diff --git a/public/articles/addressing-the-stablecoin-trilemma.md b/public/articles/addressing-the-stablecoin-trilemma.md
index 16c5ecc..5da9dc6 100644
--- a/public/articles/addressing-the-stablecoin-trilemma.md
+++ b/public/articles/addressing-the-stablecoin-trilemma.md
@@ -33,7 +33,10 @@ The real question isn’t if a stablecoin fully achieves these attributes, but w
## Exploring the Types of Stablecoins
-
+
+
+ stablecoins as the backbone of our digital economy
+
Stablecoins are the backbone of our digital economy — according to CoinGecko, the current total market cap of stablecoins is valued at $151 billion with daily trading volume amounting close to $80 billion.
@@ -41,7 +44,10 @@ Most of these stablecoins can fall under one of 4 categories below:
## Fiat-Backed Stablecoins
-
+
+
+ Fiat-Backed Stablecoins
+
Fiat-backed stablecoins mirror the value of fiat currencies, like USDC and USDT, which are the most used stablecoins. Pegged to traditional currencies, they are both stable and capital efficient but fall short on decentralization as they generally rely on a centralized structure with regulated entities. Given the centralized nature, these institutions can be susceptible to censorship, can engage in censorship, and notably, their actions raise concerns regarding transparency. Furthermore, their existence depends on the financial health of their operators.
@@ -49,7 +55,10 @@ USDT, by Tether, is a [notable example](https://blockworks.co/news/us-judge-orde
## Crypto-Collateralized Stablecoins
-
+
+
+ Crypto-Collateralized Stablecoins
+
Crypto-collateralized stablecoins achieve decentralization often at the cost of stability and capital efficiency. These stablecoins are created and issued as loans collateralized by top-performing digital assets (e.g.,ETH), locked in smart contracts. Because the collateral-to-loan ratio needs to be high to absorb price shocks, the excess collateral remains unused until the borrower repays the loan or faces liquidation. This leads to capital inefficiency. Moreover, stablecoin holders can only convert their stablecoins back into collateral during liquidation or when repaying loans, which further compromises their price stability.
@@ -57,7 +66,10 @@ The most popular example of this type is undoubtedly DAI by MakerDAO.
## Unbacked Stablecoins
-
+
+
+ Unbacked Stablecoins
+
Unbacked stablecoins attempt to eliminate the need for collateral or reserves through mechanisms that adjust supply based on price fluctuation. If the stablecoin’s price exceeds its target, the algorithm triggers to expand the supply, for instance, by minting new coins. If the price drops below the target, the algorithm encourages supply contraction — either by incentivizing users to burn or lock up their stablecoins — to push the price back up.
@@ -67,17 +79,20 @@ UST (and LUNA) on the Terra blockchain exemplifies this type of stablecoin. It c
## Crypto-Backed (Decentralized Reserve Protocols)
-.webp)
+
+
+ Crypto-Backed (Decentralized Reserve Protocols)
+
This newer model, which is often confused with the _crypto-collateralized_ stablecoins, offers a unique blend of decentralization and stability through backing, and mechanisms such as reserve tokenization which ensure capital efficiency.
This newer approach involves maintaining reserves of assets backing the stablecoins. One key difference between crypto-backed and crypto-collateralized is the ability to redeem stablecoins for a portion of the reserves at any time, without limitations such as repayment of loans or through liquidations. This improves price stability and gives users the confidence that, at any time, they can exchange their stablecoins for the backing asset, whose price is independent of the stablecoin protocol itself. This independence is essential to avoid and fully prevent death spirals.
-_The Djed Stablecoin Protocol is an example of a crypto-backed stablecoin protocol._
+*The Djed Stablecoin Protocol is an example of a crypto-backed stablecoin protocol.*
Djed also allows users to mint and redeem so-called reservecoins, which represent portions of the reserve surplus. In other words, reservecoins tokenize the reserve surplus and are free to be used in any way. For example, they could be staked or lent. Therefore, in Djed, no portion of the reserve needs to remain idle as inefficient capital. The whole reserve is tokenized as stablecoins and reservecoins, which can be used freely and efficiently.
