> For the complete documentation index, see [llms.txt](https://docs.indigoprotocol.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.indigoprotocol.io/readme/iassets.md).

# iAssets

## **Overview 🌐**

#### Defining iAssets

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 price oracles (migrated to Pyth in [Indigo Protocol V3](/readme/indigo-protocol-v3.md)), not requiring a bridge to deposit on another chain. These prices are used for liquidations, redemption, and interest settlements.

## **Available iAssets**

* 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 followed after DAO approval, providing exposure to Ethereum's price dynamics within the Cardano ecosystem.
* With Indigo V3 and the Indigo Limitless rollout, additional iAssets such as iJPY and iEUR are being introduced through DAO governance, alongside expanded collateral markets and PSM pools.

## **Minting iAssets**

iAssets can be minted by:

1. Opening a CDP with ADA or a whitelisted CNT as collateral
2. Swapping through a Peg Stabilization Module (PSM) using paired stable-value assets (e.g., USDCx → iUSD)
3. Trading on the Indigo OrderBook or DEXs

Each iAsset can be backed by multiple collateral types. Each iAsset/collateral pair has its own loan parameters (LR, MR, RMR), interest rate oracle, price oracle, and minimum collateral amount.

## **Creating New iAssets 🛠️**

#### Asset Potential

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.

#### DAO Member Responsibility

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.

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