🗣️Proof-of-Commitment (PoCoP) V2 by the Protocol Outreach Group (POG): Incentivize Indigo Protocol content creation and education. 💪After the POG proposed V1 of this Temp Check Proposal, they revised & improved a V2 version based on DAO feedback! 🔗forum.indigoprotocol.io/t/introduction…

⚙️Web-App Updates 💰The DAO Treasury drop-down now includes $handle(s) and the Indigo Foundation balance. 🧾The CDP Page now shows you the Redemption history for your position. Additionally, a few fixes have been deployed for displaying Interest.

⚖️The DAO has voted NO on the iUSD Parameters Proposal #54 and YES on Proposal #53 for Phase One Treasury Management. ⚡️Beginning in the next few weeks, 30% of ADA generated by the protocol will be used for $INDY & iAsset Buybacks, & 30% will be sent directly to $INDY Stakers.

iUSD/iAsset Pairs are coming to Minswap Labs V2! 😺 Proposal #55 by the PWG has passed. On July 18th, rewards will be rebalanced & new liquidity pools will be incentivized for iUSD/iBTC and iUSD/iETH.🔥 ADA/iUSD has been migrated to Minswap V2 with an updated pool fee of 0.05%.

Craving JUICY yields this summer?🍊 iAsset LPs have some of the highest! 🐱Minswap V2 $iETH/iUSD: 68% $iBTC/iUSD: 68% $iUSD/ADA: 50% 🍨SundaeSwap V3 $iETH/iUSD: 88% $iBTC/iUSD: 83% $iUSD/ADA: 59% Remember to check slippage when swapping on your favorite DEXs. 🙏

🔥The first distribution of 15k $ADA revenue to $INDY Stakers is complete. The next distribution will happen in roughly 2 weeks and will scale as interest is paid. 🪙As the DAO continues this structure, of the 2.2M ADA accrued, over 600k ADA would be distributed to Stakers.

📜 Proposal #56 has passed and the $iUSD Redemption Reimbursement Fee has been lowered back to 1%.

❤️‍🔥V2's redemptions worked flawlessly during the market pullback! Over 600k $iUSD redeemed NOT 1 USER liquidated🛡️ iUSD held the #1 position by volume 25k+ $ADA to $INDY stakers 💪Protocol solvency benefits from redemptions by keeping TCR higher than a mass liquidation event!

July Review🏛️ Phase #1 Treasury Management live, iUSD/iAsset LP incentives, & progress on the Enhanced Interest with Algo Upgrade. 🌟Metrics: 44.65M USD #TVL 16.88M USD iAsset MC - $iUSD, $iBTC, $iETH 1,030 CDPs 13.28M $INDY Circ. Supply 8.7M $INDY Staked (~65% of Circ. Supply)

Proposal #58 is live on the Indigo Governance page & requests the next 100k ADA be received to carry out the next round of buybacks, distribution to INDY Stakers, & opex! 💪 📜Proposal #58 reuses the template & information from Proposal #52 to continue the Foundation structure.

Added iAsset utility with Strike Finance | Presale Wednesday!🔥 Looking forward to this launch and what it brings for #Cardano DeFi users.⚡️

The Foundation just received another 100k ADA from the DAO for INDY Stakers, buyback, & opex!🔥 The initial 30k $ADA distribution to Stakers is complete, with 30k ADA on standby for the next round.🌱 And strategic buyback funds have doubled to 60k ADA, set to kick off soon.✅

✅ As a result of Proposal #53 for "Phase One Treasury Management," the buyback program has officially begun! 📥 Today, 60k ADA from the Indigo Foundation has been placed into $INDY buyback orders on SundaeSwap V3.

Another epoch of juicy HRAs of almost 15% for $INDY Stakers, fueled by $ADA distributed from Indigo DAO revenue. 🥩🌱

🔥Another $ADA distribution has just been received by $INDY Stakers, continuing the trend of real yield! ⚡️Coming with V2.1, ADA distributions will be received in real-time as revenue is generated, bringing more consistent yield by introducing this as a protocol parameter!

Indigo is Chang ready!🪬 Expect roughly 1 hour of maintenance during the deployment of Conway on Sept 1st, at 21:45 UTC during the epoch crossing. 🛠️

Chang is upon us 🙌 Indigo is fully operational and online. Welcome to a new era of #Cardano. 🎉