Top 5 Milkomeda-C1 Djed Competitors & Alternatives And Similar Dual-Token Stablecoin Projects

Cardano's native overcollateralized stablecoin, developed by IOG and powered by COTI. $DJED is backed by $ADA and uses $SHEN as a reserve coin

Algo-Stables , CDP , Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Cardano , Ergo , Milkomeda C1

$12,091,189

1,801

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f(x) splits ETH into a mix of low-volatility “floating stablecoins” called fETH and high volatility “leveraged ETH” tokens called xETH. Users can supply ETH or stETH to mint either one (pure ETH is zapped into stETH before deposit)

CDP , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

BNB Chain , Ethereum

$60,173,010

10,937

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7,991

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An overcollateralized algorithmic stablecoin backed by DOGE on dogechain.

CDP , Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Dogechain

$4,361

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Money On Chain is a self-contained DeFi protocol (a stablecoin, HODL token, leveraging mechanism, and more) which empowers Bitcoiners to improve performance of their assets while also retaining full control of their private keys.

Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Lending , Partially Algorithmic Stablecoin

Rootstock

$65,404,187

6,620

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Hylo splits yield-bearing assets into two complementary products: hyUSD - a stable USD-denominated asset with access to sustainable yield, and xSOL - leveraged SOL exposure with zero liquidation risk and no funding costs. Users can deposit LSTs to mint either asset

CDP , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Solana

$59,017,594

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