Various bug fixes and user interface enhancements are also included in this release.
Cardano’s IOHK has announced that a new version of the Daedalus Wallet, Daedalus 4.10.0 for Mainnet, is now available. Daedalus 4.10.0 improves the performance of anonymous native tokens and adds support for the Windows development environment, as well as fixes a couple problems for the Ledger Nano S on Windows.
New Daedalus: #daedalus 4.10.0 for Mainnet is now available with improved functionality.
this version:12 May 2022
This release also includes various bug fixes and user interface enhancements and integrates with the current version of Cardano Wallet (which supports Cardano Node 1.34.1).
In other news from IOHK, an invitation to a developer event on June 8 in Austin, Texas, is presented before the Consensus Event. The major cryptocurrency has reversed part of Thursday’s decline over the past 24 hours and the overall market cap is up 13%.
Cardano’s ADA is up 30%, outperforming other major cryptocurrencies. Traders may see cryptocurrencies as oversold and buy them after a sharp drop. Systemic issues within and outside the market have led to a sharp decline in the cryptocurrency this week. Concerns about high inflation and disappointing CPI data in the United States weighed on bitcoin prices, as did the disappointing news of the UST collapse and Luna’s death spiral to $0.
During the collapse of UST, Cardano’s founder, Charles Hoskinson, targeted Terra, arguing that Cardano’s Z peg is stronger than UST due to “overcollateralization”. Djed, a decentralized algorithmic stablecoin for Cardano developed by IOG and issued by COTI, was recently launched on the public testnet. Hoskinson called this a major milestone for algorithmic stablecoins.
Explaining what gives Djed its stability, COTI Network wrote in a recent blogpost, “Djed’s algorithm is based on a collateral ratio in the range of 400%-800% for Djed and Shane.”
If the reserve ratio is less than 400%, the smart contract will forbid the creation of any new Djed. In addition, Shen holders will not be able to burn their Shen at any time while the reserve ratio is less than 400%. If the reserve ratio goes above 800%, the smart contract will forbid any new shen to be minted. Shen is allowed to burn and this will decrease the reserve ratio.
The reserve coin, Shane, takes responsibility for providing additional reserves for the pool. Unlike the Djed stablecoin, Shen is not tied to any specific asset and can fluctuate in price.