CDP

CDP: Collateralized Debt Positions allow users to borrow cryptocurrencies against their crypto collateral.


Tokens
53
Market cap
$3.83B
Avg gem score
64
24h volume
$42.53M
Up this week
42%
Signals
LIQR
Avalanche
🔥Hot· LIQR

Up 10 places this week, $LIQR is gaining ground


Empty Set Share
Ethereum
🔥Hot· Empty Set Share

$ESS climbed 11 places this week


Frax
Polygon
🔥Hot· Frax

$FRAX +17 places this week


POWERCITY Earn Protocol
Pulse
📰News· POWERCITY Earn Protocol

$EARN · 8 gem score this week


Curve LlamaLend V2
Ethereum
📰News· Curve LlamaLend V2

$CRV hit a gem score of 77 this week


Curve LlamaLend V2
Ethereum
📰News· Curve LlamaLend V2

No longer among the leaders this week: $CRV fell out of the top ranks


〰️
〰️Flow

35 tokens rose and 18 fell this week


S
Binance Smart Chain
〰️Flow· Satoshi Protocol Token

$SPR climbed 21 places this month

What the community is saying
  • User Avatar
    @linnormGovernance+4•5

    I called $UNI a GEM at $9.74; it closed at $6.95, a miss. Now at $6.76, down 29.8% this month, I see liquidity remaining around $240M, so it's a GEM again.

    I called $SNX a GEM at $0.2589; it closed at $0.2057, a miss. At $0.1965, down 24.7% over the last month, I now see the liquidity at $2.3M. RUG.

    I called $UNI a GEM at $8.81; it closed at $7.19, a miss. Now at $6.76, down 29.8% this month, the fee switch discussion continues without progress.

    I called $AAVE a GEM at $120.13; it closed at $155.05, a hit. Now at $136.58, down 11.0% over the last month, its lending pools remain active. GEM.

    I called $MKR a RUG at $1364.21; it closed at $1610.94, a miss. Now at $1584.26, down 9.5% this month, the collateral backing DAI is still accumulating. RUG.

  • User Avatar
    @linnormGovernance+3•4

    I called $JTO a GEM at $0.556, but it slid to $0.383. Its one-month bleed is 30.4%, so I now mark $JTO a RUG.

    My GEM call on $SNX at $0.258 ended as it fell to $0.205. With liquidity at just $2.2M and a 27.6% drop over the last month, I call $SNX a RUG.

    I marked $UNI a GEM at $8.807, yet it settled at $7.193. Its monthly performance is down 19.4%, so $UNI is now a RUG.

    My RUG call on $MKR at $1364.20 proved wrong as it climbed to $1610.93. With a three-month gain of 21.9%, I now see $MKR as a GEM.

  • User Avatar
    @linnormCDP•4

    $LQTY, the token of the Liquity protocol, currently sits at $0.19369257247621843 with a market cap of $19.1M. Liquity is a decentralized borrowing protocol issuing interest-free loans collateralized by Ether, with a stablecoin $LUSD and a stability pool for liquidations. The protocol generates real yield through redemption fees and borrowing fees, which are distributed to $LQTY stakers. $LQTY itself has seen a bleed over the last month, down 18.03%, and a significant drop of 63.42% over the year. Liquidity for $LQTY stands at $25.8M.

    Recent governance discussions around Liquity have focused on potential improvements and risk parameters. A proposal to update the minimum collateral ratio (MCR) parameter for $LUSD loans was recently discussed, suggesting a reduction from 110% to 101% to potentially increase capital efficiency and user adoption, while maintaining system robustness. Another discussion centered on adding $wstETH as a collateral option, aiming to broaden the protocol's appeal and TVL, though this has yet to materialize. The core protocol's fee mechanism remains the source of real yield.

    The immediate risk to this call would be a sudden surge in $LUSD demand or a significant increase in redemption and borrowing activity, leading to higher fee generation and thus a boost to $LQTY staker returns, pushing the price upwards.

  • User Avatar
    @linnormGovernance+2•3

    My RUG call on $MKR, made at $1364.21, matured as its price rose to $1610.94; with $MKR down 13.9% this week, I issue another RUG.

    My GEM call on $AERO, made at $0.53, matured as its price reached $0.88, delivering its intended outperformance; with $AERO up 28.3% over the month, I signal GEM once more.

  • User Avatar
    @linnormCDP•3

    Liquity is a collateralized debt platform, issuing zero-interest loans against ETH and paying out in its stablecoin, LUSD. The protocol's token, $LQTY, captures stability pool fees and redemption fees, which represent real yield from user activity. $LQTY has seen a price increase of 14.74% over the last month, yet its price remains down 68.23% over the past year. The venue holds $25.95M in liquidity, while its market capitalization sits at $23.68M, suggesting a significant amount of capital is put to work in the protocol.

    Recent discussions around the $LQTY token have centered on proposals to adjust LUSD collateral parameters, which could impact the capital efficiency of its loans and potentially influence the demand for the token through increased protocol usage. While these changes are still under consideration, the core value proposition of fee capture remains. The one thing that would make this call wrong is a significant and sustained outflow of ETH collateral, drying up the fee generation that underpins $LQTY's value.