-_[Learn how the Djed Stablecoin Protocol fulfills all three attributes](https://medium.com/djed-alliance/what-is-the-djed-stablecoin-protocol-a4f49328d138)_
+*[Learn how the Djed Stablecoin Protocol fulfills all three attributes](https://medium.com/djed-alliance/what-is-the-djed-stablecoin-protocol-a4f49328d138)*
## Final Words
diff --git a/public/articles/an-overview-of-djed-reservecoins-benefits-risks-and-more.md b/public/articles/an-overview-of-djed-reservecoins-benefits-risks-and-more.md
index 5f9c4d9..f99b8b1 100644
--- a/public/articles/an-overview-of-djed-reservecoins-benefits-risks-and-more.md
+++ b/public/articles/an-overview-of-djed-reservecoins-benefits-risks-and-more.md
@@ -10,8 +10,8 @@ excerpt: "Overview of Djed Reservecoins, their benefits, risks, mechanisms, and
The Djed Stablecoin Protocol allows users to mint not only stablecoins but also reservecoins. But what are reservecoins? In short:
-_Reservecoins tokenize the reserve surplus._
-_Each reservecoin gives its holder the right to a portion of the reserve surplus._
+*Reservecoins tokenize the reserve surplus.*
+*Each reservecoin gives its holder the right to a portion of the reserve surplus.*
Let’s dive deeper into what this means!
diff --git a/public/articles/articles-index.json b/public/articles/articles-index.json
index a82cfdc..e199908 100644
--- a/public/articles/articles-index.json
+++ b/public/articles/articles-index.json
@@ -36,6 +36,15 @@
"excerpt": "Guide: deploying smart contracts on Mordor and Ethereum Classic using Foundry.",
"featured": false
},
+ {
+ "slug": "djed-stablecoin-oracles-across-chains",
+ "title": "Djed Stablecoin Oracles Across Chains",
+ "author": "Wen-Chiao Su",
+ "date": "2025-02-10",
+ "image": "/images/djed-stablecoin-oracles.webp",
+ "excerpt": "Explains how Djed’s cross-chain price oracles gather reliable data and filter out outliers to protect stablecoin peg integrity.",
+ "featured": false
+ },
{
"slug": "on-burning",
"title": "On Burning…",
@@ -54,6 +63,15 @@
"excerpt": "Why hybrid crypto-backed + collateralized stablecoins create flawed incentives.",
"featured": false
},
+ {
+ "slug": "unleashing-the-potential-of-djed-powered-by-coti",
+ "title": "Unleashing the Potential of Djed Powered by COTI",
+ "author": "Zahnentferner",
+ "date": "2025-01-31",
+ "image": "/images/UI of Djed powered by COTI.webp",
+ "excerpt": "An In-depth analysis of Djed powered by COTI, its design, limitations, and opportunities to unlock its full potential within Cardano’s ecosystem.",
+ "featured": false
+ },
{
"slug": "deploy-next-app-to-github-pages-guide",
"title": "Improving Dapp Stability by Eliminating Dependencies to Centralized Services: A Complete Guide to Deploying a Next.js Application to GitHub Pages",
@@ -72,6 +90,15 @@
"excerpt": "Step-by-step guide to deploying a React.js application to GitHub Pages — ideal for decentralized web projects.",
"featured": false
},
+ {
+ "slug": "stablecoin-price-oracles-a-primer",
+ "title": "Stablecoin Price Oracles — A Primer",
+ "author": "Wen-Chiao Su",
+ "date": "2024-09-24",
+ "image": "/images/Stablecoin Price Oracles A Primer.webp",
+ "excerpt": "A clear primer on why price oracles are essential for stablecoins, how they work, and their key risks and challenges.",
+ "featured": false
+ },
{
"slug": "understanding-gluon-through-liquidity-pools",
"title": "Understanding Gluon through Liquidity Pools",
@@ -126,6 +153,24 @@
