Indigo Protocol iETHIETH
Convert IETH to your currency
Last Updated on Oct 02, 2025 08:11 AM
What is Indigo Protocol iETH?
About the coin
iETH is a synthetic version of Ether and was the first new iAsset whitelisted by the Indigo DAO for the Indigo Protocol. The Indigo Protocol is a CDP (Collateralized Debt Position) based DeFi protocol that introduces capital-efficient synthetic assets to the Cardano ecosystem. Users can acquire iETH from a decentralized exchange (DEX) like any Cardano native asset or mint iETH within the Indigo Protocol by depositing ADA as collateral.
Main features
When users mint iETH within the Indigo Protocol, they must deposit sufficient ADA to ensure their CDP remains above the applicable Minimum Collateralization Ratio (MCR). This means users deposit collateral in the form of ADA to ensure over-collateralization. If the value of a user's ADA collateral decreases toward the MCR, they can add more collateral to maintain their iETH position above the MCR. If a user’s collateral falls below the MCR of their iETH debt, the Indigo Stability Pool providers allow the user to keep their iETH but exchange Stability Pool iETH for the user’s higher value ADA collateral. This process ensures that iETH remains overcollateralized and that the Indigo Protocol remains solvent through its efficient liquidation process.
How it works
Unique to Indigo, users continue to receive their ADA staking rewards from stake pool delegation while ADA is used as collateral in a CDP. This CDP Liquid Staking feature offers a unique use case for iETH in trading strategies. The Indigo DAO controls the iETH parameters and can vote to adjust the Minimum Collateralization Ratio for iETH and all Indigo iAssets.
Wallet for Indigo Protocol iETH
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Tangem supports networks for Indigo Protocol iETH
- Cardano
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Indigo Protocol iETH FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
How to secure Indigo Protocol iETH with Tangem Wallet?
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