CDP (Collateralized Debt Position)
A smart-contract vault holding crypto collateral against which a user mints a stablecoin or borrows another asset. CDPs are central to protocols like MakerDAO, where DAI is created against locked collateral.
A smart-contract vault holding crypto collateral against which a user mints a stablecoin or borrows another asset. CDPs are central to protocols like MakerDAO, where DAI is created against locked collateral.