Cardano is massive ecosystem with large number of actively developed projects, and some of them are crucial for its success
Cardano is a huge ecosystem consisting of thousands of projects, and it is extremely easy to miss some of them, especially for community members who are not following the accounts of smaller projects.
DJED launch and DjedPay
DJED algorithmic stablecoin has been one of the most discussed projects on Cardano since the Luna catastrophe. Users separated into two camps: ones who believe algorithmic stablecoin backing is doomed to fail and those who believe that Cardano will handle the pressure that UST could not.
In their most recent post, the Djed developers released a screenshot of DjedPay, a payment solution that will be available following the launch of the stablecoin in January 2023.
Optim Finance’s bonds
Previously, we covered the most recent launch of Optim Finance’s decentralized yield products that included Liquidity Bonds and are upcoming in the future Strategy Vaults. Decentralized passive investment solutions are practically the backbone of the DeFi industry, which is expected to become the main growth fuel for Cardano in the future.
Before being released on the Cardano mainnet, the SPF token will be launched by Spectrum. Around the same period, users are looking forward to the launch of Yield Farming on Ergo. Spectrum’s partners at Optim Finance have previously described the importance of the development of the DeFi industry as their product is heavily dependent on the number of active projects on the network and would not work without the active development of projects like SpectrumLabs.
