Indigo Protocol
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Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano.
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๐Ÿฅณ One of the most requested Indigo web-app features is here!

APR/APY for $iUSD, $iETH, and $iBTC Stability Pools, Liquidity Pools, and $INDY Governance Staking are now shown in Indigo! ๐Ÿ”ฅ

Click the "i" to see a breakdown of past APR/APY denominated in $ADA & $INDY.

https://twitter.com/Indigo_protocol/status/1635699704804569088?s=20
Introducing the first of a 3-part series on iUSD's design: Triple Peg Architecture โšก๏ธ

๐Ÿง  Recap the stablecoin volatility of recent macroeconomic events and how iUSD maintained stability via its triple peg to TUSD, USDT, & USDC!

Read, Like, and RT: https://twitter.com/Indigo_protocol/status/1638936417031077888?s=20

https://t.co/QPB2snYmiL
โšก๏ธPresenting Part 3 of our iUSD series: Acquiring iUSD, CDP Liquid Staking, & Real-World Utility!

๐ŸŒ Dive into the process of obtaining iUSD while still earning yield from your ADA collateral through CDP Liquid Staking!

๐Ÿ”ฎRead, Like, and RT: https://twitter.com/Indigo_protocol/status/1644010839739867137?s=20

https://t.co/Wmc2OnQfOb
๐Ÿ”ฎApril Month in Review: Continued CDP, user, and TVL growth to kick off Indigo Protocol's Q2!

DeFi Metrics:
28.39M USD TVL
14.17M USD iAsset MC - $iUSD, $iBTC, $iETH
1,302 CDPs
4.64M $INDY Circulating Supply
2.3M $INDY Staked (~49% of Circ Supply)

https://twitter.com/Indigo_protocol/status/1654145762261966848?s=20
๐Ÿ”ฎMay in Review: Significant growth for iBTC & iETH iAssets, and increased INDY governance participation!

โœจDeFi Metrics:
34.59M USD #TVL
18.39M USD iAsset MC - $iUSD, $iBTC, $iETH
1,666 CDPs
5.14M $INDY Circulating Supply
3M $INDY Staked (~58% of Circ Supply)

View graphic โฌ‡๏ธ
https://twitter.com/Indigo_protocol/status/1666475197770129408?s=20
โšก๏ธ Indigo Labs has open-sourced the Multi-DEX SDK, its 3rd completed Catalyst proposal! Codename "Dexter."

Dexter is a community-focused, customizable Typescript SDK for interacting with Cardano DEXs SundaeSwap, Minswap, MuesliSwap, WingRiders, and VyFi!

๐Ÿ”ฎRead more and check out the GitHub Repo in this thread: https://twitter.com/Indigo_protocol/status/1668284105220407305?s=20
๐Ÿ“ขImportant Announcement - LP Staking Changes๐Ÿ“ข
In line with the recently approved DAO proposal (https://app.indigoprotocol.io/governance/polls/19), LP Token Staking on the Indigo Protocol will undergo a significant process change with no change to rewards emissions rates.

Starting July 4th, LP Token Staking on Indigo Protocol will be moved to DEXs and INDY rewards will be provided to iAsset liquidity providers on DEXs. The Indigo Foundation, adhering to the community's direction, has agreements with WingRiders and Minswap to implement the Incentivized DEX Liquidity system.

In simple terms, the change means INDY rewards will be earned by adding iAssets as liquidity to ADA/iAsset pairs on the DEXs. iAsset LP Tokens from DEXs will no longer be stakeable in Indigo Protocol. This change results in iAssets acting more like other CNTs and receiving traditional LP Token Staking rewards on DEXs. Instead of INDY rewards being distributed to LP Token Stakers via the Indigo Protocol, they will be distributed through the WingRiders and Minswap DEXs.

๐ŸฅทFor WingRiders LP token stakers:
It is best to move LP tokens from Indigo to the WR farm between 2023 July 2nd 22:00 UTC (July 2, 2023 6:00 PM local) and 2023 July 4th 21:00 UTC (July 4, 2023 5:00 PM local).
It is important to make the move to the WR farm before the 421โ†’422 epoch transition, to be eligible for earning rewards during 422 which WR distributes during the first days of 423.

