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Indigo Protocol

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Tokenomic Summary

$INDY

*Months before ~50% of tokens become liquid

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Project Description

Indigo is a decentralized synthetics protocol for on-chain exposure to assets with publicly verifiable prices. Using Cardano Plutus smart contracts, the protocol enables the creation of iAssets. Prices of iAssets are soft pegged to external tracked assets; iAssets are overcollateralized in the form of a decentralized Collateralized Debt Position (“CDP”). The protocol enforces liquidations to ensure iAssets always maintain overcollateralization, meaning the value of the collateral in the CDP exceeds the intended value of the iAsset. In the event of a CDP becoming undercollateralized, a liquidation reestablishes overcollateralization by confiscating the collateral of the undercollateralized CDP and replacing it with another user’s overcollateralized CDP.

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