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public/articles/articles-index.json

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{
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"articles": [
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{
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"slug": "gluon-explained-freedom-from-reserve-ration-constraints",
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{
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"slug": "understanding-gluon-free-reserve-ratio-constraints",
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"title": "Understanding Gluon if you know Djed: Freedom from Reserve Ratio Constraints",
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"author": "Zahnentferner",
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"date": "2025-08-18",
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"featured": false
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},
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{
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"slug": "stability-role-in-crypto-adoption",
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"slug": "stablecoins-role-in-crypto-adoption",
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"title": "Why Stability Matters: The Role of Stablecoins in Crypto Adoption",
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"author": "John Walter Munene Njeru",
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"date": "2025-04-03",
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"featured": false
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},
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{
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"slug": "gluon-explained-liquidity-pools",
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"slug": "understanding-gluon-through-liquidity-pools",
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"title": "Understanding Gluon through Liquidity Pools",
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"author": "Zahnentferner",
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"date": "2024-08-18",
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"featured": false
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},
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{
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"slug": "gluon-explained-simultaneous-minting-and-redemption",
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"slug": "understanding-gluon-simultaneous-minting-redemption",
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"title": "Understanding Gluon if you know Djed: Simultaneous Minting and Simultaneous Redemption",
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"author": "Zahnentferner",
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"date": "2024-08-17",
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"featured": false
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},
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{
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"slug": "gluon-on-ergo-bug-bounty-program",
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"slug": "bug-bounty-program",
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"title": "Bug Bounty Program for Gluon on Ergo",
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"author": "Zahnentferner",
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"date": "2024-07-10",
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"featured": false
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},
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{
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"slug": "collateralized-vs-backed-stablecoins",
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"slug": "collateralized-vs-backed-stablecoins-holders-perspective",
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"title": "Crypto-Collateralized vs Crypto-Backed Stablecoins, from a Stablecoin Holder’s Perspective",
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"author": "Zahnentferner",
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"date": "2024-06-28",
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"featured": false
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},
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{
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"slug": "challenges-of-backing-by-basket-of-assets",
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"slug": "basket-backing-challenges",
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"title": "The Challenges and Problems of Backing by a Basket of Assets",
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"author": "Zahnentferner",
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"date": "2024-06-13",
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"featured": false
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},
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{
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"slug": "djed-alliance-google-summer-of-code",
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"slug": "the-djed-alliance-in-google-summer-of-code",
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"title": "The Djed Alliance in Google Summer of Code",
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"author": "Zahnentferner",
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"date": "2024-03-15",

