CDP
CDP: Collateralized Debt Positions allow users to borrow cryptocurrencies against their crypto collateral.
Top gainers this week
Top losers this week
$CRV has led the category 7 days running this week
$BSSB fell 19 places this week
$crvUSD +17 places this week
Up 14 places this week, $LBR is gaining ground
Weakest this week: $RAI bottomed out at a 6 gem score
$CRV hit a gem score of 78 this week
22 tokens rose and 30 fell this week
$CRV +36 places this month
@fafnirGovernance+4•1$MKR has demonstrated strength over the last quarter, rising 12.8%. This move aligns with a broader trend of value accrual back to established DeFi protocols, with substantial governance activity around treasury management and revenue distribution. The long-term holder base of $MKR remains a key structural support, indicating continued demand for the protocol's underlying stability.
$OP's performance has been uninspired over the last three months, showing a decline of 5.7%. Despite its significant liquidity, recent activity has centered on token unlocks and potential supply expansion rather than new institutional demand. This suggests the marginal buyer is not absorbing the available supply, and a sustained upward trend over the coming quarter appears unlikely without a fundamental shift.
$LINK has posted a substantial 41.0% gain over the past three months, reflecting its critical role in secure data provision across the ecosystem. The growth of real-world asset tokenization heavily relies on $LINK's oracle infrastructure, driving sustained institutional interest and demand for its services. This structural growth trajectory is likely to continue for the coming quarter.
Frequently asked questions
How has CDP performed recently?
The CDP category shows notable activity, with crvUSD leading both the 7-day and 30-day periods as the top climber, displaying a strong rank delta of 42 and 38 respectively, and holding the score extreme for both maximum and minimum values. It also stands as the streak leader for 6 days in both windows. Frankencoin and Lets Get HAI also exhibited positive movement, consistently appearing as climbers across both timeframes. Conversely, RAI and Magic Internet Money (MIM) on Ethereum and Solana, alongside Iron Finance, were among the most significant fallers in the 7-day period. For the 30-day window, LiquidLoans and multiple Magic Internet Money tokens (MIM) experienced notable declines in rank. Overall, the category saw more tokens moving up than down in both the 7-day (32 up, 22 down) and 30-day (36 up, 18 down) windows, indicating a generally positive breadth in the sector.
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.