Cardano-based DeFi protocol Indigo was briefly one of many prime 10 decentralized finance (DeFi) protocols. The protocol permits customers to commerce digital variations of actual belongings on the blockchain, increasing the scope of potentialities within the DeFi area.
MakerDAO maintains its dominance on the helm with a TVL of $4.78 billion. JustStables is subsequent with a TVL of $1.644 billion. The highest three was accomplished by Liquity, a decentralized lending protocol that managed to safe $648.34 million in belongings.
The Cardano community is seeing a rise in DeFi adoption. The chief is Minswap, a decentralized change with a TVL of $47.62 million. Indigo is available in second with a TVL of $46.94 million. They’re adopted by lending platforms Liqwid and Optim Finance with a TVL of $21.21 million and $13.16 million respectively.
Picture: The Crypto Primary