public/articles/bug-bounty-program.md

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# Bug Bounty Program for Gluon on Ergo
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We’re launching a Bug Bounty Program for The Stable Order’s implementation of the Gluon Protocol on the Ergo blockchain. Gluon is a new and innovative stablecoin protocol designed by Dr. Bruno Woltzenlogel Paleo (a.k.a. Zahnentferner). Gluon Gold on Ergo ([<u>https://gluon.gold</u>](https://gluon.gold)) is the first implementation of this protocol in the blockchain space, with the stablecoin pegged to gold. This represents a significant advancement in stablecoin technology on the Ergo blockchain.
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We’re launching a Bug Bounty Program for The Stable Order’s implementation of the Gluon Protocol on the Ergo blockchain. Gluon is a new and innovative stablecoin protocol designed by Dr. Bruno Woltzenlogel Paleo (a.k.a. Zahnentferner). Gluon Gold on Ergo ([https://gluon.gold](https://gluon.gold)) is the first implementation of this protocol in the blockchain space, with the stablecoin pegged to gold. This represents a significant advancement in stablecoin technology on the Ergo blockchain.
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The bug bounty program aims to protect users and their funds from potential vulnerabilities in the smart contract. We’ll be rewarding anyone who identifies and reports critical bugs that could enable fund theft.
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Program Scope: This bug bounty program only covers critical bugs found in the code repository at [<u>https://github.com/DjedAlliance/Gluon-Ergo-Backend-Contracts</u>](https://github.com/DjedAlliance/Gluon-Ergo-Backend-Contracts). Critical bugs are defined as vulnerabilities that could allow an attacker to steal funds. For non-critical bugs, please contact us.
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Program Scope: This bug bounty program only covers critical bugs found in the code repository at [https://github.com/DjedAlliance/Gluon-Ergo-Backend-Contracts](https://github.com/DjedAlliance/Gluon-Ergo-Backend-Contracts). Critical bugs are defined as vulnerabilities that could allow an attacker to steal funds. For non-critical bugs, please contact us.
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Reporting Process: Please report the critical bug to [<u>gluon.alliance@gmail.com</u>](mailto:gluon.alliance@gmail.com). Reach out to us privately on Discord or Telegram. Do not disclose the bug publicly until it is resolved. If possible, please exploit the bug to secure and return any affected user funds. We will work together to resolve the issue quickly.
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Reporting Process: Please report the critical bug to [gluon.alliance@gmail.com](mailto:gluon.alliance@gmail.com). Reach out to us privately on Discord or Telegram. Do not disclose the bug publicly until it is resolved. If possible, please exploit the bug to secure and return any affected user funds. We will work together to resolve the issue quickly.
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Reward Structure: We offer a reward in gluons (The Stable Order’s contribution accounting token). The *initial reward amount* is equal in value to the sum of the following:
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By participating in this program, you’ll be contributing to the security and protection of Gluon Gold on Ergo and its users. We’re excited to collaborate with security researchers who share our dedication to securing blockchain and smart contract systems.
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Questions? If you have any questions or concerns, feel free to reach out to us on our Discord server: [<u>https://discord.gg/xgUybE4s7G</u>](https://discord.gg/xgUybE4s7G). Thank you for your interest in securing the Gluon Stablecoin Protocol.
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Questions? If you have any questions or concerns, feel free to reach out to us on our Discord server: [https://discord.gg/xgUybE4s7G](https://discord.gg/xgUybE4s7G). Thank you for your interest in securing the Gluon Stablecoin Protocol.
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*Note: This announcement was written by Cannon_q, Ergo's Sigmanaut and Knight of the Stable Order.*

public/articles/collateralized-vs-backed-stablecoins-holders-perspective.md

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This meaning can be seen in the following definitions:
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*"Collateral in the financial world is a valuable asset that a borrower pledges as security for a loan." — [<u>Investopedia</u>](https://www.investopedia.com/terms/c/collateral.asp)*
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*"Collateral in the financial world is a valuable asset that a borrower pledges as security for a loan."*[Investopedia](https://www.investopedia.com/terms/c/collateral.asp)
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*"[Collateral is] valuable property owned by someone who wants to borrow money, that they agree will become the property of the company or person who lends the money if the debt is not paid back." — [<u>Cambridge Dictionary</u>](https://dictionary.cambridge.org/us/dictionary/english/collateral)*
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*"Collateral is valuable property owned by someone who wants to borrow money, that they agree will become the property of the company or person who lends the money if the debt is not paid back."*[Cambridge Dictionary](https://dictionary.cambridge.org/us/dictionary/english/collateral)
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*"Collateral: property (such as securities) pledged by a borrower to protect the interests of the lender" — [<u>Merriam-Webster Dictionary</u>](https://www.merriam-webster.com/dictionary/collateral)*
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*"Collateral: property (such as securities) pledged by a borrower to protect the interests of the lender"*[Merriam-Webster Dictionary](https://www.merriam-webster.com/dictionary/collateral)
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*"[C]ollateral is a borrower’s pledge of specific property to a lender, to secure repayment of a loan." — [<u>Wikipedia</u>](https://en.wikipedia.org/wiki/Collateral_(finance))*
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*"Collateral is a borrower’s pledge of specific property to a lender, to secure repayment of a loan."*[Wikipedia](https://en.wikipedia.org/wiki/Collateral_\(finance\))
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In the cryptocurrency space, however, the word “collateral” is often misused to refer to any assets deposited or locked into a smart contract, even if there is no loan involved. Considering that this is not a common word in ordinary life, it feels like slang that people (mis)use indiscriminately to indicate to each other that they are part of the crypto subculture.
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The stablecoin, in this case, gives the holder a right to redeem it at any moment for a portion of the reserve. This right is transferable. If Alice mints some stablecoins and then sells them to Bob, Bob willl have the right to redeem them.
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A primary use case for this type of stablecoin is to protect against the risk of falls in the price of the underlying asset. If a user believes that the underlying asset’s price will fall, the user can sell the underlying asset for stablecoins, by interacting directly with the contract. The use case of a leveraged long position is also supported, but through the purchase of reservecoins (see: [<u>An Overview of Djed Reservecoins</u>](https://medium.com/djed-alliance/an-overview-of-djed-reservecoins-benefits-risks-and-more-5e12b9dbf410)).
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A primary use case for this type of stablecoin is to protect against the risk of falls in the price of the underlying asset. If a user believes that the underlying asset’s price will fall, the user can sell the underlying asset for stablecoins, by interacting directly with the contract. The use case of a leveraged long position is also supported, but through the purchase of reservecoins (see: [An Overview of Djed Reservecoins](https://medium.com/djed-alliance/an-overview-of-djed-reservecoins-benefits-risks-and-more-5e12b9dbf410)).
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## Conclusion
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public/articles/gluon-gold-vs-paxos-gold.md

