Djed: The First Fully Decentralized Algorithmic Stablecoin

This study addresses the limitations of the Minimal Djed implementation, such as Fixed Fees and Zero Equity scenarios, which can hinder market responsiveness and create vulnerabilities during extreme conditions. By incorporating Variable Fees and Preventing Zero Equity, the Extended Djed protocol enhances adaptability and resilience. The findings aim to inspire innovative stablecoin designs, contributing to a more stable and secure cryptocurrency landscape for users and developers.