CDP
CDP: Collateralized Debt Positions allow users to borrow cryptocurrencies against their crypto collateral.
Top gainers this week
Top losers this week
Down 9 places this week, $BANK is losing steam
$IMF -5 places this week
$DEUS sank to a 19 gem score this week
A standout this week: $crvUSD reached a gem score of 73
11 tokens rose and 27 fell this week
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
magic internet moneyMIM | $0.0001056 | 0.0% | 555.6% | 555.6% | $105,640 | $0 | 37.74 | 1,145 | 0.3269 | – | |
LiquidLoansLOAN | $0.06211 | 2.0% | 38.8% | 43.1% | $1.15M | $10,696 | 68.08 | 8,360 | 0.3238 | – | |
ReflexerFLX | $1.291 | -0.7% | 17.2% | 24.8% | $1.07M | $1,169 | 29.96 | – | – | – | |
RampRAMP | $0.02016 | 12.5% | 15.5% | 24.4% | $2.13M | $56 | 27.99 | Lending+1 | – | – | – |
BitStable FinanceBSSB | $0.006235 | 0.0% | 0.4% | 20.1% | $81,345 | $0 | 25.35 | – | – | – | |
DEUS FinanceDEUS | $2.701 | -0.8% | -0.2% | 7.8% | $466,598 | $0 | 18.63 | – | – | – | |
DEUS FinanceDEUS | $2.701 | -0.8% | -0.2% | 7.8% | $0 | $0 | 18.63 | Utility+2 | – | – | 0 |
MakerMKR | $1,462 | 0.1% | 0.8% | 7.3% | $132.29M | $74,157 | 69.83 | 75,343 | 0.205 | – | |
Sky MoneySKY | $0.0632 | 0.2% | 0.6% | 6.7% | $1.48B | $697,302 | 67.92 | 14,445 | 0.3076 | – | |
Float ProtocolBANK | $0.1333 | -0.5% | 6.5% | 6.1% | $18,085 | $11.23 | 27.41 | – | – | – | |
Threshold thUSDT | $0.003688 | -0.3% | -9.3% | 4.2% | $41.09M | $14,669 | 64.92 | 9,562 | 0.3965 | 9,713 | |
Lista DAOLISTA | $0.04982 | 3.6% | 3.1% | 2.7% | $50.20M | $9,979 | 70.73 | 143,140 | 0.251 | – | |
HubbleHBB | $0.001713 | -0.2% | 0.9% | 1.5% | $119,134 | $2.091 | 57.92 | 2,907 | 0.4566 | – | |
BOLD StablecoinBOLD | $1.001 | -0.0% | 0.0% | 0.2% | $30.24M | $704,168 | 63.13 | 934 | 0.3617 | – | |
Inverse Finance FiRMINV | $10.49 | -0.5% | -0.9% | 0.2% | $7.76M | $2,944 | 31.73 | – | – | 1.274 | |
Gho TokenGHO | $0.999 | 0.0% | 0.0% | 0.0% | $645.90M | $15,195 | 65.56 | 10,302 | 0.2492 | – | |
Curve.Fi USD StablecoincrvUSD | $0.9994 | -0.0% | -0.0% | 0.0% | $212.92M | $58,990 | 66.01 | 1,220 | 0.5197 | – | |
Curve.Fi USD StablecoincrvUSD | $0.9994 | -0.0% | -0.0% | 0.0% | $212.61M | $16.21M | 73.01 | USD+1 | 93,902 | 0.2639 | – |
LIQRLIQR | $0 | 0.0% | 0.0% | 0.0% | $49,879 | $0 | 36.32 | Yield+2 | 147 | 0 | – |
3A DAOA3A | $0.0001218 | 0.0% | 0.0% | 0.0% | $25,979 | $0 | 26.94 | – | – | – | |
AUSDAUSD | $0.9997 | -0.0% | -0.0% | -0.0% | $199.84M | $1.31M | 63.2 | 911 | 0.37 | – | |
FrankencoinZCHF | $1.23 | -0.2% | -0.9% | -0.2% | $42.10M | $25,625 | 50.5 | CDP+1 | 273 | 0 | – |
Alchemix USDalUSD | $0.9407 | 0.1% | -1.9% | -1.5% | $10.02M | $395.65 | 61.43 | 4,167 | 0.3247 | – | |
Iron FinanceIRON | $0.052 | 0.0% | -2.0% | -2.0% | $2,281 | $0 | 25.33 | – | – | – | |
PrismaLRTPRISMA | $0.007734 | -1.5% | -0.5% | -3.6% | $756,473 | $0 | 25.06 | – | – | – |
Frequently asked questions
How has CDP performed recently?
The CDP category has been quiet over both the 7-day and 30-day periods, with no tokens experiencing upward or downward breadth, nor any identified as climbers, fallers, streak leaders, or having extreme scores. No tokens entered or exited the top K during these timeframes.
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.