mStable CDP

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

mStable CDP is published as a versioned release inside the Dhedge protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

mStable CDP ist eine versionierte Variante einer größeren Protokollfamilie. Öffne das übergeordnete Protokoll für den kombinierten TVL und alle Geschwister-Versionen.

mStable CDP is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed across 2 chains, including Ethereum, Polygon. The codebase has been independently audited (1 report on file).

mStable CDP operates on 2 networks (Ethereum, Polygon), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Ethereum, which holds 90% of all assets — other deployments are comparatively small. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for mStable CDP — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

mStable CDP is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure 9,2 Mrd. $ in deposits, giving you a frame of reference for whether mStable CDP's own TVL is at the top, middle, or tail of the category.

Sky Lending

TVL 7,4 Mrd. $ · 24h -0.04%

USDD

TVL 563,6 Mio. $ · 24h -12.33%

Lista CDP

TVL 422,5 Mio. $ · 24h -0.11%

Avalon USDa

TVL 403,7 Mio. $ · 24h -0.57%

Liquity V1

TVL 180,4 Mio. $ · 24h +0.29%

Reservoir Protocol

TVL 166,9 Mio. $ · 24h +15.44%