"excerpt": "Discover how to integrate Gluon Gold SDK to build a website enabling gold‑pegged ERG‑stablecoin operations directly in the browser.",
"featured": false
},
+ {
+ "slug": "retrospective-2023",
+ "title": "Retrospective 2023",
+ "author": "2023-12-28",
+ "date": "2024-06-13",
+ "image": "/images/year-twenty-twenty-three-review.webp",
+ "excerpt": "Recaps Djed Alliance’s 2023: research breakthroughs, new stablecoin deployments, expanded chains and community growth.",
+ "featured": false
+ },
+ {
+ "slug": "ecsd-ethereum-classic-native-stablecoin-djed-protocol",
+ "title": "ECSD: Ethereum Classic’s native stablecoin built with Djed Stablecoin Protocol",
+ "author": "Wen-Chiao Su",
+ "date": "2024-06-13",
+ "image": "/images/Ethereum Classic’s native stablecoin built with Djed Stablecoin Protocol.webp",
+ "excerpt": "Overview of ECSD, Ethereum Classic’s native USD-pegged stablecoin built with Djed.",
+ "featured": false
+ },
{
"slug": "basket-backing-challenges",
"title": "The Challenges and Problems of Backing by a Basket of Assets",
@@ -135,6 +180,24 @@
"excerpt": "Exploring the hidden pitfalls of backing a stablecoin with a basket of assets instead of a single asset.",
"featured": false
},
+ {
+ "slug": "buy-and-hodl-sigusd-rsv-on-cardano",
+ "title": "Using SigmaUSD on Cardano",
+ "author": "anon_real",
+ "date": "2024-05-08",
+ "image": "/images/using-sigmausd-on-cardano.webp",
+ "excerpt": "Guide on using SigmaUSD and SigRSV on Cardano, including how to transfer assets and buy/hold stablecoins.",
+ "featured": false
+ },
+ {
+ "slug": "why-native-stablecoins-are-essential-for-blockchains",
+ "title": "Why Native Stablecoins Are Essential for Blockchains",
+ "author": "Wen-Chiao Su",
+ "date": "2024-05-07",
+ "image": "/images/why-native-stablecoins-are-essential-for-blockchains.webp",
+ "excerpt": "Explores why native stablecoins matter for blockchain ecosystems, boosting liquidity, stability, and decentralized growth.",
+ "featured": false
+ },
{
"slug": "introducing-gluon-on-ergo",
"title": "Introducing Gluon, the future of stablecoin protocols on Ergo",
@@ -144,6 +207,51 @@
"excerpt": "Gluon brings a physics-inspired, governance-free stablecoin protocol to the Ergo blockchain.",
"featured": false
},
+ {
+ "slug": "an-overview-of-djed-reservecoins-benefits-risks-and-more",
+ "title": "An Overview of Djed ReserveCoins: Benefits, Risks and More",
+ "author": "Zahnentferner",
+ "date": "2024-04-26",
+ "image": "/images/an-overview-of-djed-reservecoins-benefits-risks-and-more.webp",
+ "excerpt": "Overview of Djed Reservecoins, their benefits, risks, mechanisms, and role within the Djed stablecoin ecosystem.",
+ "featured": false
+ },
+ {
+ "slug": "demystifying-algorithmic-stablecoins",
+ "title": "Demystifying Algorithmic Stablecoins",
+ "author": "Wen-Chiao Su",
+ "date": "2024-04-19",
+ "image": "/images/Demystifying Algorithmic Stablecoins.webp",
+ "excerpt": "A clear guide to algorithmic stablecoins, how they work, key mechanisms, risks, and their role in crypto ecosystems.",
+ "featured": false
+ },
+ {
+ "slug": "understanding-why-and-how-stablecoins-depeg",
+ "title": "Understanding Why and How Stablecoins Depeg",
+ "author": "Wen-Chiao Su",
+ "date": "2024-04-08",
+ "image": "/images/understanding-why-and-how-stablecoins-depeg.webp",
+ "excerpt": "Explains why stablecoins depeg, the common causes and mechanisms behind depegging, and implications for holders and markets.",
