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
Circ. Supply
Not enough data
Max Supply
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Total Supply
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Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
ARS 2.64M
21.78%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
ARS 156.40M
Price Change (1Y)
59.59%
Additional info about Indigo Protocol - iBTC
Recent trends
The latest IBTC price is ARS 121,523,849.19. Compared to Indigo Protocol - iBTC's value of ARS 120,728,881.41 from 24 hours ago, there's been a 1% increase, while the current price is -3% down from ARS 122,481,462.79 which was recorded one week ago. Indigo Protocol - iBTC's all time high is ARS 156,399,424.24, which was reached on August 30, 2024. This is a -22% change from its price today.
Market details
IBTC vs markets
↗ 14.42%
IBTC vs BTC
↗ 0.53%
IBTC vs ETH
↗ 127.11%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
ADA | f66d78b4a3cb3d37afa0ec36461e51ecbde00f26c8f0a68f94b6988069425443 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 121,523,849.19 | ↗ 0.66% |
1 Day | ARS 120,728,881.41 | ↗ 0.66% |
1 Week | ARS 122,481,462.79 | ↘ 2.88% |
1 Month | ARS 113,685,605.16 | ↗ 4.63% |
1 Year | ARS 62,256,744.10 | ↗ 59.59% |
FAQ
We update our Indigo Protocol - iBTC to ARS currency in real-time. Get the live price of Indigo Protocol - iBTC on Coinbase.
The current market cap of Indigo Protocol - iBTC is ARS 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 ARS 156,399,424.24. 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 ARS 2.64M.
Assets that have a similar market cap to Indigo Protocol - iBTC include Navigator Exchange, Gobi Labs, Moonsama, 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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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Indigo Protocol - iBTC calculator
1 Indigo Protocol - iBTC (IBTC) to Japanese Yen (JPY)
¥14,841,185.88
1 Indigo Protocol - iBTC (IBTC) to Real (BRL)
R$571,141.45
1 Indigo Protocol - iBTC (IBTC) to Nigerian Naira (NGN)
NGN 158,933,970.63
1 Indigo Protocol - iBTC (IBTC) to South Korean Won (KRW)
₩140,710,617.62
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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.
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