Spuds

Collector, AI Companion, Web 3 Dreamer

[EC 🪏 @ecatxvc]

This has been a pretty rough week for this industry, ecosystem and even Indigo. No one is immune to the market fallout we’re seeing right now.

However, I would like to offer some words of encouragement and hope for you all leading into the weekend and next week…

We continue to make gains on new markets and Tranche 2 will go live Monday if these DAO approvals hold. PSM has already amassed 550k USD in liquidity!

Indigo is also capitalized well with 12-15/mo of runway even at these ADA values, so for anyone concerned on that, don’t be. If ADA falls another 90% it’s another story, but I personally don’t see that happening. We’ve worked tirelessly over the 5+yrs we’ve been here to build a well oiled machine with the right structural rails in order to sustain market fallout as we’ve endured a multitude of times now. This very moment is not different, albeit harsh as there’s ecosystem-wide pain and project closure happening. Luckily for Indigo, we’re buffered for the time being.

Appreciate you all. Try not to get too down and here’s to Indigo surviving for the long haul and prospering as the dust eventually settles 💪🏻🙏🏻

[Indigo @Indigo_protocol]

Want $iUSD without opening a loan?

Now you can swap $USDCx → iUSD directly through Indigo’s PSM with no slippage.

$USDM and $USDA support are also on deck if approved by the DAO.

Cleaner stablecoin routing on Cardano. 🔄

[Indigo @Indigo_protocol]

https://t.co/IF6sjz3F4U

[Indigo @Indigo_protocol]

Indigo V3 is live. 🔮

This is the largest upgrade in Indigo Protocol’s history.

V3 unlocks new markets through Indigo Limitless, expands collateral beyond ADA, introduces no-slippage PSM routing, upgrades the Indigo OrderBook, and brings Pyth-powered oracle infrastructure to the protocol.

But just as importantly, V3 strengthens Indigo’s economic design.

Native iAsset interest settlement, deeper protocol revenue flows, and a move toward zero INDY emissions create a cleaner foundation for long-term growth.

More markets.
More collateral.
Better execution.
Stronger tokenomics.

Welcome to Indigo V3. ⚡️

[EC 🪏 @ecatxvc]

Hello @yutazzz thanks for being patient on my follow up to provide more clarity on your concerns with the Indigo Innovation Proposal’s V2030RS framework.

We’re in the midst on launching Indigo V3 as I type this, so we have many irons in the fire at the moment, but positive!

Section 1.1 defines the actual V2030RS commitment: revenue share applies to products developed through this proposal, specifically tokenized RWAs, BTC DeFi primitives, and shielded iAssets on Midnight. The historical Indigo revenue figure was included to show that Indigo is not presenting a speculative revenue thesis from an unproven model or team. It was meant to demonstrate that Indigo has already built a real, revenue-generating DeFi protocol on Cardano, and that this proposal extends that proven engine into larger market opportunities.

The intent is not to overstate payback certainty. The intent is to show that Indigo has demonstrated product-market fit, fee generation, and operational durability already, and that the newly proposed product suites target markets with significantly greater upside than Indigo’s current synthetic asset suite alone.

Tokenized Treasuries are already one of the fastest-growing institutional RWA categories having exceeded $15B USD valuation as of now, and Bitcoin DeFi is arguably the most important strategic meta-narrative for Cardano DeFi. If Indigo has already generated meaningful protocol revenue from synthetic assets on Cardano, then expanding into tokenized RWAs, BTC-backed collateral markets, and privacy-enabled iAssets creates a credible path to revenue that could materially outperform the current benchmark over time.

So the forecast should be read as an illustrative recovery model based on Indigo’s demonstrated revenue capacity to date, while being mindful of the greater upside potential of these newly funded institutional products.

Given this clarification, we respectfully ask you to reconsider your position. We believe the forecast concern is a matter of framing, while the underlying proposal still represents a credible path for Cardano into two of the industry’s highest-momentum sectors led by a team with a proven record of execution.

[Dave @ItsDave_ADA]

Cardano is an $8.67 billion blockchain that lets you take direct control of your own financial life.

When you hold assets on Cardano, they are yours. They are not sat on a bank balance sheet being lent out, reused, or turned into profit without you having any say in it, or seeing any benefit from.

You control the keys.
You control the assets.
You control the decisions.

That means access to financial opportunity is no longer based on whether a bank approves you, what your credit history looks like, or whether an intermediary decides you are worth serving because they see a profit opportunity in you.

The Cardano ledger does not care who you are.

It cares what you own, what you sign, and whether the transaction follows the rules.

That is a very different financial model.

Of course, this comes with responsibility. Self custody means you have to understand what you are doing. There is still risk.

But the principle is powerful and personally, I consider the reward greater than the risk.

