Indigo Protocol iBTC (IBTC)
Indigo Protocol iBTC (IBTC)
102404 5.72 %
Rank # 500+ Watchlist
Low High
24H Range
Market Cap
24 Hour Trading Vol
Fully Diluted Valuation 906.03 B
Circulating 0.00
Total Supply 0.00
Max Supply 0.00
  • Ethereum cardano-f66d78b4a3cb3d37afa0ec36461e51ecbde00f26c8f0a68f94b6988069425443
  Week Month Year All Time
High

11-12-2024

102404
0.00%

11-12-2024

102404
0.00%

31-08-2024

115419
-11.28%

03-12-2024

₹5,730,800.59
-11.54%
Low

18-09-2024

54559.903146743
87.69%

04-09-2024

50221.848852717
103.90%

26-01-2024

37763.816258954
171.17%

10-06-2023

₹5,628.29
435.11%

IBTC News (Ibtc News)

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

IBTC Chart (Ibtc Chart)

IBTC Price USD (Ibtc Price USD)

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
IBTC Price History (Ibtc Price History)
Price Market Cap Volume Date
Coin Indigo Protocol iBTC
Comments
IBTC Price Today (Ibtc Price Today)
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. Also read: Honor World Token Hwt Price USD
Frequently Asked Questions (Crypto FAQs)
The current price of Indigo Protocol iBTC (IBTC) is USD 102404
24 Hours, High Price of Indigo Protocol iBTC (IBTC) is USD 102100 and Low price of Indigo Protocol iBTC (IBTC) is USD 89732
The total supply of Indigo Protocol iBTC (IBTC) is and Circulating supply of Indigo Protocol iBTC (IBTC) is 0.00
The trading volume of Indigo Protocol iBTC (IBTC) is In the last 24 hours