Best of · Avalanche · Updated Nov 6, 2026

The best CDPs on Avalanche in 2026

We track 9 CDPs that run on Avalanche and have reviewed 8 of them in full. Our top pick is Parallel Protocol V3. Each one is scored on security, ease of use, fees and features.

1
Parallel Protocol V3
CDPs · Hyperliquid L1, Base, Ethereum +2
Parallel Protocol V3 is a small, multi-chain stablecoin protocol that issues USDp against yield-bearing collateral and pays savings yield through sUSDp. It is audited and transparent about reserves, but its size and track record are modest.
Read the Parallel Protocol V3 review Visit Parallel Protocol V3(opens in a new tab)
ScoreScore 6.8 out of 10
TVL $852K−1.1%
2
Angle
CDPs · Ethereum, Arbitrum, Polygon +5
Angle is an over-collateralized stablecoin protocol that mints the euro stablecoin agEUR, offers perpetuals and borrowing, and lets users earn yield. It is a niche, small-TVL protocol that suits users who want euro-denominated DeFi and accept smart-contract risk.
Read the Angle review Visit Angle(opens in a new tab)
ScoreScore 6.7 out of 10
TVL $1.61M−6.9%
3
Balanced
CDPs · Icon, Avalanche, Injective +7
Balanced is a DeFi app that began as a community-run protocol on ICON and is now a privately owned, multi-chain interface for trading, earning and borrowing. It has a long record of shipping, but the shift away from community ownership is the main thing to weigh.
Read the Balanced review Visit Balanced(opens in a new tab)
ScoreScore 6.5 out of 10
TVL —
4
Abracadabra Spell
CDPs · Ethereum, Arbitrum, BNB Chain +5
Abracadabra lets users deposit collateral and borrow its MIM stablecoin, with the SPELL token tied to the ecosystem. It runs on eight chains, but its TVL is modest and the smart-contract and peg risks are real.
Read the Abracadabra Spell review Visit Abracadabra Spell(opens in a new tab)
ScoreScore 6.0 out of 10
TVL $4.46M−2.1%
5
QiDao
CDPs · Polygon, Base, Ethereum +11
QiDao is a CDP protocol that lets users borrow stablecoins against crypto collateral without selling it, advertising 0% interest. It is multi-chain but small by TVL, and key details are not.
Read the QiDao review Visit QiDao(opens in a new tab)
ScoreScore 6.0 out of 10
TVL $2.10M−1.4%
6
xDollar
CDPs · IoTeX, Ethereum, Arbitrum +2
xDollar is a cross-chain collateralized borrowing platform that lets users mint its XIM stablecoin from vaults. Zero interest and a stated 110% minimum collateral ratio are notable, but collateral and security details need closer scrutiny.
Read the xDollar review
ScoreScore 5.5 out of 10
TVL $158K−6.9%
7
Yeti Finance
CDPs · Avalanche
Yeti Finance is an Avalanche borrowing protocol that lets users borrow against crypto, staked assets and LP tokens, with cross-margining and a stated 0% interest rate. Its high leverage limits and unconfirmed current operating status call for caution.
Read the Yeti Finance review Visit Yeti Finance(opens in a new tab)
ScoreScore 5.5 out of 10
TVL —
8
Button Wrappers
CDPs · Base, Ethereum, Avalanche +1
Button Wrappers is a small DeFi protocol listed for splitting crypto assets into senior and junior tranches. Its app now presents Buttonwood lending pools, and with low TVL and no listed audits it suits experienced users only.
Read the Button Wrappers review Visit Button Wrappers(opens in a new tab)
ScoreScore 5.0 out of 10
TVL $26.5K−1.5%
9
TopShelf
CDPs · BNB Chain, Avalanche, Fantom
TopShelf is described as a Liquity fork and is listed as a collateralized-debt-position protocol on BNB Chain, Avalanche, and Fantom. Its product terms and current status are difficult to verify.
Read the TopShelf review
ScoreNot rated yet
TVL $20.0K−4.0%

CDPs on Avalanche: the numbers

Tracked: 9
Reviewed: 9
Total TVL: $9.22M
Avg. score: 6.0/10

There are 9 CDPs on Avalanche in the DappsAtlas index. Every one of them has a full review. The 7 that report TVL hold $9.22M between them, counting value on every chain they support. Abracadabra Spell is the clear leader, holding 48% of it. The five largest make up 99% of the total; the median is $852K.

By value locked, the largest CDPs on Avalanche are Abracadabra Spell ($4.46M), QiDao ($2.10M) and Angle ($1.61M). The best-rated is Parallel Protocol V3 with 6.8/10, followed by Angle (6.7) and Balanced (6.5). The 8 rated CDPs average 6.0/10, and none scores 8 or above yet.

Many also deploy elsewhere, most often on Ethereum (6), Arbitrum (5) and Polygon (4). All 6 with a confirmed status are active. In the past week, total value locked fell 2.8%. Angle dropped the most (−6.9%).

Largest by TVL

1Abracadabra Spell$4.46M
2QiDao$2.10M
3Angle$1.61M
4Parallel Protocol V3$852K
5xDollar$158K

Highest rated

Method

How we ranked them

Reviewed dApps come first. Each DappsAtlas review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.

Guides

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Frequently asked questions

What is the largest CDP on Avalanche by TVL?

Abracadabra Spell is the largest CDP on Avalanche by total value locked, with $4.46M across all the chains it supports. It is followed by QiDao ($2.10M) and Angle ($1.61M). TVL figures come from DefiLlama and change daily.

Which CDP on Avalanche has the highest DappsAtlas score?

Parallel Protocol V3 has the highest score at 6.8/10, ahead of Angle (6.7) and Balanced (6.5). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many CDPs on Avalanche has DappsAtlas reviewed?

DappsAtlas tracks 9 CDPs on Avalanche. Of these, 9 have a full review and 7 report value locked, $9.22M in total, counting value on every chain they support.

Which CDPs on Avalanche grew the most this week?

Among CDPs with at least $1M locked, Angle the biggest drop (−6.9%). Combined TVL moved −2.8% over the same seven days.

What is the average score for CDPs on Avalanche?

The 8 rated CDPs on Avalanche average 6.0 out of 10. Of these, 0 score 8 or higher and 0 score below 5.

Ranked list