Cardano gives people access to finance without needing permission from the same institutions that have always controlled access.

You cannot be blocked from holding your own assets. You cannot be debanked, or exploited.

You cannot be censored from using an open ledger.

Your past does not need to define the financial opportunity in your future.

To me, that is why Cardano matters. It did not replace the bank. It gave people the balance sheet, the keys, and the decision making power to control what is rightfully theirs.

[Spuds @SavantWomp]

@astroboysoup @Indigo_protocol Super stoked for this one

[Pete | Beware of Scammers @astroboysoup]

Indigo V3 might be one of the bigger Cardano DeFi upgrades people are underestimating.

Pyth Pro for stronger oracle infrastructure.
PSMs for cleaner stablecoin routing.
Limitless iAssets for forex-style exposure.
Multi-collateral markets.
A bi-directional order book.

Then the Innovation Proposal adds RWA rails, BTC-Fi and a Treasury revenue share model.

Is this the kind of proposal Cardano should be backing?

Not a paid promotion

https://t.co/RcqIo1UpxG

[Spuds @SavantWomp]

@Indigo_protocol Tokenize everything! This is the future.

[Indigo @Indigo_protocol]

The Indigo Innovation Proposal starts with $iUSDt, but the bigger unlock is the structure behind it. 🔓

A compliant issuer.
Regulated custody.
Reserve reporting.
On-chain minting controls.
Cardano-native RWA infrastructure.

That framework can help bring tokenized Treasuries online first, a $15B market, while opening the door for future institutional assets like tokenized stocks, and other RWAs over time. 🪙

The end result is giving Cardano the rails to compete for institutional capital of all kinds.

This is worth funding.

Indigo Innovation Proposal:
https://t.co/ovl23uQdDh

[Spuds @SavantWomp]

@Indigo_protocol Let’s go!

[Indigo @Indigo_protocol]

Indigo V3 launches next week! 🎉

This is not just a backend upgrade. It gives users new ways to act on markets directly from Cardano.

A few things to start thinking about 👇

⚖️ PSMs for cleaner stablecoin routing between $iUSD and supported stable assets without slippage.

💴 Indigo Limitless:
Use iJPY to get on-chain exposure to the Japanese yen.
Use iEUR to get exposure to the euro, and more with the Limitless iAsset suite. Build strategies around forex without leaving Cardano DeFi.

🪙 Use multi-collateral markets to borrow against more than just ADA.

↔️ Use the bi-directional Indigo OrderBook to enter or exit iAsset positions without relying on AMM liquidity, taking price impact, and with no slippage.

V3 gives users more markets, more collateral, and more ways to move capital.

What are you trying first?

[Indigo @Indigo_protocol]

For content creators looking for major Cardano ecosystem initiatives to cover beyond governance, look no further than Indigo.

Indigo V3 is imminent, & governance is already underway to approve its launch within the next two weeks. 🔥

[Indigo @Indigo_protocol]

https://t.co/NU1A8lOZHw

[EC 🪏 @ecatxvc]

Great dApp options here depending on your use case- great to see @Cardano_CF

Stats matter and @Indigo_protocol looking good on the tx leaderboard, as usual 💪🏻

[Indigo @Indigo_protocol]

The Cardano Treasury should not sit idle while RWA and BTC DeFi markets form elsewhere.

The Indigo Innovation proposal gives Cardano a path to compete in both, with value flowing back to the ecosystem. ✨️

That is worth backing.

[Indigo @Indigo_protocol]

Join us for the Indigo Innovation X Space on Tues, May 5th at 1 PM EST! 🎙🟣

Topic: Indigo Innovation Proposal bringing perpetual revenue share to the Cardano Treasury via V2030RS, Tokenized Treasuries & more.

Guests: @RickMcCracken & Intersect members.
https://t.co/RL2GtA3c32

[Indigo @Indigo_protocol]

The Cardano Treasury should fund infrastructure that can pay Cardano back. 🔁

The Indigo Innovation Proposal requests 3.85M ADA to bring tokenized RWAs, BTC DeFi, and shielded iAssets to Cardano.
Through Vision 2030RS, up to 10% of net new protocol revenue from these funded products would return to the Treasury from day one.

Forecast summary:
• 466k ADA returned in Year 1 at baseline
• 2.33M ADA returned in Year 1 at 5x growth
• 4.66M ADA returned in Year 1 at 10x growth
• Potential payback in as little as 0.83 years

Read the proposal (see linktree in profile), check the math, and see the potential for yourself.

We will be hosting an X Space next week with several builders across the ecosystem to discuss the proposal in more detail.

Time TBA. Stand by. ⚡️

[Spuds @SavantWomp]

@Indigo_protocol This makes a lot of sense.

[Spuds @SavantWomp]

@Indigo_protocol