Today, SundaeSwap Labs and Indigo Protocol are excited to announce that we have formed a development partnership. This partnership is not only a major step forward for both protocols, but we expect that it will add great value to the growth of DeFi as a whole on Cardano by encouraging the future adoption of both protocols.
As SundaeSwap Labs continues to build the decentralized exchange, we will now also integrate our DEX within Indigo’s web and mobile applications, allowing synthetic assets to be traded through the SundaeSwap DEX at launch. SundaeSwap will serve as an intermediary in the trading process as users provide liquidity to Indigo’s synthetic assets, creating a market for others to swap those same synthetic assets. SundaeSwappers will pay a small fee, which is then distributed to liquidity providers as a reward for their deposit in the synthetic asset’s liquidity pool. With the integration, Indigo will have a native decentralized exchange to launch on, giving Indigo users full functionality of all Indigo platform features when the DEX goes live.
For its part, the partnership will give Indigo Protocol access to an even greater community of liquidity providers and users, and continue to add more Total Value Locked (TVL) to SundaeSwap DEX.
We are very excited for this collaboration with SundaeSwap as we work together to improve the user experience and build value within the realm of decentralized finance.
For more details on SundaeSwap, head to www.sundaeswap.finance!