+ "featured": false
+ },
+ {
+ "slug": "addressing-the-stablecoin-trilemma",
+ "title": "Addressing the Stablecoin Trilemma",
+ "author": "Wen-Chiao Su",
+ "date": "2024-03-27",
+ "image": "/images/addressing-the-stablecoin-trilemma.webp",
+ "excerpt": "An explanation of the stablecoin trilemma — balancing decentralization, price stability & capital efficiency in design choices.",
+ "featured": false
+ },
+ {
+ "slug": "what-is-djed-stablecoin-protocol",
+ "title": "What is the Djed Stablecoin Protocol?",
+ "author": "Wen-Chiao Su",
+ "date": "2024-03-19",
+ "image": "/images/djed-stablecoin-protocol.webp",
+ "excerpt": "Djed is a formally verified, crypto-backed stablecoin protocol that ensures decentralized, resilient price stability.",
+ "featured": false
+ },
{
"slug": "the-djed-alliance-in-google-summer-of-code",
"title": "The Djed Alliance in Google Summer of Code",
@@ -161,6 +269,15 @@
"image": "/images/what-is-the-djed-alliance.webp",
"excerpt": "Learn about the Djed Alliance and its mission to bring stability to the decentralized economy through the Djed Stablecoin Protocol.",
"featured": false
+ },
+ {
+ "slug": "the-history-of-djed-and-the-djed-alliance",
+ "title": "The History of Djed and the Djed Alliance",
+ "author": "Zahnentferner",
+ "date": "2023-04-03",
+ "image": "/images/the-history-of-djed-and-the-djed-alliance.png",
+ "excerpt": "A concise history of Djed and the Djed Alliance, tracing its origins, development, and impact on stablecoin innovation.",
+ "featured": false
}
]
}
diff --git a/public/articles/buy-and-hodl-sigusd-rsv-on-cardano.md b/public/articles/buy-and-hodl-sigusd-rsv-on-cardano.md
index 76648f7..d33086a 100644
--- a/public/articles/buy-and-hodl-sigusd-rsv-on-cardano.md
+++ b/public/articles/buy-and-hodl-sigusd-rsv-on-cardano.md
@@ -44,7 +44,9 @@ To transfer your assets to Ergo, follow the following steps:
- Make sure you have your desired amount of ADA in a Cardano wallet such as [Eternl](https://eternl.io/).
- Visit [app.rosen.tech](https://app.rosen.tech/) and select Cardano as source and Ergo as target blockchains.
-
+
+
+
- Connect your Cardano wallet by clicking on “CONNECT WALLET”. Here we use Eternl.
diff --git a/public/articles/djed-stablecoin-oracles-across-chains.md b/public/articles/djed-stablecoin-oracles-across-chains.md
index 5271e4b..af090dd 100644
--- a/public/articles/djed-stablecoin-oracles-across-chains.md
+++ b/public/articles/djed-stablecoin-oracles-across-chains.md
@@ -26,8 +26,11 @@ Stablecoins rely on accurate oracles to prevent de-pegging from their target val
## Overview on Djed-based Stablecoins
-
-
+
+
+ Overview on Djed-based Stablecoins
+
+
To learn more about each oracle implementation, please refer to [this page](https://docs.stability.nexus/djed-stablecoin-protocols/deployments).
## Relevance of oracle sources
diff --git a/public/articles/ecsd-ethereum-classic-native-stablecoin-djed-protocol.md b/public/articles/ecsd-ethereum-classic-native-stablecoin-djed-protocol.md
index 945ac19..3b4e5f1 100644
--- a/public/articles/ecsd-ethereum-classic-native-stablecoin-djed-protocol.md
+++ b/public/articles/ecsd-ethereum-classic-native-stablecoin-djed-protocol.md
@@ -36,13 +36,13 @@ The Ethereum Classic Stable Dollar (ECSD), created by The Stable Order, will be
- Fully backed: Backed by a reserve of ETC with a reserve ratio significantly greater than 100%.
