Djed, the Djed Alliance and The Stable Order

All 5 engineers who were part of the initial team that researched and developed the Djed Stablecoin Protocol since 2020 are knights of the Stable Order. Djed was the first collective stability-related endeavor of members of the Stable Order. The Stable Order is the guardian of the Djed Stablecoin Protocol. The Stable Order now has more than 60 members, many of which have joined the Order to work on various implementations of the Djed Stablecoin Protocol.

The Djed Alliance is the open union of all people and entities working on stablecoins based on or inspired by the Djed Stablecoin protocol. Not all of them are members of the Stable Order, because some of them do not abide by our code of honor (yet). We strongly encourage them to abide by our code of honor and become members of our order.

For users wondering which Djed-based stablecoins to use, The Stable Order strongly recommends preferring those developed by members of The Stable Order instead of those developed by people who choose not to be members of The Stable Order, for the following reasons:

• By using a Djed-based stablecoin developed by people who have chosen to become members of The Stable Order:

  • you can be sure that the stablecoin was developed with the expertise of The Stable Order. This expertise goes beyond what others can learn by simply reading papers and copying code.

  • the researchers and developers who created the Djed Stablecoin Protocol, will be fairly rewarded for their work, thanks to the third commandment, and this will support the future evolution of the protocol.

• By using a Djed-based or Djed-inspired stablecoin by people who have chosen not to become members of The Stable Order, you may be supporting free-riding and rent-seeking actions that ultimately contribute to instability in the world.

The Stable Order's endeavors are not limited to Djed and the Order's scope is broader than stablecoins.