The top CDP projects, ranked by prominence — TVL, market cap, funding, and on-chain activity.
Level
Decentralized perpetual exchange and yield protocol
Parallel
A stablecoin protocol that fails clean
River
Cross-chain stablecoin without bridging
USDD
Decentralized stablecoin backed by crypto reserves
Magma Finance
Smarter liquidity for Sui DeFi.
Liquity
0% interest loans against Ether collateral
Frankencoin
Oracle-free Swiss franc stablecoin with yield
Fluid Protocol
Zero-interest loans, unstoppable stablecoin liquidity.
Kava
The best financial infrastructure is invisible.
Handle.fi
Decentralised multi-currency stablecoin protocol
Sovryn
Zero-interest loans against your Bitcoin
defi.money
defunctCross-chain stablecoin with automated loan protection
Summer.fi
Automated DeFi strategies for your assets
Kite
Borrow against LSTs for a decentralized stablecoin
Nerite
Governance-minimized stablecoin on Arbitrum
Avalon
Bitcoin infrastructure for on-chain credit and yield
Angle Protocol
defunctCapital-efficient stablecoin protocol governed by DAO
Qi Dao
Borrow stablecoins, keep your crypto.
Yala
Unlocking Bitcoin's DeFi potential
DEUS Finance
Decentralized derivatives marketplace for synthetic assets
Indigo Protocol
Autonomous synthetics for real-world assets on Cardano
Liquity V1
0% interest loans backed by ETH, forever immutable.
Liquity V2
Borrow on your terms — set your own interest rate.
Hubble
Earn yield on collateral, mint stable USDH
Mars Ecosystem
Building the central bank and reserve currency of DeFi
Decentralized Euro
The first fully decentralized Euro stablecoin
BitSmiley
BTC-native stablecoins, safe and sovereign.