Indigo · Cardano

IUSD

Overview

The Indigo IUSD pool on Cardano is a single-asset stablecoin position where suppliers earn variable interest on deposits of the IUSD token. The protocol generates yield by leveraging collateralized debt positions (CDPs) to create and backstop the stablecoin, allowing users to supply liquidity in exchange for returns.

Total APY stands at 12.87%, entirely from rewards with no base lending component. Over the past week, the rate has risen by 0.68%, while over the last month it has dropped by 3.82%. This places the current rate below the 30-day mean of 13.84%.

TVL is $4.84M with no reported change in the past seven days; primary exposure here is depeg risk on the underlying stablecoin. Given its single-asset nature, liquidity depth and stability of IUSD are critical factors influencing user participation and returns.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Yields can change as TVL and incentive emissions change. The current APY is not a guarantee.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.