Indigo
CDP
Indigo is a decentralized non-custodial synthetic assets protocol built for Cardano.
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Indigo?
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InvestInformation
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: INDY
- Tags: CDP
Key Metrics
- TVL: $44.1M (Rank #126)
- TVL Ranking by CDP: #8
- Blockchain: Cardano
- Chain TVL
- Cardano: $44.07M
Risk Assessment
Watch Out
Protocol Code Quality
- Code not reviewed by any experienced auditors
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2024; maturity over six months reduces technical risk as smart contracts are moderately battle-tested
- Top 20% by total value locked slightly reduces risk
- Requires members of a DAO to vote on-chain for approving contract upgrades
- Timelock is less than 48hrs, which provides users with less time to exit if any malicious upgrades are approved
- Low voting power concentration reduces risk
Protocol Design
- No controls in place to prevent oracle price manipulation
- Solid mechanisms in place to ensure healthy liquidations
Things to know about Indigo
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