CDP

Monitor the key metrics of DeFi CDP protocols on BunnyBoard.

DeFi CDP (Collateralized Debt Position) protocols allow users to lock cryptocurrency assets as collateral to mint or borrow a stablecoin or other token.

Learn more about DeFi synthetic here: DeFi CDP

On BunnyBoard, we track these key metrics below:

Metric	Description
Total collateral	The total collateral metric represents the total value of assets that users have deposited into the protocol to back their loans
Active loans	The active loans metric represents the total value of loans currently issued by the protocol. This includes all the borrowed tokens that are backed by collateral deposits but excludes loans that have been repaid.
Borrow fees	The borrow fees metric represents the total fees charged to users for taking out loans. These fees are typically expressed as a percentage of the borrowed amount and can vary depending on the protocol's design.
Revenue	The revenue metric represents the total income generated by the protocol through fees associated with borrowing and maintaining loans.
Collateralization	It represents the ratio of collateral deposited to the active loans in a protocol. It ensures that loans are sufficiently backed to mitigate risks of default, especially given the volatile nature of cryptocurrencies.
Net active loans	The amount of active loans that changes during a specified tracking period (e.g., daily, weekly, etc.).
Net collateral deposit	The amount of collateral deposit that changes during a specified tracking period (e.g., daily, weekly, etc.)
Liquidation	When the value of collateral assets falls below a specific threshold, the protocol triggers a liquidation process. During this process, collateral assets are liquidated and loans are repaid to maintain the system's stability. BunnyBoard tracks these events, counting the total value of assets liquidated and repaid, providing insights into the protocol's risk management and collateral health.