mStable CDP
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Protocol TVL
About mStable CDP
mStable unites stablecoins, lending and swapping into one standard.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
mStable CDP codebase lineage and protocol family
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.
Security & Audits
Parent Protocol
mStable CDP is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
DhedgeProtocol Profile
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).
TVL Distribution by Chain
TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
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.
Official Resources & Links
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.
Other CDP protocols on Mantapex
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 $9.2B 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.
Recent mStable CDP news
Latest reporting from major crypto news outlets covering mStable CDP.
- Coindesk
DeFi Exchange mStable Mulls Over Acquisition, Merger Offers
MStable's community will vote this month on whether to accept one of the offers, or sunset its struggling stablecoin investments service.
- BeInCrypto
DeFi Protocol mStable Launches on Layer 2 Polygon Network
mStable made the announcement in a blog post on April 27. It added that it chose the Polygon platform, formerly known as Matic.
- Invezz
mStable goes live on Polygon: DeFi users can now expect low fees
In a bid to lure DeFi users with little or no transaction fees, mStable has announced a second-layer solution integration with Polygon (MATIC). Now, the mStable feature is…
- Cointelegraph
mStable launches on Polygon, hopes to attract defi users 'priced out' of ETH
mStable has launched its savings account, stablecoin, and swap services on Polygon to reduce fees.
- Crypto Daily
mStable And Bancor Collaborate To Raise MTA Pool's Co-Investment Limit To 1M BNT
mStable, the autonomous and non-custodial infrastructure provider, and Bancor, the blockchain protocol, are entering a collaboration with a proposal to increase their…
- Crypto Daily
mStable And Synthetix Collaborate To Improve mUSD Bonding Curve
The mStable and ProtocolDAO teams had started the up-gradation of mUSD's binding curve, as described in MIP7 (mAsset AMM Upgrade) as authored by Onur Solmaz. The process involved…
- CryptoSlate
Is mStable truly innovative?
New protocols are constantly coming online in DeFi, with protocols using stablecoins being the most common. The post Is mStable truly innovative?
- CryptoSlate
Is mStable truly innovative or simply redundant?
New protocols are constantly coming online in DeFi, with protocols using stablecoins being the most common. The post Is mStable truly innovative or simply redundant?
Related protocols
Other DeFi protocols connected to mStable CDP 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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