GeroWallet Announces Partnership with Indigo Protocol
We’re thrilled to announce our new partnership with our friends at Indigo Protocol. Indigo is an algorithmic, autonomous synthetics protocol for on-chain price exposure to real-world assets built on the Cardano blockchain. Indigo will be bringing synthetics and derivatives by means of ‘iassets’ to the Cardano blockchain and making them accessible to the whole world.
This partnership is beneficial for both GeroWallet and Indigo Protocol users. Indigo will be integrating GeroWallet into their dApp while Gero will be offering Indigo services within the dashboard. This means users will be able to interact with the Indigo protocol dApp from their wallet along with GeroWallet users will have access to their collateralized debt positions within the GeroWallet dashboard. We’re excited to partner with Indigo to bring global accessibility to real world assets on the blockchain.
Users will be able to manage their collateralized debt positions directly within GeroWallet. Users will be able to close positions, liquidate their positions, etc. Additionally, swapping/trading of iassets will be available. That means users can swap iassets such as Bitcoin or derivatives such as Tesla for assets like $GERO, $INDY, and ADA.
Our users are our motivation. We are committed to building a dynamic environment for the advancement of blockchain by designing innovative, user-friendly tools for the DeFi community. Our promise is to continuously strive to provide accessibility to all through an intuitive user experience.
Indigo is an algorithmic, autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano. Indigo allows the creation of fungible assets, “synthetics”, that track the price of real world assets. Indigo synthetics are intended to be used as key building blocks in smart contracts, and to bring the world’s assets to the blockchain.
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 and potential delays of purchasing the real world and/or digital 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.