Indigo Protocol - iUSD. Price of cryptocurrency: $ 0.80992806

There are people in this picture The Indigo Protocol brings capital-efficient synthetic assets to the Cardano community. There are people in this picture When users mint iUSD within the Indigo Protocol, they need to deposit ADA to ensure over-collateralization. If the value of a user's ADA collateral begins to decrease, a user can choose to add more collateral to keep their iUSD position above the MCR. The Indigo Stability Pool providers will allow the user to keep their iUSD but will exchange it for the user's higher value ADA collateral. There are people in this picture Users still receive ADA staking rewards from stake pool delegation while ADA is being used as collateral in a CDP. There are people in this picture The Minimum Collateralization Ratio for iUSD and all Indigo iAssets can be raised or decreased by the Indigo DAO.