- 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 capitalefficient 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 overcollateralization. - If the value of a users 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..
Summary of the coin Indigo Protocol iETH
highest price statistics: 3,535.63 $USD
0 people have expressed their feelings
Like, love, care, laugh, wow, beard, angry
Study the exchange market information. Indigo Protocol iETH
{"commentics_url":"\/\/titdoi.com\/commentics\/comments\/","page_id":4577671,"enabled_country":false,"country_id":0,"enabled_state":false,"state_id":0,"enabled_upload":false,"maximum_upload_amount":3,"maximum_upload_size":5,"maximum_upload_total":5,"securimage":true,"securimage_url":"\/\/titdoi.com\/commentics\/comments\/3rdparty\/securimage\/securimage_show.php?namespace=cmtx_4577671","cmtx_wait_for_comment":"cmtx_wait_for_comment","lang_error_file_num":"A maximum of %d files are allowed to be uploaded","lang_error_file_size":"Please upload files no bigger than %.1f MB in size","lang_error_file_total":"The total size of all files must be less than %.1f MB","lang_error_file_type":"Only image file types are allowed to be uploaded","lang_text_loading":"'Loading","lang_placeholder_country":"Country","lang_placeholder_state":"State","lang_text_country_first":"Please select a country first","lang_button_submit":"add comment","lang_button_preview":"Preview","lang_button_remove":"delete","lang_button_processing":"please wait a moment..."}
Clicking Accept All Cookies By signing up, you agree to storing cookies on your device to improve site navigation. Analyze site usage and assist in our marketing
comment
comment