Indigo Partners with VyFinance
We are thrilled to announce our latest partnership to the community — VyFinance and Indigo will be joining forces on the following Cardano DeFi developments:
- Team effort to introduce an $INDY token Liquidity pool on the VyFi platform.
- Collaboration on projects that strengthen or support the development of sustainable communities on Cardano.
Indigo and VyFinance will hold ongoing conversations, discussing how we can work together to further provide utility to both platforms. With the combined audience of both projects, Indigo and VyFinance will coordinate to bring growth to both communities in cross-promotional marketing.
Each institution pledges to cooperate in a spirit of mutual understanding and to develop a closer relationship of goodwill and friendship.
VyFinance is an original interpretation of a DEX, built upon four main pillars. Firstly, a liquidity aggregator (auto harvester) as our top layer, this is where users can come and without managing their own funds, the auto harvester can do that instead. Secondly a Neural Net, a program that teaches itself how to perform tasks, and in this case will be learning how to optimise liquidity over yield farms. Thirdly, a Bar in which a certain percentage of fees from the exchange, and a part of the farm from the Auto harvester will be distributed to the bar (our VYFI holders). Finally, an LMS system to tie it all together. The LMS aims to educate newcomers on how to interact with DEFI successfully and safely, the ultimate goal is for users to engage with the Auto Harvester and eventually gain the essential knowledge to use our more traditional defi tools such pools and farms.
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.