-*_[Learn more about the Djed Stablecoin Protocol](https://viewpoints.stability.nexus/a/what-is-the-djed-alliance/)_*
+*[Learn more about the Djed Stablecoin Protocol](https://viewpoints.stability.nexus/a/what-is-the-djed-alliance/)*
### The Djed Alliance
The Djed Alliance unites all Djed-based stablecoins. Currently, there are four different deployments of Djed-based stablecoins on four different blockchains. All of these deployments have been empirically battle-tested in periods of market instability and play significant roles in their respective blockchain ecosystems.
-*_[Learn more about the Djed Alliance](https://viewpoints.stability.nexus/a/what-is-the-djed-alliance/)_*
+*[Learn more about the Djed Alliance](https://viewpoints.stability.nexus/a/what-is-the-djed-alliance/)*
## Looking Forward
@@ -56,5 +56,4 @@ To stay updated on ECSD’s development, join us on [Discord](https://discord.gg
The [Djed Alliance](https://djed.one/) aims to stabilize the digital economy through the Djed Stablecoin Protocol.
-The Djed Stablecoin Protocol is deployed across multiple networks and can be used to create your stablecoin. Join our [growing community](https://discord.gg/ggxP4ttHgN) and together, we will advance the future of the decentralized economy.
-
+The Djed Stablecoin Protocol is deployed across multiple networks and can be used to create your stablecoin. Join our [growing community](https://discord.gg/ggxP4ttHgN) and together, we will advance the future of the decentralized economy.
\ No newline at end of file
diff --git a/public/articles/retrospective-2023.md b/public/articles/retrospective-2023.md
index c0c8299..22c5bfb 100644
--- a/public/articles/retrospective-2023.md
+++ b/public/articles/retrospective-2023.md
@@ -2,7 +2,7 @@
title: "Retrospective 2023"
author: "Zahnentferner"
date: "2023-12-28"
-image: "/images/2023-in-review.webp"
+image: "/images/year-twenty-twenty-three-review.webp"
excerpt: "Recaps Djed Alliance’s 2023: research breakthroughs, new stablecoin deployments, expanded chains and community growth."
---
diff --git a/public/articles/the-history-of-djed-and-the-djed-alliance.md b/public/articles/the-history-of-djed-and-the-djed-alliance.md
index 68bda39..30ef415 100644
--- a/public/articles/the-history-of-djed-and-the-djed-alliance.md
+++ b/public/articles/the-history-of-djed-and-the-djed-alliance.md
@@ -32,4 +32,7 @@ In February 2023, after a long and thorough peer-review process, an academic pap
The Djed Alliance keeps growing beyond the original collaboration team and we welcome new collaborators who would like to work together to achieve our mission.
-
+
+
+ Full History of Djed Alliance
+
diff --git a/public/articles/understanding-why-and-how-stablecoins-depeg.md b/public/articles/understanding-why-and-how-stablecoins-depeg.md
index 82f03c9..083b60f 100644
--- a/public/articles/understanding-why-and-how-stablecoins-depeg.md
+++ b/public/articles/understanding-why-and-how-stablecoins-depeg.md
@@ -45,7 +45,7 @@ These factors can all destabilize the stablecoin, causing its price to deviate a
Unbacked stablecoins and those collateralized with cryptocurrencies are particularly vulnerable to market volatility. Sharp market movements can affect these stablecoins’ supply and demand, leading to a deviation from the peg.
-
+ USDT depegging to $0.95 shortly after the LUNA/UST crisis. Source:CoinMarketCap
@@ -54,8 +54,7 @@ This usually starts when users question the stability or reliability of the issu
### Liquidity issues
-
+ USDR loses its peg on Pearl DEX. Source: DEXScreener
@@ -64,8 +63,7 @@ Insufficient liquidity can hinder the ability to trade a stablecoin without affe
### Technical problems
-
+ USP depegging to 0.47 after the flash loan attack. Source:CoinMarketCap
@@ -74,8 +72,7 @@ Vulnerabilities in smart contracts or underlying technology can cause stablecoin
### Macro influence
-
+ USDC depegging to 0.88 after the news broke. Source:CoinMarketCap
@@ -86,8 +83,7 @@ Broader economic factors, such as inflation or changes in interest rates, can in
Changes in regulatory frameworks or legal challenges can introduce uncertainty that affects stablecoin stability, highlighting the complex relationship between digital assets and the regulatory landscape.
