The current real-time price of IETH is $3,598.53. In the past 24 hours, IETH has traded between $3,288.63 and $3,793.8, showing strong market activity. The all-time high of IETH is $5,262.64, and the all-time low is $1,429.8.
From a short-term perspective, the price change of IETH over the past 1 hour is , over the past 24 hours is -2.72%, and over the past 7 days is +9.39%. These figures provide a quick overview of the latest price trends and market dynamics of IETH on LBank.-0.32%
The live price of IETH today is $3,598.53, with a current market cap of $0. The 24-hour trading volume is 27K. The price of IETH to USD is updated in real time.
Before deciding whether to buy or sell IETH, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s IETH 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 IETH.
How much will IETH be worth tomorrow, next week, or next month in ? What about your IETH assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! IETH Price Prediction
To learn more about IETH, consider exploring other resources such as the whitepaper, official website, and other published information:
iETH is a synthetic asset mirroring the price of Ether (ETH) on the Cardano blockchain. It was the first iAsset whitelisted by the Indigo DAO. This innovative token allows users to gain exposure to Ether's price movements without directly owning the underlying asset, leveraging Cardano's ecosystem for this purpose.
The Indigo Protocol is a Decentralized Finance (DeFi) platform built on the Cardano blockchain. Its core function is to facilitate the creation of synthetic assets, called iAssets, which track the value of various real-world or digital assets. The protocol aims to broaden financial access, making a diverse range of assets available to anyone globally with a cryptocurrency wallet.
Users can acquire iETH in two main ways. Firstly, it can be purchased from various decentralized exchanges, much like any other native Cardano asset. Secondly, users can mint iETH directly within the Indigo Protocol by depositing Cardano's native token (ADA) as collateral. This minting process requires over-collateralization, meaning the value of the deposited ADA must exceed the value of the iETH being created to ensure stability.
A CDP is a smart contract mechanism where users lock up their collateral, such as ADA, to generate iAssets like iETH. To ensure the protocol's solvency, users must maintain a Minimum Collateralization Ratio (MCR). Should the market value of the ADA collateral fall below this predetermined ratio, the CDP becomes vulnerable to liquidation. This process safeguards the system by ensuring iETH remains sufficiently backed by collateral.
The price of iETH is designed to closely track the market price of Ether. This peg is maintained through several integral protocol mechanisms. These include the requirement for over-collateralization when minting iETH, the use of stability pools to absorb fluctuations, and a robust liquidation process for under-collateralized positions. The protocol continuously aggregates data from various sources to calculate the real-time price, ensuring accuracy and stability.
Holding or minting iETH carries inherent risks, primarily due to market volatility. If the value of the ADA collateral backing a user's minted iETH significantly declines, their Collateralized Debt Position (CDP) could face liquidation. Additionally, if a user mints iETH and the price of the underlying Ether asset substantially increases, they might need to acquire more iETH to close their position, especially if the minted iETH was utilized within a Stability Pool for liquidations.
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