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Indigo Protocol

Symbol: INDY

1.1503 (₳)

189 min ago

Daily Vol: 34208(₳)

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About Indigo Protocol:

Indigo Protocol

Taken from Indigo Protocol Whitepaper:

Indigo bridges the real world to the blockchain, giving everybody equal access to financial opportunities.

We are in the midst of a global switch of the fundamental financial train tracks that we use as a global society to trade and transact at the retail and wholesale level, aided by blockchain technology evolution. In this paper, we showcase Indigo Protocol to assist in that transition for the people. For a majority of the world’s billions of people, in fact, fair access to the financial tools of this world is all but inaccessible. Accessible for the accredited and wealthy, but not the person in a developing country or without certain credit.

With Indigo Protocol, our mission is to bring the world's financial and equitable assets to the blockchain allowing everyone access to them, in a synthetic form, to control their own financial destiny. As great wealth distribution takes place with money flowing out of the western and developed world and into other countries, Indigo Protocol will be just one tool in decentralized blockchain that will help this long overdue, more free, and fair distribution to happen seamlessly.

Equalizing the Playing Field

Two people can have the same education, do the same work and put in the same effort, yet not have the same development possibilities. One has access to their share of the growth of the global economy, and the other is left with empty pockets. One will be able to save, plan and invest in their future self. The other will work their whole lifetime only to be left with no reward for their hard work.

It’s brutal and unfair. Borders have limited human development. Until now.

What is Indigo Protocol?

Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano. Simply put, Indigo Protocol allows you to use your own ADA as collateral, in order to get access to the syntethic version of USD, ETH, or BTC. Keep in mind, it's not the actual token you're getting access to but the syntetic version, which exposes you to the price exposure of that particular asset.

How does Indigo work?

Indigo allows anyone to create synthetic assets, known as iAssets. iAssets can be created using currencies such as stablecoins and ADA. They have the same price effect as holding the asset being replicated. This allows you to gain profit from the increase in price of an asset without owning the original asset itself.

Watch VideoPower of Indigo Protocol

What are Synthetic Assets?

Synthetic Assets give users exposure to a variety of assets without the need to actually own the underlying asset. These assets can be anything that has value in the real world. With its transparency, efficiency, low barriers to entry, and decentralized traits, the Blockchain can smoothly deliver all these assets to anyone with access to the Internet.

Demonstrated below, Bitcoin (BTC) can be minted as a synthetic Bitcoin (iBTC).

Learn MoreSynthetic Assets 101

INDIGO WEB-APP PROTOCOL

This page allows users to stake their INDY to participate in governance voting.

The dashboard is the hub for finding valuable information about the Indigo Protocol.

This page allows a user to open a collateralized debt position to mint iAssets.

This page allows users to manage their collateralized debt position.

The stability pool page allows users to deposit/withdraw iAssets from Stability Pools.

This page allows users to stake their INDY to participate in governance voting.

The dashboard is the hub for finding valuable information about the Indigo Protocol.

This page allows a user to open a collateralized debt position to mint iAssets.

This page allows users to manage their collateralized debt position.

The stability pool page allows users to deposit/withdraw iAssets from Stability Pools.

This page allows users to stake their INDY to participate in governance voting.

Below are some of the current functions available.

Collateralized Debt Positions (CDP)
CDP Liquid Staking
Stability Pools
Liquidity Pools
Stake LP Tokens
Governance
Staking
Polls

Watch our DemoFunctional Web-app Demo

$INDY TOKENOMICS

The INDY governance token comes from its use in the Indigo DAO voting process. The total supply of INDY will be 35M tokens with a 6 decimal precision. The max supply of INDY will be distributed to protocol users, stakers, and LPs over the course of four years. We believe in a fair distribution of the INDY tokens to the early adopters of the protocol, therefore there will be NO community pre-sale via ICO/ISO/ISPO

Token Distribution

How to obtain $INDY

Stability Pools: We reward INDY to stability providers, who deposit iAssets in preparation for collateral liquidation. This is critical for both system solvency, user experience, and security against liquidity risks.

iAsset LP Stakers: We reward INDY to iAsset LP stakers for their commitment to the iAssets LPs, essential to the whole ecosystem’s liquidity. Without them, it’s not easy to do useful things with the minted iAssets.

INDY Stakers: We reward INDY to INDY stakers, who stake and participate in the governance processes of the protocol. We need such incentive for more people to hold INDY, which in turn balances our decentralized system. This prevents having a few whales who run the system.

THE INDIGO DAO

What is the Indigo DAO?

Indigo is a decentralized community led project. The Indigo DAO owns the Indigo Protocol, including the application, website and all intellectual property. A DAO (decentralized autonomous organization) is like a company, but instead of being incorporated in a country is established in a blockchain.

You, the Indigo community, control the decisions for the Indigo DAO. You can cast your votes using the INDY token. A forum has been established to help facilitate community votes. All Indigo community members are encouraged to join the forum to propose, discuss and vote on ideas to guide Indigo’s future direction.

OUR ROADMAP

Q2 2022

Testing and auditing. Private testnet.

Q3 2022

Partnership development. Vasil upgrades.

Q4 2022

Product research and development. Mainnet launch.

Q1 2023

Expanding Indigo iAsset suite, Indigo DEX aggregator, CTL v4 upgrade, transaction optimization, continual UI/UX optimizations and integration with decentralized oracles.

Q2 2023

Continued launch of new iAssets, launch the distributed Frontend Administrator Module (FAM), notification center, Stability Pool scaling, fee distribution optimization, and development of interoperability solutions.

INDIGO TEAM

Every member of the Indigo team serves a crucial role in further development and management of the protocol, the community, and direction. Hover over each member to learn more about their experience and role in the Indigo team.