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Hi everyone in this video were going to explain DJEDs unique mechanism. To start with DJED is an overcollateralized stablecoin that is backed by ADA which is an independent asset with its own utility and uses SHEN as its reserve coin SHEN guarantees that the collateralization rate of the protocol in order to ensure theres enough ADA in the pool even in cases where ADAs value fluctuates. DJED is overcollateralized by 400% to 800% and it has a unique mechanism that guarantees its overcollateralization. Now lets see how it works in order to explain the mechanism in a simple and easy to understand way lets say that ADAs value is one dollar and SHENs value is also one dollar DJEDs value is one dollar. The calculations in this video do not include fees and they are not demonstrated in the given examples. Later on in this video we will share examples with different figures. DJED has a reserve pool of ADA at the moment the pool is empty Alex decides to mint five SHEN in or