COTI is not governed or owned by Cardano. The two networks operate independently, each with its own infrastructure, team, and roadmap. Still, their connection is closer than most cross-chain partnerships.
COTI V2 is an Ethereum-based Layer 2 protocol designed for encrypted computation. It brings privacy to smart contracts and supports programmable finance across ecosystems. One of its earliest and most visible partnerships came through Cardano, where COTI was chosen to build ADA Pay, a native payment solution that enables merchants to accept ADA in real-world transactions.
This collaboration deepened when COTI was selected to issue and manage Djed, Cardano’s algorithmic stablecoin. Djed is pegged to the US dollar and backed by ADA and SHEN. COTI’s role involves minting, burning, and ensuring stable operation of the protocol through a smart contract framework that interfaces directly with Cardano.
While these contributions are central to Cardano’s DeFi ambitions, COTI remains a separate ecosystem. It does not share governance with Cardano, and its roadmap is focused on privacy, computation, and scalable Treasury mechanics through COTI V2.
The partnership is functional and strategic. COTI delivers utility, while Cardano provides a stable environment for deployment. Their work on Djed continues to serve as a bridge between infrastructure and adoption.
The collaboration reflects mutual trust, but not structural overlap. COTI is not a Cardano sidechain or internal module. It stands alone and yet it remains one of Cardano’s closest ecosystem allies.
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