๐Ÿ˜ผFor Minswap LP token stakers:
It's best to move LP tokens from Indigo to the Minswap farm between 2023 July 2nd 22:00 UTC (July 2, 2023 6:00 PM local) and 2023 July 4th 8:00 UTC (July 4, 2023 4:00 AM local)

Grace period:
2023 July 2nd 21:46 UTC reward snapshot of LP tokens staked to Indigo will be extended to the next two days.
This means if you unstake LP tokens from Indigo at e.g. July 2nd 22:30 UTC (after the snapshot), you'll continue to receive INDY rewards for them for the last two Indigo reward snapshots (July 3rd, July 4th), as if they were still staked to Indigo.
Even if you already preemptively moved your LP tokens out of Indigo and into the Minswap and WingRiders farms.
This grace period exists to have a clear time window for transitioning to DEX farms without losing rewards.

Also:
INDY rewards for LP token staking will no longer be distributed through the Indigo Protocol web-app, instead they can be harvested from DEXs.
Last LP staking distribution on the Indigo Protocol web-app will happen at the usual time after the 421โ†’422 epoch switch, around July 4th 23:00 UTC.
๐Ÿ˜ผFor Minswap, rewards are continuous and can be harvested any time https://app.minswap.org/farm.
๐ŸฅทFor WingRiders, rewards are distributed once per epoch https://app.wingriders.com/farming/my-farms.
Indigo Monthly Report August.jpg
1.2 MB
July in review: Indigo Protocol TVL passes 125,000,000 ADA! ๐ŸŽ‰

๐ŸŒŸMetrics:
40.62M USD #TVL
19.93M USD iAsset MC - $iUSD, $iBTC, $iETH
1,804 CDPs
6.27M $INDY Circ. Supply
4M $INDY Staked (~63% of Circ. Supply)

Indigo has changed from using APR to using HRA (Historical Returns Annualized), first adopted by SundaeSwap. There has been no change to the calculation; we are just adopting a more accurate label.
๐ŸฆThe #DAO has never been stronger!

Indigo Protocol has over 4M $INDY staked in Governance from its DAO Members. With a current circulating supply of 6.34M, that's ~63% of $INDY staked! ๐Ÿง™โ€โ™‚๏ธ

With web app v2, see the historical amount staked for the protocol and your own wallet.๐Ÿ‘‡

https://twitter.com/Indigo_protocol/status/1689700656251113472?s=20
Indigo UI/UX v2 Update #1:

๐Ÿ”นFixed CDP liquidation price displaying wrong decimals for iBTC

๐Ÿ”นFixed CDP mint form defaulting to max mint when manually adjusting the CR

๐Ÿ”นAdded CDP liquidation price on the CDPs page for a user's own CDPs & All CDPs

๐Ÿ”นTabs on the CDPs page are now pre-loaded so users aren't stuck loading when clicking the tab

๐Ÿ”นMany contrast & styling fixes around field buttons for mobile/smaller screens

๐Ÿ”นAdded the "Subtract Debt" toggle on the portfolio page to subtract a user's open CDP debt from their total portfolio value

๐Ÿ”นSwitched APR to HRA

๐Ÿ”นRewards table header changed from "Expired At" to "Expires At"

๐Ÿ”นFixed stake after claim modal to display correctly after claiming INDY rewards

๐Ÿ”นAdded a scrollbar to tables when on a smaller screen to make it obvious that a user can scroll to see more content

๐Ÿ”นSubstantially improved load time for pools on the DEX aggregator

๐Ÿ”นFixed iAsset balance not displaying correctly on swap fields
Indigo has added another option to its mobile compatible wallet suite. VESPR is now live and fully integrated with the Indigo web app! ๐Ÿ”ฅ

https://twitter.com/Indigo_protocol/status/1697384750279745872?t=LvJDsyUIucicFc-eEEFUDA&s=19
August in review: Indigo Protocol Web App v2 is released ๐ŸŒŒ

๐ŸŒŸMetrics:
35.87M USD #TVL
18.64M USD iAsset MC - $iUSD, $iBTC, $iETH
1,899 CDPs
6.85M $INDY Circ. Supply
4.3M $INDY Staked (~63% of Circ. Supply)

Indigo recognizes HRA (Historical Returns Annualized), as a more appropriate term for protocol returns compared to "APR."
https://twitter.com/Indigo_protocol/status/1699442393034973349?s=20