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Indigo Protocol

INDY$0.00
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Price Data

Analysis

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Cardano: 533bb9...97a0

Market Cap

45394060
#950

All-Time High

4.5

All-Time Low

0.370591

Fully Diluted Valuation

102172739

Circulating Supply

15550059 (44.43%)

Total Supply

35000000

What is Indigo Protocol?

Indigo Protocol is a decentralized platform that tokenizes digital and real-world assets on the blockchain, enabling equitable access to a global economy. By leveraging blockchain’s transparency and efficiency, Indigo democratizes financial opportunities, allowing anyone with an internet connection and a cryptocurrency wallet to participate.

Synthetic Assets: Diversified and Accessible

Indigo Protocol introduces synthetic assets, or iAssets, which mimic the price of tracked assets without requiring direct ownership.

Key Features:

  • Wide Range of Asset Classes: Includes cryptocurrencies, commodities, and more.
  • Decentralized Creation: No custodians or central authorities.
  • Low Barrier to Entry: Accessible for anyone with cryptocurrency.
  • Composability: Integrates seamlessly into larger financial ecosystems.

Collateralized Debt Positions (CDPs): Unlock DeFi Potential

At Indigo’s core are CDPs, enabling users to mint iAssets by collateralizing ADA. This enhances the utility of Cardano’s ecosystem.

  • Leverage: Use ADA to mint synthetic assets while retaining staking rewards.
  • Utility: Maximize ADA’s potential across DeFi platforms.
  • Ease of Use: Automated processes for creating and managing CDPs.

Stability Pools: Ensuring Security and Rewards

Indigo’s Stability Pools maintain solvency and mitigate risks from liquidity issues. Providers earn rewards in ADA and INDY.

  • System Solvency: Protects against undercollateralized CDPs.
  • Rewards System: Incentivizes users for supporting protocol health.

INDY Staking: Governance and Growth

Staking INDY tokens aligns community incentives and rewards users with a share of protocol fees.

Advantages:

  • No Lockups: Flexible participation.
  • Real Yield: Rewards reflect platform usage and growth.
  • Governance: Empowering users in decision-making.

INDY Token: The Core of Indigo Protocol

The INDY Token is the backbone of Indigo Protocol, with a capped supply of 35 million tokens. Designed to foster sustainability and growth, INDY’s tokenomics emphasize community participation and long-term commitment. Over 60% of the circulating INDY supply is staked by community members, showcasing their dedication to the protocol’s evolution and governance.

Key Features of INDY:

  • Governance Power: INDY holders shape the protocol's future by voting on critical proposals.
  • Multi-Yield Rewards: Earn diverse rewards through active participation and protocol engagement.
  • Protocol Fee Sharing: Benefit from every transaction, aligning community incentives with the protocol’s success.

Other Projects in the Synthetic Issuers Category

  • STP: a cryptocurrency aiming to revolutionize DAOs and AI in gaming.
  • Mettalex: a decentralized exchange using AI agents to trade digital assets across blockchains.
  • Dafi Protocol: links synthetics to network adoption, releasing tokens based on demand and adoption.

Indigo Protocol Price Analysis

As of December 6 2024 Indigo Protocol has a marketcap of $45M. This is {{percentagefromath}} from its all time high of $4.50. In terms of its tokenomics, there's a total supply of 35M with 44% currently outstanding. Keep in mind Indigo Protocol has a fully diluted value of $102M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Chat GPT LogoClaude LogoSummarized in part by ChatGPT 4 and Claude