Djed, the stablecoin protocol, does not require the UTXO model and can also be deployed on accounting (ex: EVM) blockchains too well. This may help users & devs understanding and bring new ideas.
Our team developed and deployed Djed for the testnet version of Milkomeda. This allowed both developers and users to play around with Djed before its official release on Cardano.
This is the total amount allocated to Milkomeda Djed
Our deployment of Djed on the Milkomeda testnet has allowed many users and developers to understand Djed and how it works better before its deployment on the Cardano mainnet. We hope that this deployment of Djed can also serve the community in the future as a kind of test environment for quick iteration of new ideas (since a testnet version has no monetary value) before deciding on changes to the mainnet release
We already deployed the mainnet version of Djed and this proposal is primarily to pay for the work that we have already done in deploying this protocol.
Stablecoins are an important use-case -- especially for blockchains like Cardano that has seen little interest from existing backed stablecoin projects. We hope this deployment of Djed can help inspire the mainnet Djed and other similar protocols to have market success on Cardano
No risk because we're already finished all the work and deployed the protocol
Q2: Develop and deploy an EVM version of Djed to the Milkomeda testnet and create a web interface for it (https://djed-testnet.milkomeda.com/)
All the funds were used for either the core development of the protocol or for the web interface
Robert Koracnki led the R&D for the project
No plans to return for a later round at the moment
Project is already completed
User and developers trying out this testnet version of Djed and coming out of it with a better understanding of the protocol and how it behaves
The team that deployed this version of Djed was also involved its the implementation of the proto-Djed that was deployed to the Ergo chain (utxo model)