Santa put iETH under the tree this year! 🎄

The DAO proposal to bring iETH to Indigo is LIVE! If passed, ETH exposure will come to the Cardano ecosystem for the first time.

Vote on this proposal between 12/19 & 12/24 in the Indigo web-app: https://app.indigoprotocol.io/governance

Like and Retweet: https://twitter.com/Indigo_protocol/status/1604960298775052288?s=20&t=QyjpPHEh2K3uZiooLe3kbg

The Indigo DAO has whitelisted $iETH, the first new iAsset since Indigo Protocol's v1 launch! ⚡

Users can now mint $iETH in https://app.indigoprotocol.io/ and trade $iETH on Cardano DEXs soon.

Like & retweet: https://twitter.com/Indigo_protocol/status/1611156445810262016?t=9Tl9hFWP7PBWZZq_XWSG9Q&s=19

📢 Announcement: The Indigo DAO has approved the proposal to increase the Minimum Collateral Ratio (MCR) for iUSD from 110% -> 120% which will take place on Jan 21st, 18:00 UTC.

Users that have minted iUSD should evaluate their positions and consider if their current CR is still appropriate.

Incoming feature addition to Indigo Protocol, the DEX Aggregator! 👀

Catch a sneak peek below ⬇️
https://twitter.com/Indigo_protocol/status/1616472849186967552?s=20

REMINDER: 18 hours until the $iUSD MCR increase.
On Jan 16th, the Indigo DAO approved the proposal to increase the MCR for $iUSD from 110% -> 120% effective Jan 21st, 18:00 UTC.

The five-day grace period for users to evaluate their $iUSD CDPs has almost ended. As of this message, no $iUSD CDPs are under 120% collateral ratio.

The Indigo DAO proposal to whitelist iETH/ADA LP Tokens in Indigo has passed.⚡️

iETH/ADA LP Tokens received from providing liquidity on Minswap can now be staked at https://app.indigoprotocol.io/trading/liquidity-pools to earn additional INDY rewards!

Article Release!
⚡️Additional yield stream with Indigo CDP Liquid Staking.

Simultaneously:
1. Keep your ADA at work for Cardano
2. Earn ADA staking rewards in your wallet
3. Support SPOs & decentralization
4. Use your ADA in Indigo & DeFi 🔮

Read and share:
https://twitter.com/Indigo_protocol/status/1620855696983207937?s=20&t=IqKkpSc4P9cyVxL9_zq7Gg

⚡️January Month in Review:

Indigo kicks off 2023 with continued protocol growth and the addition of iETH!

14.37M TVL
6.38M USD iAsset MC
935 CDPs
3.01M $INDY

⬇️ View January Report
https://twitter.com/Indigo_protocol/status/1622657275000156163?s=20&t=fuSTPcWYb9n_8XKYgAbB3g

The Indigo DEX Aggregator is here!
https://app.indigoprotocol.io/trading/swap

Users can now trade iAssets and $INDY across all major Cardano DEXs from within the Indigo web app.

https://twitter.com/Indigo_protocol/status/1623423550467067912?s=20&t=8AhS5MavQMTvI5H6yfCW2A

🥳 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! 🔥

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 ⚡️

🧠 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

Dive into part 2 of our 3-week series on iUSD, Indigo's Cardano-based and overcollateralized stablecoin!

🌊 Learn about iUSD's Stability Pools and efficient liquidation system which ensures stability amidst volatile markets.

Read, Like, and RT: https://twitter.com/Indigo_protocol/status/1641470158244855810?s=20

https://t.co/C5JdxX2Kj5

🔮 Attention Indigo DAO! It's time to cast your $INDY in the vote to ratify the 5 selected nominees for the Protocol Advisor Working Group.

The PWG will be authorized by the DAO to focus on suggested improvements to the protocol.

🏛 Vote:
https://app.indigoprotocol.io/governance/polls/16

https://twitter.com/Indigo_protocol/status/1641583034435510273?t=fuBnAPQe8cHimEyd5VoJEA&s=19

⚡️Presenting Part 3 of our iUSD series: Acquiring iUSD, CDP Liquid Staking, & Real-World Utility!

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

🔮Read, Like, and RT: https://twitter.com/Indigo_protocol/status/1644010839739867137?s=20

https://t.co/Wmc2OnQfOb

🔮 March in review: Indigo continues to break new ground, with the community right by its side.

Metrics:
24.75M USD TVL
11.57M USD iAsset MC - $iUSD, $iBTC, $iETH
1,106 CDPs
4.09M $INDY in Circulating Supply
2.1M $INDY Staked (51% of Circ Supply)

https://twitter.com/Indigo_protocol/status/1644358438208561154?s=20

🔮April 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

🔮May in Review: Significant growth for iBTC & iETH iAssets, and increased INDY governance participation!

✨DeFi 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 ⬇️
https://twitter.com/Indigo_protocol/status/1666475197770129408?s=20

⚡️ 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!

🔮Read more and check out the GitHub Repo in this thread: https://twitter.com/Indigo_protocol/status/1668284105220407305?s=20

🔥 Gear up for tomorrow's #Cardano DeFi discussion!

Join A-list guests @bigpeyYT, @cryptorecruitr, @ikigai_phil, @cwpaulm, @Quantumplation, @methe_phil & Indigo Labs' CEO @ecatxvc


🥇 Hosted by the trio @redvelvetzip, @RichardMcCrackn & @technologypoet

Set Reminder and share: https://twitter.com/Indigo_protocol/status/1668655128025464837?s=20

🔥Introducing the Indigo Protocol Portfolio Page coming soon in Web-App v2!

View:
⚬ Total portfolio value
⚬ Staked $INDY
⚬ CDP collateral & debt
⚬ Stability Pool deposits
⚬ Claimable rewards & rewards history
all in one place.

Constantly improving.💪

https://twitter.com/Indigo_protocol/status/1673732622944444416?s=20

📢Important Announcement - LP Staking Changes📢
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.

🥷For 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 421→422 epoch transition, to be eligible for earning rewards during 422 which WR distributes during the first days of 423.

😼For 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 421→422 epoch switch, around July 4th 23:00 UTC.
😼For Minswap, rewards are continuous and can be harvested any time https://app.minswap.org/farm.
🥷For WingRiders, rewards are distributed once per epoch https://app.wingriders.com/farming/my-farms.