Minswap DEX partners with Indigo!
We are thrilled to announce our latest partnership with Indigo Protocol! Indigo is an algorithmic synthetics protocol built on Cardano. In DeFi terminology, we refer to synthetics as fungible assets that mirror and track the value of real-world assets. So, for instance, Indigo will allow users to lock up some collateral (in form of ADA for example) to create a synthetic asset called “iBTC” that has the same value as Bitcoin on the Blockchain without having any real Bitcoin in the first place. This opens up a wide array of opportunities, such as: holding assets in fractional shares, trading them irrespective of geographic location or market hours, or benefitting from price exposure to the underlying asset going through much fewer obstacles.
Minswap looks forward to tapping into the endless possibilities that synthetics offer and we will work closely with the Indigo team to enable their trading through our DEX. Moreover, Minswap looks forward to collaborating with Indigo Labs regarding their multi-DEX SDK (Software Development Kit) which was recently a Catalyst Proposal. The aim of Indigo’s multi-DEX SDK is to allow developers seamless access to all DEX SDKs through a single interface. The possibilities of the multi-DEX SDK go beyond simply providing web interfaces, as DEX arbitrage bots, and DEX aggregators could be built using this SDK, extending the DEX landscape, and providing more price stability on Cardano DEXes such as Minswap.
As we strongly believe in the mission of this initiative and the cross-pollination of DeFi protocols on the Cardano blockchain, Minswap will work hard to integrate the Minswap SDK into the multi-DEX.
If you haven’t already, please vote for Indigo’s Multi-DEX SDK Proposal in Catalyst Fund 7 until the deadline the 3rd February at 11AM UTC!
Indigo has a long-term vision to tokenize the real-world economy and will play a key role in both DeFi and RealFi by providing people & institutions exposure to assets they wouldn’t normally have access to. Indigo allows for the minting of synthetic assets (iAssets) for traders to gain price exposure to real-world assets. Additionally, iAssets enable significant advantages over traditional assets: users can hold them in fractional shares and trade them irrespective of their geographic location or market hours. Users can benefit from price exposure to the underlying asset without going through the obstacles of purchasing and holding custody of the asset. Enabling price exposure to assets via Indigo’s noncustodial & decentralized architecture unlocks opportunities for wealth creation at a global scale for anyone with an internet connection.
Minswap is a community-centric Decentralized Exchange (DEX) built on the Cardano blockchain that aims to enable the permissionless trading of token pairs. For each swap, a fee is taken, which goes to the Liquidity Providers. Anyone can provide liquidity as well, hence profits are decentralized. Minswap aims to capitalize on Cardano’s peer-reviewed and secure pillars to realize its potential of financially empowering everyone.