About Indigo Protocol iETH
iETH is synthetic 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 brings capital-efficient synthetic assets to the Cardano ecosystem. Users can purchase iETH from a DEX just like any Cardano native asset, or can mint iETH within the Indigo Protocol by depositing ADA as collateral. When users mint iETH 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 iETH position above the MCR. If a user’s collateral becomes worth less than the MCR of their iETH debt, the Indigo Stability Pool providers will allow the user to keep their iETH but will exchange Stability Pool iETH for the user’s higher value ADA collateral. Thereby ensuring that iETH 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 iETH in trading strategies. The Indigo DAO controls the iETH parameters and can therefore vote to raise or lower the Minimum Collateralization Ratio for iETH 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
425 IETH
Diluted Valuation
$697,954.00
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$1,865.82
0.23%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$1,677.23
Overall Price Change (1Y)
-0.38%
Additional info about Indigo Protocol iETH
Recent trends
The price of Indigo Protocol iETH has increased by 0.58% in the last hour and decreased by 1.70% in the past 24 hours. Indigo Protocol iETH’s price has also fallen by 9.01% in the past week. The current price is $1,642.40 per IETH with a 24-hour trading volume of $1.87K. Currently, Indigo Protocol iETH is valued at 2.08% below its all time high of $1,677.23. This all-time high was the highest price paid for Indigo Protocol iETH since its launch. The current circulating supply of Indigo Protocol iETH is 0 IETH which means that Indigo Protocol iETH has as total market cap of $0.00.
Market details
IETH vs markets
↘ 44.12%
IETH vs BTC
↘ 51.13%
IETH vs ETH
↗ 24.46%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
ADA | f66d78b4a3cb3d37afa0ec36461e51ecbde00f26c8f0a68f94b6988069455448 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1,642.40 | ↘ 1.70% |
1 Day | $1,670.56 | ↘ 1.70% |
1 Week | $1,804.68 | ↘ 9.01% |
1 Month | $1,855.28 | ↘ 11.49% |
1 Year | $2,632.21 | ↘ 37.62% |
FAQ
We update our Indigo Protocol iETH to USD currency in real-time. Get the live price of Indigo Protocol iETH on Coinbase.
The current market cap of Indigo Protocol iETH is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Indigo Protocol iETH is $1,677.23. This all-time high is highest price paid for Indigo Protocol iETH since it was launched.
Over the last 24 hours, the trading volume of Indigo Protocol iETH is $1.87K.
Assets that have a similar market cap to Indigo Protocol iETH include Aave v3 ARB, Ares3 Network, ARYZE eUSD, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Indigo Protocol iETH 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.
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