Collateralized Debt Position (CDP)
Position de dette garantie par des actifs.
CDPs are the core of decentralized lending (like MakerDAO). A user deposits collateral (e.g., ETH) that is worth more than the loan they are taking out. If the value of the collateral drops too much, the position is liquidated to pay back the debt.
graph LR
Center["Collateralized Debt Position (CDP)"]:::main
Pre_smart_contract["smart-contract"]:::pre --> Center
click Pre_smart_contract "/terms/smart-contract"
Pre_collateral["collateral"]:::pre --> Center
click Pre_collateral "/terms/collateral"
Rel_dns_protocol["dns-protocol"]:::related -.-> Center
click Rel_dns_protocol "/terms/dns-protocol"
Rel_liquidity_pool["liquidity-pool"]:::related -.-> Center
click Rel_liquidity_pool "/terms/liquidity-pool"
Rel_time_lock_contract["time-lock-contract"]:::related -.-> Center
click Rel_time_lock_contract "/terms/time-lock-contract"
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🧒 Explique-moi comme si j'avais 5 ans
It's like a pawn shop. You give them your gold watch (ETH) as 'backup', and they give you cash ([Stablecoins](/fr/terms/stablecoins)). If you pay it back, you get the watch back. If the gold prices crash, they sell the watch to make sure they get their money back.
🤓 Expert Deep Dive
Involves 'Over-Collateralization'. Key metrics include the Collateralization Ratio and Liquidation Price. CDPs are used to create decentralized stablecoins like DAI.
🔗 Termes associés
Prérequis: