Indigo Protocol
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Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano.
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🔮May in Review: Significant growth for iBTC & iETH iAssets, and increased INDY governance participation!

✨DeFi Metrics:
34.59M USD #TVL
18.39M USD iAsset MC - $iUSD, $iBTC, $iETH
1,666 CDPs
5.14M $INDY Circulating Supply
3M $INDY Staked (~58% of Circ Supply)

View graphic ⬇️
https://twitter.com/Indigo_protocol/status/1666475197770129408?s=20
Indigo Monthly Report August.jpg
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July in review: Indigo Protocol TVL passes 125,000,000 ADA! 🎉

🌟Metrics:
40.62M USD #TVL
19.93M USD iAsset MC - $iUSD, $iBTC, $iETH
1,804 CDPs
6.27M $INDY Circ. Supply
4M $INDY Staked (~63% of Circ. Supply)

Indigo has changed from using APR to using HRA (Historical Returns Annualized), first adopted by SundaeSwap. There has been no change to the calculation; we are just adopting a more accurate label.
August in review: Indigo Protocol Web App v2 is released 🌌

🌟Metrics:
35.87M USD #TVL
18.64M USD iAsset MC - $iUSD, $iBTC, $iETH
1,899 CDPs
6.85M $INDY Circ. Supply
4.3M $INDY Staked (~63% of Circ. Supply)

Indigo recognizes HRA (Historical Returns Annualized), as a more appropriate term for protocol returns compared to "APR."
https://twitter.com/Indigo_protocol/status/1699442393034973349?s=20