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### Paxos Gold Overview
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![paxos-gold-overview](/images/paxos-gold-overview.webp)
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<figure>
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<img src="/images/paxos-gold-overview.webp" alt="paxos-gold-overview">
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<figcaption>A photo of paxos gold overview</figcaption>
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</figure>
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<u>[Paxos Gold (PAXG)](https://paxos.com/paxgold/)</u> operates under traditional finance (TradFi) custody services, offering users the security of physical gold stored in London Bullion Market Association (LBMA) approved vaults. It is backed by real gold, each token representing one fine troy ounce. Paxos, the entity behind PAXG, ensures that the gold is audited and the token complies with regulatory standards set by the New York State Department of Financial Services. This centralized approach facilitates lower costs and easy redemption but introduces potential risks related to centralization and counter-party dependencies.
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## Conclusion
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Choosing between <u>[Gluon Gold](https://gluon.gold/)</u> and Paxos Gold depends largely on one’s comfort with (de)centralization and the associated risks of each model. While Paxos Gold offers a regulated and secure way to invest in gold with the convenience of digital assets, Gluon Gold appeals to those seeking a more decentralized and transparent approach, potentially mitigating certain traditional risks but introducing new dynamics inherent to crypto-backed assets.
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Choosing between [Gluon Gold](https://gluon.gold/) and Paxos Gold depends largely on one’s comfort with (de)centralization and the associated risks of each model. While Paxos Gold offers a regulated and secure way to invest in gold with the convenience of digital assets, Gluon Gold appeals to those seeking a more decentralized and transparent approach, potentially mitigating certain traditional risks but introducing new dynamics inherent to crypto-backed assets.
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As the digital asset landscape continues to evolve, understanding these nuances will help users make informed decisions aligned with their risk tolerance and goals.
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Join the Stability Nexus
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Join our <u>[discord](https://discord.gg/8yhY6Esn)</u> or <u>[telegram](https://t.me/StabilityNexus)</u> and learn more about the The Stable Order and the <u>[Stability](https://docs.stability.nexus/)</u> Nexus. Plus subscribe here on <u>[Medium](https://news.stability.nexus/)</u>. Cheers!
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Join our [discord](https://discord.gg/8yhY6Esn) or [telegram](https://t.me/StabilityNexus) and learn more about the The Stable Order and the [Stability](https://docs.stability.nexus/) Nexus. Plus subscribe here on [Medium](https://news.stability.nexus/). Cheers!

public/articles/stablecoins-role-in-crypto-adoption.md

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Thanks to their stability, stablecoins are an attractive option for investors and newbies alike. New use cases for stablecoins are emerging daily, whether in trading, transfers, or value storage. While some elements that affect price fluctuation will always be present, the stablecoins pathway makes the entire crypto market more stable. In effect, this positions stablecoins as a core pillar to the full adoption of cryptocurrencies. Institutional adoption further adds to market stability.
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<u>[The Stable Order](https://docs.stability.nexus/)</u>, a decentralized organization passionate about improving stability in the world, has been researching and developing stablecoin protocols since 2020. Its Djed Stablecoin Protocol is the basis for various stablecoins that are part of the <u>[Djed Alliance](https://djed.one/)</u>. And its newest Gluon Stablecoin Protocol takes many lessons learned from Djed and revolutionizes the algorithmics of stablecoins.
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[The Stable Order](https://docs.stability.nexus/), a decentralized organization passionate about improving stability in the world, has been researching and developing stablecoin protocols since 2020. Its Djed Stablecoin Protocol is the basis for various stablecoins that are part of the [Djed Alliance](https://djed.one/). And its newest Gluon Stablecoin Protocol takes many lessons learned from Djed and revolutionizes the algorithmics of stablecoins.
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These stablecoin protocols have mathematical proofs of stability, which have been formally verified using automated reasoning tools. Their implementations have undergone extensive testing and battle-testing over many years, bringing reliable stability to the blockchains where they have been deployed.
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The Stable Order is continuously refining stability mechanisms, forging a future where truly decentralized stablecoins, without the need for intermediaries or operators, are the foundation of DeFi. For more information and updates about Djed and Gluon, <u>[please join our community](https://discord.gg/ggxP4ttHgN)</u>.
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The Stable Order is continuously refining stability mechanisms, forging a future where truly decentralized stablecoins, without the need for intermediaries or operators, are the foundation of DeFi. For more information and updates about Djed and Gluon, [please join our community](https://discord.gg/ggxP4ttHgN).

