About Indigo

What is Indigo?

Indigo is a decentralized non-custodial synthetic assets protocol built for Cardano. Using smart contracts, Indigo allows users to create fully collateralized synthetic assets known within the protocol as iAssets.
Please join the Indigo community Discord server to learn and be part of the community. Our team and community managers are look forward to helping you understand and use Indigo.

Why Cardano?

Given that the Indigo Protocol has been built 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 requirements to fulfill Indigo’s mission.

What are iAssets?


Indigo creates synthetic assets which are known in the protocol as iAssets (i.e., “Indigo Assets”). iAssets are cryptocurrency assets that derive their prices from tracked assets.
iAssets are not wrapped assets (e.g., an asset linked by a bridge to a deposit made on another chain); instead, iAssets use a price Oracle to track the price of the underlying asset.
One example of an iAsset is iBTC, representing a synthetic version of Bitcoin (BTC); it is designed to mimic the price action of BTC – an asset that lives in an ecosystem outside of Cardano.

What iAssets are currently available?

At launch, iBTC and iUSD will be available for minting on Indigo.

What kind of assets can be turned into iAssets?

Anything that has a real world price can be turned into an iAsset. Adding more iAssets is the responsibility of DAO Members, therefore if you would like to propose the creation of new iAssets, head over to our Governance Forum and start a temperature check!

How do I interact with Indigo?

To interact with the Indigo Protocol, you simply need to:
  1. 1.
    Select the iAsset you wish to mint.
  2. 2.
    Deposit an amount of ADA as collateral
  3. 3.
    Choose a collateral ratio (this will impact the amount of iAssets you are able to mint).
The protocol will then open a CDP and mint the required amount of iAssets and distribute it to your wallet directly. You are then free to use the iAssets as you see fit.
To participate in the governance of Indigo and have a say in its evolution, head on over to our Governance Forum!