The current real-time price of CDP is $0.9748. In the past 24 hours, CDP has traded between $0.9672 and $0.9901, showing strong market activity. The all-time high of CDP is $1.031, and the all-time low is $0.9672.
From a short-term perspective, the price change of CDP over the past 1 hour is , over the past 24 hours is -0.01%, and over the past 7 days is -0.11%. These figures provide a quick overview of the latest price trends and market dynamics of CDP on LBank.-2.47%
The live price of CDP today is $0.9748, with a current market cap of $5.511M. The 24-hour trading volume is 374K. The price of CDP to USD is updated in real time.
Before deciding whether to buy or sell CDP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CDP technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CDP.
How much will CDP be worth tomorrow, next week, or next month in ? What about your CDP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CDP Price Prediction
To learn more about CDP, consider exploring other resources such as the whitepaper, official website, and other published information:
The CDP Dollar is the native stablecoin of the Enosys Loans protocol on the Flare Network. To mint it, users must open a 'Trove' by depositing collateral. Currently, the protocol supports FXRP (bridged XRP) and wFLR (Wrapped Flare). Users must ensure they meet the minimum debt requirement to maintain system stability and cover the necessary liquidation reserves. For XRP holders, assets must first be wrapped into FXRP via the FAsset system or a bridge before they can be utilized as collateral.
Liquidation and redemption serve different purposes. Liquidation occurs when a user's collateral ratio falls too low, often due to market volatility; the collateral is then used to pay off the debt. Redemption is a stability mechanism used to maintain the stablecoin peg. If the CDP Dollar trades below its target price, anyone can redeem it for collateral from the system. Importantly, the system sources this collateral from the loans with the lowest interest rates first, regardless of their collateral ratio.
Enosys Loans features a unique mechanism where users can choose their own APR. While a lower rate reduces borrowing costs, it increases 'Redemption Risk.' Because the protocol sources collateral for redemptions from loans with the lowest interest rates first, setting a higher rate acts as a defensive measure. It moves the user's Trove further back in the queue, protecting it from being closed by the system's peg-maintenance operations.
Users can generate yield by depositing their minted CDP Dollars into the Stability Pool. This pool provides 'real yield' derived from protocol activities, including minting fees and interest payments. Additionally, participants receive 'Liquidation Rewards,' which are portions of discounted collateral from liquidated Troves. Early participants may also be eligible for extra incentives, such as APS governance tokens and rFLR rewards.
The protocol currently supports FXRP and wFLR as collateral assets. The roadmap includes plans to expand this list to include stXRP (staked XRP) and FBTC (bridged Bitcoin). These additions will allow users to maintain exposure to their underlying assets and potentially earn staking rewards while simultaneously using those assets as collateral to mint stablecoins and access liquidity.
Each token plays a specific role. CDP is the stablecoin and the primary product used for borrowing. APS (Apsis) is the primary governance token, which users can earn as a reward for participating in the Stability Pool or providing liquidity on decentralized exchanges. HLN (Helion) serves as a secondary governance token; holding it can provide users with various benefits, such as reward multipliers or reductions in protocol fees.
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