The current real-time price of IBTC is $84,156. In the past 24 hours, IBTC has traded between $83,376 and $92,505, showing strong market activity. The all-time high of IBTC is $156.142K, and the all-time low is $19,080.05.
From a short-term perspective, the price change of IBTC over the past 1 hour is , over the past 24 hours is -1.96%, and over the past 7 days is -8.23%. These figures provide a quick overview of the latest price trends and market dynamics of IBTC on LBank.-5.87%
The live price of IBTC today is $84,156, with a current market cap of $0. The 24-hour trading volume is 4K. The price of IBTC to USD is updated in real time.
Before deciding whether to buy or sell IBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s IBTC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for IBTC.
How much will IBTC be worth tomorrow, next week, or next month in ? What about your IBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! IBTC Price Prediction
To learn more about IBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
Indigo Protocol iBTC is a synthetic Bitcoin asset launched in November 2022 on the Cardano blockchain, designed to mirror Bitcoin's price. Unlike wrapped assets, iBTC is a new token that replicates Bitcoin's value without using a bridge. Users can acquire iBTC by minting it within the Indigo Protocol or by purchasing it on a decentralized exchange.
To mint iBTC, users deposit Cardano's native token, ADA, as collateral in a Collateralized Debt Position (CDP) within the Indigo Protocol. This process requires over-collateralization, meaning the value of the deposited ADA must be higher than the value of the minted iBTC. Users must maintain their CDP above a specified Minimum Collateralization Ratio (MCR).
If your ADA collateral's value decreases and approaches the Minimum Collateralization Ratio, you can add more ADA to your CDP to maintain its health. If it falls below the MCR, the position can be liquidated. Stability Pool providers then exchange their iBTC for your higher-value ADA collateral, ensuring protocol solvency. The CDP owner keeps the minted iBTC but loses their collateral.
iBTC offers several uses within the Cardano ecosystem. These include arbitrage trading, yield generation through lending or other earning products, and payments. Users can also engage in various trading strategies like shorting Bitcoin or leveraged longing, though these carry substantial risk. Additionally, it provides exposure to Bitcoin's price without requiring direct ownership of the underlying asset.
Key risks include Liquidation Risk, where your ADA collateral can be lost if its value drops below the Minimum Collateralization Ratio. There's also De-pegging Risk, as iBTC's market price can temporarily deviate from Bitcoin's price. Market Volatility affects both ADA collateral and iBTC's value. Furthermore, Smart Contract Risk is inherent to the DeFi protocol's underlying code.
Yes, Indigo Protocol features "CDP Liquid Staking." This unique functionality allows users to continue receiving their ADA staking rewards from stake pool delegation even when their ADA is actively used as collateral within a Collateralized Debt Position (CDP) for minting iBTC. This enables users to maximize the utility of their ADA while gaining synthetic Bitcoin exposure.
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