentralized Finance (DeFi) Operations: Djed will be used in decentralized finance (DeFi) operations, providing a stable Tokens for various purposes like payments, lending, payroll, settlements, backup banking, remittances, etc.

5. Transparency and Security: The Djed protocol ensures transparency and security through the use of smart Futures and blockchain-based design, avoiding the reserve transparency and liquidity issues of traditional stablecoins.

In summary, Djed Tokens provide a stable Tokens suitable for various financial operations through its unique algorithmic stability mechanism and the support of SHEN and ADA.