Following the successful launch of the Djed Public Testnet, COTI & GADA are announcing their new partnership to integrate Djed as the defacto stablecoin of GADA’s ecosystem.
Through this alliance, GADA, which is a permissionless, community-governed platform to support Cardano-based ideas and projects, will offer more fundraising options to both investors and project owners and will mitigate market volatility by utilizing other currencies.
According to João Sousa, GADA’s Founder and CEO: “The Cardano DeFi ecosystem needs funding as Cardano based ideas have been incubating for years and GADA is ready to democratize fundraising on the Cardano blockchain through its two launchpads — GADA Pro and GADA Light.
Our partnership with Djed will provide a stablecoin to the GADA ecosystem, offering more fundraising solutions for investors and project owners. I believe a lot of synergies can be created with COTI.”
COTI’s CEO Shahaf Bar-Geffen notes: “This is another milestone towards incorporating Djed’s utilization across the Cardano DeFi ecosystem. We are happy to partner with GADA and help them continue to democratize fundraising on the Cardano blockchain.”
GADA’s launchpads will have an easy, stable fundraising unit with Djed’s integration. As a result of this partnership, Djed is being utilized properly and seamlessly, creating a larger number of use-cases for the stablecoin across multiple platforms.
GADA is empowering projects and ideas with the ability to distribute tokens and raise liquidity through its two launchpads — GADA Pro and GADA Light. The GADA ecosystem is meant to go beyond launchpads. From incubation to product launch GADA intends to create a one stop for project development and launch on Cardano. GADA Pro is a launchpad that aims to fundraise Cardano based projects, having the need for KYC and GADA Light is a launchpad that aims to do the same but without the need for KYC and KYT.