SHEN and its Rewards

SHEN is DJED's reserve coin and secures the price stability of DJED being pegged to the US Dollar. DJED is backed by an amount of SHEN that is worth 400% to 800% the total ammount of circulating DJED.

The minimum price of SHEN is 1 ADA.

You will benefit from holding SHEN in the following ways

• Staking/delegation rewards: simply hold SHEN in your Cardano wallet and staking/delegation rewards will automatically be sent to you periodically (your rewards can be checked at https://djed.xyz/delegation-rewards; just connect your wallet on the top right and your rewards will be displayed)

• You will receive a share of the minting and burning fees (in practice the minting and burning fees go the reserve and by that increase the price/value of SHEN; once you burn SHEN you will receive your share of the fees)

• SHEN price moves with ADA price, which means you can benefit form market volatility. If ADA price increases, fewer ADA from the reserve are needed for backing DJED and SHEN value increases as more ADA are available to be distributed among SHEN holders. This means if you mint/buy SHEN at a lower ADA price and burn/sell it at a significantly higher ADA price you will receive more ADA than you have originally invested. (However, this also works the other way around. If the ADA price decreases, SHEN's price will also decrease as more ADA from the reserve are needed for backing DJED and fewer ADA are available to be distributed among SHEN holders.)

• LP rewards and farming rewards on DEXs.

COTI holders will benefit as operational fees are streamlined to the COTI treasury. COTI is bought on the open market with the collected ADA from operational fees periodically and is then transferred to the COTI treasury.

For more detailed information please go to https://cotinetwork.medium.com/djed-frequently-asked-questions-f636735be76 and https://djed.xyz/faq.