Ebisu V1
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Protocol TVL
About Ebisu V1
(Deprecated) Ebisu allows users to draw dollar-denominated credit against LRTs via a decentralized stablecoin. ebUSD gives users access to a stable store of value while enabling yield generation through AVS rewards and Ethereum staking rewards. User can set and adjust their interest rate any time throughout the lifecycle of the loan.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Ebisu V1 codebase lineage and protocol family
Ebisu V1 is published as a versioned release inside the Ebisu 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.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Parent Protocol
Ebisu V1 is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
EbisuEbisu V1 Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- May 4, 2024Listed on DeFiLlama
Protocol Profile
Ebisu V1 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 Mode, Ethereum. The codebase has been independently audited (2 reports on file).
TVL Distribution by Chain
TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Ebisu V1 operates on 2 networks (Mode, Ethereum), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Mode, which holds 87% of all assets — other deployments are comparatively small. Price discovery relies on 2 oracle providers (RedStone, Chainlink), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale.
Official Resources & Links
Verified external resources for Ebisu V1 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other CDP protocols on Mantapex
Ebisu V1 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 $9.2B in deposits, giving you a frame of reference for whether Ebisu V1's own TVL is at the top, middle, or tail of the category.
Recent Ebisu V1 news
Latest reporting from major crypto news outlets covering Ebisu V1.
Related protocols
Other DeFi protocols connected to Ebisu V1 by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other CDP protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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