-
+ Kaiko Volatility Data
diff --git a/public/articles/unleashing-the-potential-of-djed-powered-by-coti.md b/public/articles/unleashing-the-potential-of-djed-powered-by-coti.md
index decfc21..2e88ced 100644
--- a/public/articles/unleashing-the-potential-of-djed-powered-by-coti.md
+++ b/public/articles/unleashing-the-potential-of-djed-powered-by-coti.md
@@ -8,7 +8,7 @@ excerpt: "An In-depth analysis of Djed powered by COTI, its design, limitations,
# Unleashing the Potential of Djed Powered by COTI
-_This article is part of a series of two articles covering both [Djed powered by COTI](https://djed.xyz/) and Milkomeda [Djed Osiris](https://milkomeda.djed.one/). These two articles have been funded by the Cardano Community through Catalyst. They are part of the deliverables of the [Djed Alliance Ecosystem Boost](https://cardano.ideascale.com/c/idea/112645/) project. The articles are written by Zahnentferner, founder of the Djed Alliance and one of the 5 engineers who were part of original R&D team that led to the Djed Stablecoin Protocols._
+*This article is part of a series of two articles covering both [Djed powered by COTI](https://djed.xyz/) and Milkomeda [Djed Osiris](https://milkomeda.djed.one/). These two articles have been funded by the Cardano Community through Catalyst. They are part of the deliverables of the [Djed Alliance Ecosystem Boost](https://cardano.ideascale.com/c/idea/112645/) project. The articles are written by Zahnentferner, founder of the Djed Alliance and one of the 5 engineers who were part of original R&D team that led to the Djed Stablecoin Protocols.*
As one of the 5 engineers who worked on the R&D of Djed's first implementation (SigmaUSD on Ergo) before I even named the protocol "Djed", as the main author of the two Djed stablecoin papers, and as the founder of the Djed Alliance, I would like all Djed-based or Djed-inspired stablecoins to succeed.
@@ -52,20 +52,17 @@ The implementation is not open-source (in the sense of being licensed through an
Instead of being transparent about the issues above, COTI either avoids these issues or deliberately claims the opposite of the truth. For example, as shown in the screenshots below, COTI's FAQ claims that Djed powered by COTI is decentralized and open-source.
-
+ COTI falsely claiming that Djed powered by COTI is fully decentralized
-
+ COTI falsely claiming that Djed powered by COTI is community-driven and allows open-source development
-
+ COTI again falsely claiming that Djed powered by COTI is open source
@@ -74,22 +71,19 @@ Instead of being transparent about the issues above, COTI either avoids these is
COTI's FAQ is full of technical misconceptions and misunderstandings about the Djed Stablecoin Protocol itself. For example, COTI refers to Djed as "an overcollateralized stablecoin and not an algorithmic stablecoin".
-
+ COTI wrongly referring to Djed as over-collateralized and not algorithmic.
But the title of Djed's paper states that Djed is algorithmic and the "Related Work" section of the paper explains how a crypto-backed stablecoin protocol, like Djed, differs from crypto-collateralized stablecoin protocols.
-
+ Title of Djed's paper, clearly stating that Djed is algorithmic and crypto-backed
-
+ "Related Work" section, discussing how crypto-collateralized stablecoins are different from Djed
@@ -134,8 +128,7 @@ COTI's frontend for Djed powered by COTI restricts users from some countries. An
Moreover, COTI imposes quite high minimum amounts to mint and redeem stablecoins and reservecoins. This effectively limits access to the contract only to wealthier users. Poorer users must resort to buying and selling stablecoins and reservecoins in secondary markets.
-
+ High minimum amounts for minting and redemption transactions
diff --git a/public/articles/what-is-djed-stablecoin-protocol.md b/public/articles/what-is-djed-stablecoin-protocol.md
index 62fa907..a8f88d8 100644
--- a/public/articles/what-is-djed-stablecoin-protocol.md
+++ b/public/articles/what-is-djed-stablecoin-protocol.md
@@ -22,7 +22,7 @@ Djed sets itself apart by addressing all three critical aspects.
