iETH is synthetic Ether and was the first new iAsset whitelisted by the Indigo DAO for the Indigo Protocol. The Indigo Protocol is a CDP (Collateralized Debt Position) based DeFi protocol that brings capital-efficient synthetic assets to the Cardano ecosystem. Users can purchase iETH from a DEX just like any Cardano native asset, or can mint iETH within the Indigo Protocol by depositing ADA as collateral.

When users mint iETH within the Indigo Protocol, they must deposit sufficient ADA such that their CDP remains above the applicable Minimum Collateralization Ratio (MCR) - meaning a user deposits collateral in the form of ADA that ensures over-collateralization. If the value of a user's ADA collateral begins to decrease toward the MCR, a user can choose to add more collateral to keep their iETH position above the MCR. If a user’s collateral becomes worth less than the MCR of their iETH debt, the Indigo Stability Pool providers will allow the user to keep their iETH but will exchange Stability Pool iETH for the user’s higher value ADA collateral. Thereby ensuring that iETH remains overcollateralized and that the Indigo Protocol remains solvent via its efficient liquidation process.

Unique to Indigo, users still receive their ADA staking rewards from stake pool delegation while ADA is being used as collateral in a CDP. This CDP Liquid Staking feature presents a unique use case for iETH in trading strategies.

The Indigo DAO controls the iETH parameters and can therefore vote to raise or lower the Minimum Collateralization Ratio for iETH and all Indigo iAssets.

Indigo Protocol

Daedalus

Lace

Notcoin

Super Trump

DOG•GO•TO•THE•MOON

cat in a dogs world

Pepe

BEERCOIN

Niza Global

Minu

Bitcoin

NvirWorld

JasmyCoin

Ethereum

Shiba Inu

Solana

Turbo

GUMMY

Param

Brett

Script Network

MAGA

Toncoin

Big Time - CDP LHS1 (Desktop Only) 2024

Bullish CDP LHS1 May Campaign

Bc.game CDP LHS1 Banner

Big Time - CDP LHS2 (Desktop Only) 2024

Uphold CDP LHS2 May campaign

BitGet CDP LHS2 May campaign

Bc.game Search bar banner

ChainGPT CDP Community

Solidus Ai Tech - Portfolio Page

Bc.game Dexscan Banner

KuCoin India Homepage campaign

KillerWhales homepage 24May

Greed

Extreme fear

Fear

Neutral

Extreme greed

 🔥 Memes

 🔥 Solana Ecosystem

 🔥 Gaming

 🔥 AI

Цена Indigo Protocol
IETH

Indigo Protocol community

Indigo Protocol новости

О Indigo Protocol

Самые посещаемые криптовалюты

В тренде