Indigo Protocol iBTC (IBTC)
IBTC

IBTC Indigo Protocol iBTC

Price of 1 Indigo Protocol iBTC today (5 November)
$ 68,775
2.26%
Price Min/Max
24 hrs
$ 66.18k
$ 69.69k
30 days
$ 54.11k
$ 75.78k
1 year
$ 33.16k
$ 98.71k
Market Cap
#5196
Trading Volume, 24h
$ 35,351
+624.58%
Supply token

Price of Indigo Protocol iBTC (IBTC)

Today Indigo Protocol iBTC (IBTC) not traded anywhere. During the week, the minimum price for Indigo Protocol iBTC (IBTC) is fixed on Sunday at 67,146 dollars. Currently, the token Indigo Protocol iBTC is trading in the range of 68,775 dollars or 6,809,405.94 rubles for 1 IBTC.

Exchanges where IBTC is traded

No data

Calculator IBTC

IBTC
USDT

1 IBTC = 68,775 USD

What is Indigo Protocol iBTC?

iBTC is synthetic Bitcoin released in November of 2022 as part of Indigo Protocol v1. The Indigo Protocol is a CDP (Collateralized Debt Position) based DeFi protocol that brings capital-efficient synthetic assets to the Cardano ecosystem. Users can purchase iBTC from a DEX just like any Cardano native asset, or can mint iBTC within the Indigo Protocol by depositing ADA as collateral.

When users mint iBTC 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 over-collateralization. If the value of a user's ADA collateral begins to decrease toward the MCR, a user can choose to add more collateral to keep their iBTC position above the MCR. If a user’s collateral becomes worth less than the MCR of their iBTC debt, the Indigo Stability Pool providers will allow the user to keep their iBTC but will exchange Stability Pool iBTC for the user’s higher value ADA collateral. Thereby ensuring that iBTC 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 iBTC in trading strategies.

The Indigo DAO controls the iBTC parameters and can therefore vote to raise or lower the Minimum Collateralization Ratio for iBTC and all Indigo iAssets.

How to add Indigo Protocol iBTC to Metamask?

To add IBTC to the metamask you need:

  1. In the wallet select the desired network and then in the cryptocurrencies section scroll to the bottom - click "Import tokens".
  2. Copy the smart contract address for Indigo Protocol iBTC from the list below.
  3. Paste into the "Smart Contract Address" field.
  4. Click the "Add Custom Token" button.

The IBTC is available on the 1 blockchain networks. Below is a list of Indigo Protocol iBTC smartcontract addresses to add to the metamask:

  • Cardano - f66d78b4a3cb3d37afa0ec36461e51ecbde00f26c8f0a68f94b6988069425443

Official websites and links for Indigo Protocol iBTC

There are currently about 4 official links to Indigo Protocol iBTC websites and social media:

Similar Cryptocurrencies

WBTC yVault
$69,626
9.89%
Curve.fi renBTC/wBTC/sBTC
$69,646
9.69%
Bridged Wrapped Bitcoin (Stargate)
$69,740
12.18%
goBTC
$68,570
10.01%
IdleWBTC (Best Yield)
$68,448
9.82%
ioWBTC
$67,117
9.19%
OEC BTC
$68,233
9.37%
Bridged Wrapped Bitcoin (Hashport)
$67,903
10.96%
Wrapped Bitcoin-Stacks
$68,224
9.01%