Best of · Optimism · Updated Nov 6, 2026

The best CDPs on Optimism in 2026

We track 11 CDPs that run on Optimism and have reviewed 10 of them in full. Our top pick is Reservoir Protocol. Each one is scored on security, ease of use, fees and features.

1
Reservoir Protocol
CDPs · Monad, Ethereum, Plasma +14
Reservoir is a stablecoin protocol built around the rUSD stablecoin, with yield-bearing versions srUSD and trUSD, and about $69.7 million in TVL. It is multichain and relies partly on real-world assets, so reserve and counterparty details deserve a close read.
Read the Reservoir Protocol review Visit Reservoir Protocol(opens in a new tab)
ScoreScore 7.0 out of 10
TVL $69.6M−2.3%
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
Decentralized Euro
CDPs · Ethereum, Polygon, Arbitrum +2
Decentralized Euro (dEURO) is a euro stablecoin minted against crypto collateral on Ethereum, with lending, savings and shareholder modules. It is a small, young protocol whose headline 10% yield depends on borrower demand.
Read the Decentralized Euro review Visit Decentralized Euro(opens in a new tab)
ScoreScore 6.5 out of 10
TVL $1.11M+8.8%
4
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 —
5
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%
6
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%
7
Lets Get HAI
CDPs · Optimism
Lets Get HAI is a CDP protocol on Optimism where users lock liquid staking tokens and Optimism-native assets to mint HAI, an overcollateralized stablecoin. It is a small, experimental protocol built on the Reflexer RAI design.
Read the Lets Get HAI review Visit Lets Get HAI(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $837K−1.0%
8
Ethos Reserve
CDPs · Optimism
Ethos Reserve is a CDP-style borrowing protocol on Optimism that issues ERN against BTC, ETH or OP collateral at 0% interest. It is a niche, small-TVL protocol, so check the details before using it.
Read the Ethos Reserve review
ScoreScore 5.5 out of 10
TVL $217K−3.5%
9
Gravita Protocol
CDPs · Ethereum, Optimism, Arbitrum +4
Gravita Protocol is an ETH-centric borrowing protocol where users lock liquid staking tokens and yield-bearing assets to mint the GRAI debt token. It is live on several chains but holds a small amount of value, so treat it as a niche, higher-risk CDP.
Read the Gravita Protocol review Visit Gravita Protocol(opens in a new tab)
ScoreScore 5.4 out of 10
TVL $363K−1.0%
10
Davos Protocol
CDPs · BNB Chain, Ethereum, Polygon +5
Davos Protocol is a CDP platform where users borrow the DUSD stablecoin against liquid staking and restaking tokens. It is a niche, low-TVL product that suits experienced DeFi users who accept the risk.
Read the Davos Protocol review
ScoreScore 5.0 out of 10
TVL $23.0K+0.7%
11
Interest Protocol
CDPs · Ethereum, Optimism
Interest Protocol is a borrowing and lending protocol whose USDi stablecoin is described as USDC-pegged and interest-bearing. Its documentation is being updated, leaving key details about current access and risk unclear.
Read the Interest Protocol review Visit Interest Protocol(opens in a new tab)
ScoreNot rated yet
TVL $1.42M+1.8%

CDPs on Optimism: the numbers

Tracked: 11
Reviewed: 11
Total TVL: $81.7M
Avg. score: 6.0/10

There are 11 CDPs on Optimism in the DappsAtlas index. Every one of them has a full review. Across the 10 with TVL data, the combined value locked is $81.7M, counting value on every chain they support. Reservoir Protocol dominates, with 85% of that total. The five largest make up 97% of the total; the median is $1.11M.

By value locked, the largest CDPs on Optimism are Reservoir Protocol ($69.6M), Abracadabra Spell ($4.46M) and QiDao ($2.10M). The best-rated is Reservoir Protocol with 7.0/10, followed by Angle (6.7) and Decentralized Euro (6.5). That makes Reservoir Protocol both the biggest and the best-rated. The 10 rated CDPs average 6.0/10, and none scores 8 or above yet.

Many also deploy elsewhere, most often on Ethereum (8), Arbitrum (7) and BNB Chain (5). All 9 with a confirmed status are active. In the past week, total value locked fell 2.2%. Decentralized Euro gained the most (+8.8%), while Angle dropped the most (−6.9%).

Largest by TVL

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 Optimism by TVL?

Reservoir Protocol is the largest CDP on Optimism by total value locked, with $69.6M across all the chains it supports. It is followed by Abracadabra Spell ($4.46M) and QiDao ($2.10M). TVL figures come from DefiLlama and change daily.

Which CDP on Optimism has the highest DappsAtlas score?

Reservoir Protocol has the highest score at 7.0/10, ahead of Angle (6.7) and Decentralized Euro (6.5). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many CDPs on Optimism has DappsAtlas reviewed?

DappsAtlas tracks 11 CDPs on Optimism. Of these, 11 have a full review and 10 report value locked, $81.7M in total, counting value on every chain they support.

Which CDPs on Optimism grew the most this week?

Among CDPs with at least $1M locked, Decentralized Euro had the biggest 7-day TVL gain (+8.8%) and Angle the biggest drop (−6.9%). Combined TVL moved −2.2% over the same seven days.

What is the average score for CDPs on Optimism?

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

Ranked list