About 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.
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Market Stats
Market Cap
Not enough data
FDV
Not enough data
Circulating Supply
Not enough data
Max Supply
Not enough data
Total Supply
Not enough data
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$105,154.02
8.95%
Volume (7D)
$709,574.45
Volume (30D)
$2,941,228.27
All time high
$132,541.88
Overall Price Change (1Y)
0.37%
Additional info about Indigo Protocol - iBTC
Recent trends
The price of Indigo Protocol - iBTC has decreased by 8.53% in the last hour and decreased by 9.35% in the past 24 hours. Indigo Protocol - iBTC’s price has also risen by 2.10% in the past week. The current price is $62,456.61 per IBTC with a 24-hour trading volume of $105.15K. Currently, Indigo Protocol - iBTC is valued at 52.88% below its all time high of $132,541.88. This all-time high was the highest price paid for Indigo Protocol - iBTC since its launch. The current circulating supply of Indigo Protocol - iBTC is 0 IBTC which means that Indigo Protocol - iBTC has as total market cap of $0.00.
Market details
IBTC vs markets
↗ 17.51%
IBTC vs BTC
↗ 0.45%
IBTC vs ETH
↗ 158.08%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
ADA | f66d78b4a3cb3d37afa0ec36461e51ecbde00f26c8f0a68f94b6988069425443 |
Price history
Time | Price | Change |
|---|---|---|
Today | $62,456.61 | ↘ 9.35% |
1 Day | $86,050.27 | ↘ 9.35% |
1 Week | $76,394.24 | ↗ 2.10% |
1 Month | $85,730.58 | ↘ 9.01% |
1 Year | $56,830.32 | ↗ 37.25% |
FAQ
We update our Indigo Protocol - iBTC to USD currency in real-time. Get the live price of Indigo Protocol - iBTC on Coinbase.
The current market cap of Indigo Protocol - iBTC is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Indigo Protocol - iBTC is $132,541.88. This all-time high is highest price paid for Indigo Protocol - iBTC since it was launched.
Over the last 24 hours, the trading volume of Indigo Protocol - iBTC is $105.15K.
Assets that have a similar market cap to Indigo Protocol - iBTC include VLaunch, Aura, Zephyr Protocol, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Indigo Protocol - iBTC is 0.
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Indigo Protocol - iBTC calculator
1 Indigo Protocol - iBTC (IBTC) to Real (BRL)
R$367,702.59
1 Indigo Protocol - iBTC (IBTC) to Nigerian Naira (NGN)
NGN 100,208,515.44
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.