CDP
CDP: Collateralized Debt Positions allow users to borrow cryptocurrencies against their crypto collateral.
Top gainers this week
Top losers this week
$crvUSD · 7 days on top this week
$FLX -8 places this week
Down 7 places this week, $BANK is losing steam
Up 6 places this week, $LQTY is gaining ground
Up 1203.2% this week, $USDI is gaining ground
$CRV · 0 gem score this week
A standout this week: $crvUSD reached a gem score of 74
38 tokens rose and 12 fell this week
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
Curve.Fi USD StablecoincrvUSD | $0.9991 | -0.0% | -0.1% | 0.1% | $210.82M | $21.21M | 73.93 | USD+1 | 93,902 | 0.2639 | – |
Vesta StableVST | $1.009 | 0.1% | 0.0% | -4.2% | $76,361 | $134.58 | 71.1 | 58,426 | 0.484 | – | |
Lista DAOLISTA | $0.0469 | -0.4% | -2.5% | -3.4% | $19.63M | $7,776 | 70.87 | 143,178 | 0.251 | – | |
LOANLOAN | $0.0626 | 5.0% | 25.7% | 76.3% | $1.43M | $4,811 | 69.47 | 8,356 | 0.3238 | – | |
MakerMKR | $1,274 | -1.0% | -12.8% | 10.3% | $116.62M | $53,909 | 68.94 | 75,343 | 0.205 | – | |
LiquityLQTY | $0.1928 | -2.5% | 13.0% | 4.6% | $19.17M | $168,565 | 67.49 | 14,399 | 0.3348 | 42.95 | |
SKY Governance TokenSKY | $0.05516 | -0.9% | -12.5% | 11.1% | $1.30B | $1.34M | 67.3 | 14,541 | 0.3073 | – | |
Curve.Fi USD StablecoincrvUSD | $0.9991 | -0.0% | -0.1% | -0.0% | $211.81M | $103,015 | 67.26 | 1,220 | 0.5197 | – | |
Gho TokenGHO | $0.9987 | -0.0% | -0.0% | 0.1% | $648.07M | $37,824 | 67.12 | 10,302 | 0.2492 | – | |
Threshold thUSDT | $0.003536 | 2.2% | -4.4% | 2.8% | $37.97M | $59,698 | 66.71 | 9,611 | 0.3962 | 8,976 | |
AUSDAUSD | $0.9999 | -0.0% | 0.0% | 0.0% | $209.00M | $22.23M | 64.12 | 911 | 0.37 | – | |
Abracadabra SpellSPELL | $0.00008035 | 1.7% | -4.4% | -15.9% | $13.62M | $2,638 | 64.08 | Lending+1 | 36,106 | 0.2969 | 20.72 |
BOLD StablecoinBOLD | $1.004 | 0.1% | 0.3% | 0.4% | $29.67M | $182,099 | 64.06 | 934 | 0.3617 | – | |
Alchemix USDalUSD | $0.9291 | 0.2% | -1.2% | -2.7% | $10.11M | $3,581 | 64.04 | 4,167 | 0.3247 | – | |
HubbleHBB | $0.001683 | -0.1% | -1.9% | 0.5% | $115,852 | $12.28 | 60.02 | 2,902 | 0.4567 | – | |
International Meme Fund V1IMF | $0.007028 | -0.9% | 0.6% | -22.3% | $223,939 | $394.63 | 58.95 | Meme+1 | 2,346 | 0.4997 | – |
FrankencoinZCHF | $1.22 | -0.3% | -1.1% | -1.1% | $41.65M | $70,079 | 52.1 | CDP+1 | 273 | 0 | – |
magic internet moneyMIM | $0.0001056 | 0.0% | 555.6% | 555.6% | $105,640 | $0 | 37.74 | 1,145 | 0.3269 | – | |
AVAIAVAI | $0.4094 | -0.1% | -3.1% | -11.1% | $6,223 | $21.35 | 37.53 | 25 | 0 | – | |
LIQRLIQR | $0 | 0.0% | 0.0% | 0.0% | $49,879 | $0 | 37.15 | 147 | 0 | – | |
DAIDAI | $0.0002254 | 16.4% | – | – | $225,435 | $3,425 | 36.16 | 2,390 | 0.6434 | – | |
handle.fi hSPFOREX | $0.001222 | 3.2% | -16.2% | -59.8% | $217,595 | $362.6 | 33.65 | EUR+1 | – | – | – |
Inverse Finance FiRMINV | $9.971 | -1.3% | -5.4% | -2.4% | $7.08M | $10,781 | 33.09 | – | – | 1.191 | |
RampRAMP | $0.0172 | -0.7% | -4.0% | 15.4% | $2.10M | $498.71 | 29.7 | Lending+1 | – | – | – |
PrismaLRTPRISMA | $0.007319 | 0.3% | -6.8% | -6.2% | $720,348 | $106.83 | 29.61 | – | – | – |
Frequently asked questions
How has CDP performed recently?
The CDP category has seen more tokens decline than advance over both the seven-day and thirty-day windows, with 30 tokens down and 17 up. crvUSD demonstrated significant strength, leading streaks for 7 days in both periods and reaching the highest score of 73.5682. Curve DAO Token (CRV) recorded the lowest score. Among the top climbers were Liquity (LQTY), Alchemix USD (alUSD), and PrismaLRT (PRISMA). Conversely, Float Protocol (BANK), QiDao (QI), and Reflexer (FLX) were among the top fallers in both periods.
What is a Collateralized Debt Position (CDP)?
A Collateralized Debt Position (CDP) is a smart contract mechanism that enables users to lock up their cryptocurrency assets as collateral to borrow another cryptocurrency, typically a stablecoin.
How does a CDP work?
Users deposit a supported cryptocurrency into a CDP as collateral. In return, they can mint or borrow a specified amount of another token, usually a stablecoin, up to a certain collateralization ratio. If the value of the collateral falls below a certain threshold, the position may be liquidated.
What are the risks associated with CDPs?
Key risks include liquidation risk if the collateral's value drops significantly, interest rate risk on the borrowed amount, and smart contract risk, as vulnerabilities could lead to loss of funds.
What are the benefits of using a CDP?
Benefits of CDPs include the ability to gain liquidity without selling underlying assets, potential for leveraged exposure to collateral assets, and access to stablecoin loans for various DeFi activities.