Indigo Partners with Minswap DEX
We’re excited to announce our partnership with Minswap DEX. Indigo and Minswap will be working together to enable iAsset trading on their DEX. Both parties will also be working in tandem on our Multi-DEX SDK, where Minswap will provide general DEX knowledge and feedback on proper design patterns, assuring future usability and development confidence.
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.
“Indigo aims to provide synthetic assets, one of the key utilities of synthetic assets is trading those assets on a DEX. In collaboration with Minswap we aim to provide a framework that assists developers in interacting with DEXs through a seamless interface, the Multi-DEX SDK. This collaboration will enrich the Cardano DeFi ecosystem and continue to expand on the composability of our synthetic assets.” — Cody Butz, Indigo Labs CTO
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!
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.
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.