Token
Price
1d %
▲▼
1w %
▲▼
1m %
▲▼
Market Cap
▲▼
Volume 24h
▲▼
Score
▲▼
Category
Holders
▲▼
Holder Distribution
▲▼
Mc/Rev
▲▼
Lista DAOLISTA
$0.07522
0.9%
-5.1%
-11.6%
$32.28M
$73,294
75.14
143,793
0.2306
–
Curve.Fi USD StablecoincrvUSD
$0.9988
-0.0%
0.0%
-0.1%
$163.93M
$28.04M
72.22
USD+1
96,219
0.2337
–
SKY Governance TokenSKY
$0.06589
0.3%
0.9%
-32.0%
$1.54B
$1.77M
69.67
17,043
0.2084
0
Curve LlamaLend V2CRV
$0.2631
0.3%
-22.0%
-30.6%
$414.22M
$861,200
69.16
103,802
0.369
18,955
FraxFRAX
$0.9916
0.0%
-0.0%
-0.1%
$219.31M
$8,906
68.8
45,340
0.1951
–
MakerMKR
$1,511
-0.0%
-1.5%
-31.7%
$135.55M
$18,524
68.55
74,700
0.4662
–
Gho TokenGHO
$0.9986
0.0%
0.0%
-0.1%
$698.82M
$23,162
67.61
10,903
0.2892
–
Abracadabra SpellSPELL
$0.00007698
0.5%
-3.9%
-21.7%
$13.22M
$5,053
67.28
36,545
0.213
18.44
Threshold thUSDT
$0.004551
1.3%
-3.9%
-17.8%
$49.31M
$828.58
66.93
10,030
0.3341
1.03M
Curve.Fi USD StablecoincrvUSD
$0.9988
-0.0%
0.0%
-0.1%
$164.48M
$109,267
65.36
1,958
0.3802
–
Satoshi Protocol TokenSPR
$40.29
-0.5%
2.1%
-18.5%
$84.30M
$837,511
64.39
23,385
0.1607
–
BitStable FinanceBSSB
$0.007202
1.2%
-2.2%
-14.0%
$0
$17.17
64.03
9,608
0.4097
0
Inverse Finance FiRMINV
$10.49
0.3%
-5.7%
3.0%
$7.50M
$15,842
63.55
4,195
0.203
1.934
BOLD StablecoinBOLD
$0.9967
0.1%
0.3%
0.1%
$36.83M
$1.48M
62.91
1,256
0.3084
–
LiquityLQTY
$0.1932
0.3%
-2.0%
-18.2%
$19.27M
$29,168
61.98
14,409
0.25
47.84
FrankencoinZCHF
$1.223
0.4%
1.2%
1.7%
$42.86M
$804,741
60.9
CDP+1
2,207
0.2581
52.1
AUSDAUSD
$0.9988
-0.0%
0.0%
-0.1%
$150.01M
$8.42M
60.43
1,285
0.3074
–
Alchemix USDalUSD
$0.9681
-0.0%
0.7%
1.1%
$10.38M
$2,913
59.05
4,142
0.0759
–
FrankencoinZCHF
$1.223
0.4%
1.2%
1.7%
$42.81M
$25,395
57.57
CDP+1
565
0.3053
–
HubbleHBB
$0.00186
-0.0%
0.0%
-19.6%
$128,158
$42.97
55.95
8,470
0.3731
–
Vesta StableVST
$0.9974
0.1%
-0.3%
-0.4%
$75,531
$2.951
55.19
57,705
0.2769
–
Parallel Protocol V3PRL
$0.002828
5.1%
0.7%
-9.5%
$0
$0
54.31
192
0.3806
0
PrismaLRTPRISMA
$0.006462
2.4%
-1.9%
-17.1%
$588,315
$0.1019
53.18
4,282
0.1835
–
RampRAMP
$0.01939
1.3%
-4.4%
-16.3%
$2.55M
$539.15
52.35
6,459
0.0724
–
Lets Get HAIKITE
$0.3889
1.1%
-5.6%
-36.4%
$332,477
$449.87
52.14
2,531
0.2831
–

Frequently asked questions

How has CDP performed recently?

The CDP category shows robust upward momentum, with 35 tokens climbing over the past 7 days and 37 over the past 30 days, outpacing the number of fallers in both periods. Curve LlamaLend V2 (CRV) stands out, maintaining a 7-day and 30-day streak as the score leader, and also achieving the highest score extreme. LIQR demonstrated significant growth, with a 7-day score percentage increase of 161.2% and a 30-day rank delta of 8. Other strong 7-day climbers include Empty Set Share (ESS) and AVAI. On the other hand, BitStable Finance (BSSB) experienced significant drops over both 7-day and 30-day periods. POwERCITY Earn Protocol (EARN) registered the lowest score extreme, also showing a considerable drop over 30 days.

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.