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Mantapex
Collateralized Debt Token
CDTpeggedVAR
crypto-backed
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DeFiLlama peggedVAR·1 $US·0 $US mcap·1 chains

Profil du Stablecoin

Collateralized Debt Token (CDT) est un stablecoin collatéralisé en crypto : les utilisateurs frappent CDT en verrouillant d'autres crypto-actifs en surcollatéral, avec 0 $US actuellement en circulation sur 1 réseaux blockchain. L'ancrage à VAR est maintenu via des enchères de liquidation lorsque la valeur du collatéral tombe sous les seuils requis. Source de prix obtenue via defillama.

Ancré à
VAR
Modèle de stabilisation
Collatéralisé en crypto
Source de prix
defillama

À propos de Collateralized Debt Token (CDT)

Membrane is an experimental protocol that uses collateralized debt positions to synthesize credit demand into composable debt tokens that traverse the Cosmos in the form of $CDT.

Comment fonctionnent l'émission et le rachat

The mechanism is roughly analogous to a “Line of Credit”, wherein vault owners can deposit their collateral to receive a line of credit against it. This unique functionality enables a large amount of flexibility in otherwise rigid token positions.

Historique de l'Offre

Historique de stabilité de l'ancrage

As a crypto-collateralised stablecoin, Collateralized Debt Token (CDT) maintains its 1.00 VAR target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $1.0018 (+0.183%); short-term excursions are normal in this range are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.

Prix actuel
$1.0018
Écart par rapport au peg
+0.183%
Bande de stabilité
Dans ±0,5 %

Comment les stablecoins crypto-collateralised défendent leur ancrage

Crypto-collateralised stablecoins like this one over-collateralise positions — borrowers must lock more than $1.00 of crypto for each $1.00 of stablecoin minted. If collateral value falls below the required ratio, the position is automatically liquidated in an open Dutch auction. Arbitrageurs can always mint and redeem against the protocol's contracts, which keeps the secondary-market price tightly bounded around $1.00. The main residual risks are sudden crypto-collateral crashes that outpace the liquidation engine, and oracle failure.

Implications pratiques pour les détenteurs

  • Collateral volatility is the dominant risk: a fast drawdown in the collateral asset can outpace liquidation auctions and leave the protocol under-collateralised.
  • Oracle risk: the protocol relies on price feeds (typically Chainlink or a multi-oracle setup). Oracle manipulation or delay during volatile markets has historically caused peg excursions.
  • Governance risk: parameter changes (collateral types, liquidation ratios, debt ceilings) are decided by token-holder votes. Sudden governance attacks remain a tail risk.
  • On-chain transparency is a major advantage — collateral is verifiable 24/7 without trusting an attestor.
  • Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).

Peg-stability commentary is based on the mechanism class (crypto-collateralised) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.

Comparer Collateralized Debt Token à d'autres stablecoins crypto-collateralised

Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside Collateralized Debt Token (CDT). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.

StablecoinOffreMécanismeChaînes
Sky Dollar (USDS)8,4 Md $UScrypto-backed6
Ethena USDe (USDe)5,9 Md $UScrypto-backed23
Dai (DAI)4,6 Md $UScrypto-backed48
Falcon USD (USDf)1,6 Md $UScrypto-backed2
USDD (USDD)1,1 Md $UScrypto-backed4

Entre les classes de mécanismes

If you're researching CDT as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.

Stabilité du Peg

Distribution par Chaîne

Ressources et sources de données

Collateralized Debt Token (CDT) is tracked across major crypto data providers. The links below open Collateralized Debt Token (CDT)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.

Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.

Stablecoins associées

Stablecoins comparable to Collateralized Debt Token by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.

Avertissement de Risque

Les stablecoins comportent des risques, notamment la dé-peggisation, les changements réglementaires et le risque de contrepartie. Diversifiez toujours et faites vos propres recherches.