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.
Indigo is an algorithmic, autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano.
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.
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.
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
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 to 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.
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.
Company launch. Initial design planning.
Development of smart contracts. Demo of web application.
Catalyst Fund 6. Integrating Alonzo node and development.
Audit of Smart Contracts. Integration of PAB.
Development of off-chain solutions.
Testing and auditing. Private testnet.
Partnership development. Vasil upgrades.
Product research and development. Planned mainnet launch.
Launch new iAssets. Development of interoperability solutions.
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.
The Cardano DeFi Alliance (CDA) was founded by a group of DeFi developers, infrastructure providers, and Plutus software development organizations. At the core of this foundation was the desire to communicate, educate, and innovate. Through these fundamentals the CDA plans to leverage the Cardano blockchain’s strengths to create a robust, and dynamic DeFi ecosystem. Setting an industry standard for all DeFi to emulate.
Indigo Achieves Feature-Complete Milestone
Indigo’s highly ambitious undertaking to build the industry-leading decentralized collateral-based marketplace for synthetic assets has r...
Jul 27, 2022 / Read More
Indigo Private Testnet Concludes
After two weeks of strenuous testing, we are excited to announce that the Indigo Private Testnet has come to a very successful conclusion...
Jun 01, 2022 / Read More
Indigo Airdrop & CSPA Partnership
On February 23rd, 2022 a vote was put up for the community to decide when an airdrop of Indigo tokens should be distributed. Over six tho...
May 18, 2022 / Read More
The Indigo Private Testnet is LIVE
Indigo began its mission to bring synthetic assets to the Cardano blockchain in April of 2021, taking on the challenge of delivering a fu...
May 10, 2022 / Read More
Indigo INDY Airdrop & Initial Token Distribution Vote Details
Wondering how Indigo’s airdrop and token distribution will work? Here we describe the INDY token distribution process and the steps that ...
Feb 16, 2022 / Read More
Indigo Partners with Minswap DEX
We’re excited to announce our partnership with Minswap DEX. Indigo and Minswap will be working together to enable iAsset trading on their...
Jan 31, 2022 / Read More
Indigo Partners with VyFinance
We are thrilled to announce our latest partnership to the community — VyFinance and Indigo will be joining forces on the following Cardan...
Jan 28, 2022 / Read More
Indigo Partners with COTI, Bringing DJED to Users
We are excited to announce a partnership with stablecoin developer COTI to explore ways to implement DJED — the first algorithmic stablec...
Jan 24, 2022 / Read More
Indigo & Liqwid Partnership Announcement
We are thrilled to announce our latest partnership to the community this week — Liqwid and Indigo will be joining forces to offer the fol...
Dec 06, 2021 / Read More
Below we have answered many of the frequently asked questions by our community and other people within the industry.
INDY tokens will be available after Indigo launches.
Where is INDY value derived from and what’s the reason for holding?
* Create new proposals
* Vote on existing proposals
* Earn a portion of Indigo’s revenue via staking
More value incentives will be added and developed in future versions of the Indigo Protocol.
Indigo believes in a "Fair Launch” process. There’ll be no presale or method to purchase INDY before Indigo is launched. You can learn more about Indigo’s Fair Launch process here: Indigo Protocol Tokenomics and Fair Launch
No, there’s no minimum amount of INDY that you’ll need to stake or vote.
Yes, there’s a minimum required amount of 25 INDY to create a proposal. If the proposal passes, you receive that INDY back. If it doesn’t pass, that INDY is distributed to stakers. (This 25 INDY is a protocol parameter that might end up changing before launch and can also be changed via vote.)
We’re aiming to launch in Q3 of 2022. This is subject to change depending on the development of Cardano’s smart contract platform.
Cardano is a decentralized public proof of stake blockchain. It’s designed to be a flexible, sustainable and scalable platform for running decentralized applications such as Indigo.
Because Indigo is expected to manage billions of dollars worth of assets, a well researched, secure, decentralized and scalable blockchain is necessary. Cardano is the most suitable blockchain that meets the needs required for Indigo’s mission.
You’d use Indigo if you wanted to profit from the price movement of a real world asset, or if you wanted to put your capital to work to earn additional income.
Centralization means authority is controlled by a small group, such as a Government or corporation. Decentralization has authority spread across a community. An example of centralization is a bank that can control who can and cannot open an account. Indigo on the other hand is decentralized, since there’s no controlling power that can prevent somebody from using the platform.
Yes, there’ll be a 1.5% fee for interacting with CDPs which will be distributed to INDY stakers. This is subject to change as the Indigo team researches different fee structures.
An iAsset is an Indigo asset whose price replicates the price of a real world asset.
Anything that has a real world price can be turned into an iAsset.
iAssets can be traded using the Indigo app or any exchange that supports them, such as SundaeSwap.
ADA and other stablecoins such as Ardana’s dUSD and Djed can be used as collateral to mint iAssets.
New iAssets can be added at any time after they’re approved by Indigo community members who’re staking INDY tokens.
An asset that has the same price effect as holding another asset is known as a synthetic asset. A synthetic asset’s price moves near-identically to the asset it’s replicating. This allows you to gain profit from the increase in price of an asset without owning the original asset itself.
A tokenized synthetic asset is a synthetic asset that lives on a blockchain. In the case of Indigo this means synthetic assets (iAssets) living on Cardano.
Anything that has a real world price can be turned into a synthetic asset.
Any question? Reach out to us and we’ll get back to you shortly.