Unique to Djed is its self-regulating mechanism that functions akin to an autonomous bank, algorithmically managing the buying and selling of stablecoins to keep their value stable without external intervention. In addition, Djed’s protocol is designed to be chain agnostic and open source, allowing for deployment across various networks to create native stablecoins.
-_[Learn how to deploy a Djed-based stablecoin on your blockchain](https://docs.djed.one/about-us/the-djed-alliance/create-a-djed-based-stablecoin)_
+*[Learn how to deploy a Djed-based stablecoin on your blockchain](https://docs.djed.one/about-us/the-djed-alliance/create-a-djed-based-stablecoin)*
## Battle-tested and proven
@@ -46,7 +46,10 @@ Learn more: Crypto-backed and crypto-collateralized are [two different concepts]
## How Djed works
-
+
+
+ How Djed Works
+
Djed is designed to be stable and redeemable under any circumstances. It seeks to maintain a minimum and maximum reserve ratio between 400% and 800%. This means even if the base coin’s value drops suddenly by 75%, Djed’s stability isn’t compromised.
@@ -62,11 +65,14 @@ The mechanism is designed to motivate base coin holders to provide liquidity by
- Djed-based stablecoins remain redeemable at all times.
-_[Learn more about the Djed Stablecoin design](https://iohk.io/en/research/library/papers/djed-a-formally-verified-crypto-backed-pegged-algorithmic-stablecoin/)_
+*[Learn more about the Djed Stablecoin design](https://iohk.io/en/research/library/papers/djed-a-formally-verified-crypto-backed-pegged-algorithmic-stablecoin/)*
## Djed compared to other stablecoins
-
+
+
+ Djed Compare to other stables
+
## Final words
diff --git a/public/articles/why-native-stablecoins-are-essential-for-blockchains.md b/public/articles/why-native-stablecoins-are-essential-for-blockchains.md
index b3d6cd7..d09bc7e 100644
--- a/public/articles/why-native-stablecoins-are-essential-for-blockchains.md
+++ b/public/articles/why-native-stablecoins-are-essential-for-blockchains.md
@@ -12,13 +12,13 @@ excerpt: "Explores why native stablecoins matter for blockchain ecosystems, boos
TL;DR: All stablecoins carry inherent risks, which vary from low to high based on their structural design. The use of bridges while promoting asset interoperability, introduces an additional point of failure. When stablecoins are transferred across chains using bridges, the original assets are locked in the bridge, and derivative tokens are issued on the target chain. However, if the bridge is exploited, holders of the derivative will not be able to recover the original assets. As a result, these derivatives become worthless, since the redemption of the underlying assets requires burning the original/native stablecoin. Having a native stablecoin in each ecosystem is crucial for building long term stability and value.
-_[Learn more about the various risk factors that lead stablecoins to depeg.](https://medium.com/djed-alliance/understanding-why-and-how-stablecoins-depeg-f27e3d17357f)_
+*[Learn more about the various risk factors that lead stablecoins to depeg.](https://medium.com/djed-alliance/understanding-why-and-how-stablecoins-depeg-f27e3d17357f)*
## What are Native Stablecoins?
Native stablecoins are stablecoins directly issued in a specific blockchain network. The issuers, such as Circle for USDC, Tether for USDT, or smart contracts for [algorithmic stablecoins](https://medium.com/djed-alliance/demystifying-algorithmic-stablecoins-4392e3b42b0e), retain control over the minting and burning of these stablecoins on their respective networks. Holders of native stablecoins have the option to redeem them for the underlying asset they are backed by, such as fiat currency in the case of USDC by Circle or a crypto asset in the case of a crypto-backed stablecoin, by requesting to burn the stablecoin at any time.
-_Note: It is not a native stablecoin if it is not issued and redeemable on the current chain._
+*Note: It is not a native stablecoin if it is not issued and redeemable on the current chain.*
## The Context
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