What is Shen?

Shen is a reserve token that helps to maintain Djed stablecoin peg. By buying and selling Shen, users are able to maintain Djed’s USD currency peg while earning a share of transaction fees in the reserve pool. Since the Reserve Coin is a tradable asset, holders can also profit from the short-mid term price fluctuations as an added incentive.

Djed is a crypto-backed overcollateralized stablecoin that is developed by IOG and powered by COTI. Djed uses smart contracts to ensure price stabilization, and that the coin will be useful for DeFi operations. It operates by keeping a reserve of base coins, and minting and burning stablecoins and reserve coins.