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. 🔄
V3 is live, and Cardano's first Non-USD Stablecoin Markets go live today! 🎉
With voting nearing completion, $iJPY and $iEUR are set to come online as new iAssets through Indigo Limitless, with $NIGHT being added as collateral in the system.
This is V3 in motion: new iAssets, new collateral, and faster market expansion. 📈
V3 is online, and the next set of market proposals are already up for voting. 👀
This includes whitelisting iEUR and iJPY, adding ADA collateral markets for both, plus additional collateral support like $NIGHT and $USDCx across other iAsset markets.
Go vote and help bring the first wave of Indigo Limitless markets online.
https://t.co/3rHvBCA9Bv
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. ⚡️
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.
Indigo V3 has officially passed on-chain governance. 🎉
The most comprehensive upgrade to Indigo is approved & set to go live imminently.
Multi-Collateral Markets, PSMs, Native iAsset Interest, Indigo Limitless, Pyth, & the Bi-Directional OrderBook are almost here.
V3 is real. ⏳️
Voting is open for proposals submitted via Intersect. 🗳
Including the Indigo Innovation Proposal.
If you believe Cardano should fund institutional-grade tokenized RWAs, BTC DeFi, Midnight privacy rails, & revenue share model to the Treasury, now is the time to support! 💪
https://t.co/XivqEYiPm7
Hydra Voting for the 2026 Budget Process is now open.
From today until 12 June, DReps can review and vote on proposals submitted through the Intersect budget process using the Hydra Voting platform.
Over the past weeks, proposers, reviewers, DReps, and community members have contributed feedback, discussion, and refinements across a wide range of proposals. That review phase has now concluded, and proposals are locked ahead of voting.
To progress through the process, proposals must reach:
✅ 67% approval of participating stake within Ekklesia
Community discussion remains open throughout voting and can continue helping inform DRep decision-making.
If you are participating in governance:
• review proposals carefully
• engage with proposers
• ask questions
• contribute constructively
Governance participation is strongest when informed by open discussion and active community engagement.
📅 Voting closes: 12 June 2026 - 12:00 UTC
📘 Voting Guide:
https://t.co/jT5Ql8WQyH
📂 Hydra Voting Platform:
https://t.co/LaEC8Eyt8s
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
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
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?
@Cerkoryn@adamKDean@Padierfind Correct. iUSDt is the starting point, but the structure is forward-looking.
Once the issuer, custody, minting, etc. are in place, the framework can support additional RWAs on Cardano over time.
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 Protocol is the first Cardano project integrating Pyth Pro 🔥
For synthetic assets, the oracle layer is probably one of the most important things.
Better pricing infrastructure usually improves execution, liquidations, and overall market reliability.
Well done team!
Shoutout to @CryptoFly777 for putting this together. 🙌
Indigo is the first Pyth Pro integration, using Pyth’s pull-based oracle infrastructure to support faster, more scalable market data for iAssets and Indigo Limitless coming with V3.
Worth the watch. 👇
Possibly one of the biggest integrations Cardano has seen in years!
Pyth Pro is now live on the network, and here’s how it could take DeFi on Cardano to the next level:
Been an absolute pleasure to work with the @Indigo_protocol team as they upgraded their latest contracts to support the new Launch of their protocol— powered by @PythNetwork
Thrilled to be supporting the next gen defi protocols on @Cardano
Cc @IOHK_Charles
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.