π² iAssets
Last updated
Last updated
iAssets, or "Indigo Assets," are synthetic assets created within the Indigo Protocol. Unlike wrapped assets, Protocol prices for iAssets are derived from tracked assets using a price Oracle, not requiring a bridge to deposit on another chain. These prices are used for liquidations, redemption, and interest settlements.
Upon launch, iBTC and iUSD were available for minting within the Indigo Protocol, offering users immediate access to synthetic versions of Bitcoin and a USD-pegged stablecoin. iETH came just a couple of months later after being approved by the DAO, providing exposure to Ethereum's price dynamics within the Cardano ecosystem.
Any asset with a real-world price can be transformed into an iAsset with the Indigo Protocol so long as there is a viable price feed for the proposed iAsset.
The addition of new iAssets is overseen by DAO Members. If you wish to propose new iAssets, visit our Governance Forum to initiate a temperature check and engage in the discussion.