Thanks Paul! Great update! So to be clear, with Indigo V2 we no longer have the 2% fee when we close out the IDP? I understand we now have the 20% APY interest rate (for iUSD) but prior to V2 we had the 2% closing fee. I never likes the 2% closing fee since, from my understanding, this was on the value of the ADA you used as collateral at the time you were closing the position. So if your collateral went up significantly, then you would have had to pay 2% on the final collateral amount, not the initial amount. So 20% interest rate seems like a better fit for those that believe ADA will go up in value. Unless we also still have that 2% closing IDP fee. Can you confirm?
Do you know what happened to lace wallet?! I had to restore mine out of the blue and it removed all my pool delegations... I hope it counted them in history but it doesn't show it... Would be nice if U looked into it. Thx!
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Thanks, Paul, for the detailed update on Indigo Protocol V2 and its impact on Cardano's DeFi landscape!
Great upate Paul - definitely not for the faint of heart when it comes to DeFi!
Thanks Farid, yep lots of opportunities out there but they all bring some risk too
Thanks Paul! Great update! So to be clear, with Indigo V2 we no longer have the 2% fee when we close out the IDP? I understand we now have the 20% APY interest rate (for iUSD) but prior to V2 we had the 2% closing fee. I never likes the 2% closing fee since, from my understanding, this was on the value of the ADA you used as collateral at the time you were closing the position. So if your collateral went up significantly, then you would have had to pay 2% on the final collateral amount, not the initial amount. So 20% interest rate seems like a better fit for those that believe ADA will go up in value. Unless we also still have that 2% closing IDP fee. Can you confirm?
No the 2% on closing is now gone so you just have to pay the interest due as well as your debt
Great work brother 👊👊
Very helpful tx
Cardano 🚀🚀🚀
love this content
Great video paul! Thanks for the coverage. 🙏
Thanks guys, congrats on V2 👏
Great video
Do you know what happened to lace wallet?! I had to restore mine out of the blue and it removed all my pool delegations... I hope it counted them in history but it doesn't show it... Would be nice if U looked into it. Thx!
I dont currently use Lace but I'll look into it and see what I can find
DCA ADA
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