public/articles/the-djed-alliance-in-google-summer-of-code.md

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# The Djed Alliance in Google Summer of Code
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![The Djed Alliance in Google Summer of Code](../images/the-djed-alliance-in-google-summer-of-code.webp)
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In cooperation with AOSSIE, the Australian Open Source Software Innovation and Education association, some members of The Stable Order will be mentoring Google Summer of Code students interested in contributing to the Solidity implementation of the Djed stablecoin protocol and its frontend.
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We encourage all interested students to apply!

public/articles/understanding‑gluon_free‑reserve‑ratio‑constraints.md renamed to public/articles/understanding-gluon-free-reserve-ratio-constraints.md

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*How is Gluon different from Djed?*
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This is the second article in a series addressing this question. Read the [<u>first article</u>](https://news.stability.nexus/understanding-gluon-if-you-know-djed-simultaneous-minting-and-simultaneous-redemption-479105ff6954) before reading this one! And try Gluon at [<u>https://gluon.gold</u>](https://gluon.gold).
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This is the second article in a series addressing this question. Read the [first article](https://news.stability.nexus/understanding-gluon-if-you-know-djed-simultaneous-minting-and-simultaneous-redemption-479105ff6954) before reading this one! And try Gluon at [https://gluon.gold](https://gluon.gold).
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An important difference between Djed and Gluon is that, unlike Djed, Gluon does not have any minimum reserve ratio or maximum reserve ratio parameters, below or above which some operations are disabled.
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This is the second in a series of articles about understanding Gluon.
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Read the [<u>previous articles</u>](https://news.stability.nexus/). Join the Stability Nexus’s [<u>Discord</u>](https://discord.gg/YzDKeEfWtS) and [<u>Telegram</u>](https://t.me/StabilityNexus), and follow Gluon on X, to be notified of future articles.
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Read the [previous articles](https://news.stability.nexus/). Join the Stability Nexus’s [Discord](https://discord.gg/YzDKeEfWtS) and [Telegram](https://t.me/StabilityNexus), and follow Gluon on X, to be notified of future articles.
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Remember to use Gluon Gold on Ergo at [<u>https://gluon.gold</u>](https://gluon.gold).
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Remember to use Gluon Gold on Ergo at [https://gluon.gold](https://gluon.gold).

public/articles/understanding‑gluon_simultaneous‑minting‑redemption.md renamed to public/articles/understanding-gluon-simultaneous-minting-redemption.md

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It comes after the Djed Stablecoin Protocol, which has been implemented and deployed across multiple chains such as:
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- [<u>SigmaUSD (on Ergo)</u>](https://sigmausd.io/),
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- [SigmaUSD (on Ergo)](https://sigmausd.io/),
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- [Milkomeda Djed](https://milkomeda-c1.djed.one/),
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- [Djed by COTI](https://djed.xyz/) (on Cardano),
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It’s a delicate balance of encouraging use while discouraging actions that could destabilize the ecosystem.
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Join the Stability Nexus’s [<u>Discord</u>](https://discord.gg/YzDKeEfWtS) and [<u>Telegram</u>](https://t.me/StabilityNexus), and follow [<u>Gluon</u>](https://x.com/GluonStable) on X, to be notified of future articles.
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Join the Stability Nexus’s [Discord](https://discord.gg/YzDKeEfWtS) and [Telegram](https://t.me/StabilityNexus), and follow [Gluon](https://x.com/GluonStable) on X, to be notified of future articles.
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Remember to use Gluon Gold on Ergo at https://gluon.gold.

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