Indigo Protocol Whitepaper

Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano. Indigo allows anyone to create synthetic assets, known as iAssets. iAssets can be created using currencies such as stablecoins and ADA. They have the same price effect as holding the asset being replicated. This allows you to gain profit from the increase in price of an asset without owning the original asset itself.