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Mantapex
Phase
Phase
CASHCDP
Audited
DeFiLlama CDP·$88.6 TVL·-0.16% 1h·+0.35% 24h·+10.34% 7d·1 chains

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Protocol TVL

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Fees & Revenue

24h Fees
$74
77.37%
7d Fees
$1.6K
30d Fees
$4.7K
All-Time Fees
$2.3M

Chain Fees Distribution

1 Chains
$244.00 Total Fees

Revenue Breakdown

$74.00
24h Fees
View Full Details

About Phase

Phase aims to be a liquidity platform, allowing users to borrow a rock-solid stablecoin while earning yield at the same time. Using your collateral, even while borrowing CASH, you can earn interest.

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

How Phase's TVL is measured

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Counts the TVL of the Phase vaults. Counts total borrows. Counts $CASH in the bond.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Security & Audits

Phase Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Oct 23, 2023
    Listed on DeFiLlama

Protocol Profile

Phase 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 on Base. The codebase has been independently audited (2 reports on file).

TVL Distribution by Chain

Base
$88.6(100.0%)

Supported Chains

Base

Protocol Footprint

Phase is a single-chain protocol, deployed exclusively on Base — this concentrates execution risk but simplifies the trust model. 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 Phase — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Project Website
phase.cash
Twitter / X — @0xPhase
twitter.com
Source Code on GitHub
github.com

Other CDP protocols on Mantapex

Phase 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 Phase's own TVL is at the top, middle, or tail of the category.

Sky Lending
Sky Lending
TVL $7.4B · 24h -0.04%
USDD
USDD
TVL $563.6M · 24h -12.33%
Lista CDP
Lista CDP
TVL $422.5M · 24h -0.11%
Avalon USDa
Avalon USDa
TVL $403.7M · 24h -0.57%
Liquity V1
Liquity V1
TVL $180.4M · 24h +0.29%
Reservoir Protocol
Reservoir Protocol
TVL $166.9M · 24h +15.44%
Browse all CDP protocols on Mantapex

Recent Phase news

Latest reporting from major crypto news outlets covering Phase.

Related protocols

Other DeFi protocols connected to Phase by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

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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