Collateralized Debt Positions

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Collateralized Debt Positions (CDPs) are a smart contract based systems allowing anyone to generate stablecoin by leveraging other asset as collateral.

MakerDAO's concept of a CDP is now one the most thoroughly tried and tested methods of decentralised lending, and the most widely adopted means of doing so today.

Sources

  1. https://makerdao.com/en/whitepaper/
  2. https://medium.com/block-journal/get-started-with-makerdao-cdps-and-dai-js-447c8f5eb1fa