Oct₳Funk

$USDCx is coming to Cardano! Here is how Indigo will use it with the upcoming release of the Peg Stability Module in V3. 🧵👇

The iusd/usdt farm on @MinswapDEX is a live! Bridge $usdt through @wanchain_org and put your capital to work 💪

Dawg Nation, it’s Gameday‼️ #GoDawgs

Indigo is about to unlock an entirely new on-chain use case. Introducing Limited Redemption Positions (LRPs) — a modular, slippage-free, interest-free way to deploy ADA into iAssets at your price. ✅️ Set a target ✅️ Lock ADA ✅️ Get filled when the market hits No CDP.

The time has come. We’re excited to announce Bodega V3 tradable shares is now live on Cardano mainnet. Link: 🎯 v3.bodegamarket.io

Strong convictions on this one. Ready for v3 mainnet dropping tomorrow.

Fully automated CDP management—executed on-chain, with your keys, your control. This is Indigo Autopilot: 🔹 Strategy-based execution 🔹 Locally hosted 🔹 No key custody Smart position management and automation is being built for everyone! 🟣

@KoreaPool_KOR @Jane14457995 @Cryptofly777 @nimuepool Larger pool ≠ better

@Jane14457995 @Cryptofly777 @nimuepool One stable coin to create a larger liquidity pool would be advantageous in my opinion. 1. Centralized exchanges often evaluate TVL and transaction volume of a single token for listing 2. Larger liquidity pool creates smaller slippage for a DeFi swap

This is what I believe Cardano needs. If we don’t act, we don’t move forward. Huge thanks to everyone who’s reached out with insights and honest feedback. We’ve been heads down bringing those voices in to help make this proposal a success.

RT @JoeRoulston: With plenty of discussion at the moment around stable coins , @Indigo_protocol is looking primed to out preform the market…

@blockchainchick Let's stop being polite. The timing is full retard. BTC is at the top of a 5 wave move up, showing massive negative divergence on RSI with an Altcoin seazn loading. Trade ADA for BTC and stables now?

@KirbySmartUGA In Kirby we trust

Go Dawgs !!

@CardanoSaint I don't understand the constant push for usdm when $iusd is equally a good choice. The ada doesn't even need to be sold. It can be supplied to a CDP and remain in the treasury wallet, and the treasury can mint more while ada appreciates in value.

If it has to be $100M into stables? Why only $USDM? Why not split it into $USDM and $USDA or even $DJED? #Cardano #Defi

This seems to be what people have forgotten about Indigo and how CDPs work. Supplied ada is retained by the wallet owner. Its non-custodial and is still yours! Meaning that the treasury would still own this $100 mio in ada.

USDM (Buy-backed) You sell ADA to get USDM (or swap something else, but let's say ADA). That means immediate sell pressure on ADA. You're now holding USDM, which may be 1:1-ish with the USD, but you've exited ADA exposure.

Thanks to @Indigo_protocol recent governance proposal app.indigoprotocol.io/governance/pol… Interest rates on $iusd were capped to 25%. This dynamic shift moved $iusd interest on CDPs to 12.5%!

First to bat is @gcarrharris ! A Cardano enthusiast since 2019 and involved with many projects such as @SummonPlatform and @SCATDAO . He spends time researching, auditing and market making 🧐 and has studied defi on multiple chains ⛓️

Last but not least is @OctaFunk Having been involved with Cardano for many years, and as the degen of the group, he once held the record for the largest position liquidated on Indigo. He's usually the most vocal of the group and can be found in the most obscure of discords.

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@OzDefi @Catskycrypto @MinswapDEX @themchosky @pixel_topcat @ranaklos @CyptoPadawan How does a dex attract liquidity without a token?

@Catskycrypto @MinswapDEX @themchosky @pixel_topcat @ranaklos @CyptoPadawan Tokenomics set up incorrectly from the beginning. Look at something like $STRIKE and you will see the difference. 100% revenue share, and a no emmision token.

The sell off of Cardano’s main DEX, @MinswapDEX is mildly concerning The majority of swaps of Cardano native tokens go through Minswap With increased interest in $ADA and the recent push to remove regulations on DeFi, why is $MIN underperforming ADA by such a large margin? Any thoughts @goofy_crisp , @CardanoRami @RonSwanson1984 @MinswapDEX @IOHK_Charles ?