CDPs · Review
Delea Review 2026: TON-Backed $DONE
Delea is a TON-based collateralized debt position (CDP) service where users deposit TON to mint the $DONE stablecoin. Its basic purpose is clear, but key details about collateral rules, fees, and security are not published.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on Delea
Delea may suit TON holders who want to mint a stablecoin against their assets rather than sell them, and its basic CDP model is easy to understand. The main caveat is the lack of published operational detail: collateral requirements, liquidation rules, fees, and $DONE's stability mechanism are unspecified, and no audits are listed. Treat it as a higher-risk borrowing option until you have reviewed its current terms and can independently assess the contract and position risks.
Score breakdown
How Delea scores
- Security
- n/a
- Ease of use
- n/a
- Fees
- n/a
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Delea?
Delea is a TON-based CDP service. It lets users deposit TON and mint $DONE, an over-collateralized stablecoin, with the stated goal of accessing DeFi without selling their TON. Details such as collateral requirements, liquidation rules, fees, and the stablecoin's peg mechanism are not published.
How Delea works
A CDP lets a user lock crypto as collateral and borrow or mint another asset against it. Delea describes TON as the collateral and $DONE as the over-collateralized stablecoin users can mint. Over-collateralization means the collateral is intended to be worth more than the stablecoin issued against it.
The general CDP model can expose users to liquidation if collateral value falls too far relative to the debt. Delea does not publish its required collateral ratio, liquidation process, or $DONE stability and redemption mechanisms, so users should check the app's current terms before depositing.
2 features
Key features
01
TON-backed minting
Users deposit TON as collateral and mint $DONE, which Delea describes as over-collateralized.
02
TON DeFi access
The service is built for TON, with the stated aim of letting users access DeFi without selling their TON.
Pros and cons
What we like
- Lets users seek DeFi exposure without first selling their TON.
- Uses an over-collateralized model for minting $DONE, as described by the project.
- Focuses on the TON ecosystem.
Watch out for
- No audit details are listed for Delea.
- Collateral ratios, liquidation rules, and other borrowing terms are not published.
- Fees and the stability mechanism for $DONE are not specified.
Delea fees
Delea's fees are not published. Check the app for any borrowing, repayment, or transaction costs before confirming an action.
Is Delea safe?
No audits are listed for Delea. The project does not publish its collateral ratios, liquidation rules, or other key risk controls, so users cannot assess from these details how a position behaves during a sharp fall in TON's price.
Depositing TON into a CDP involves smart-contract and liquidation risk. Delea's custody arrangements and regulatory status are not specified. Review the app's current terms before depositing and avoid committing funds you cannot afford to lose.
5 steps
How to get started with Delea
- 1
Open Delea's app and confirm its current TON network and wallet requirements.
- 2
Review the available collateral rules, fees, and liquidation terms before connecting or depositing.
- 3
If you proceed, connect a compatible TON wallet and deposit only an amount you can afford to put at risk.
- 4
Review the $DONE minting terms and any applicable transaction costs before minting.
- 5
Monitor your position and make sure you understand how to repay or manage it; Delea's published liquidation details are not specified.
Who Delea is for
Delea is aimed at TON holders interested in minting $DONE against collateral to access DeFi without selling their TON. It is less suitable for anyone who needs clearly published borrowing terms, liquidation protections, or audit information before depositing.
Delea FAQs
What is Delea Finance?
Delea describes itself as a TON-based service for depositing TON and minting $DONE, an over-collateralized stablecoin. The specific collateral ratios and minting terms are not published.
What is the $DONE stablecoin?
$DONE is the stablecoin users can mint by depositing TON as collateral. Delea does not publish details here about its peg mechanism or redemption terms.
Is Delea safe to use?
Delea lists no audits, and its collateral and liquidation terms are not specified. Check the current terms in the app before depositing, and only use the service if you understand the risks of smart-contract borrowing.
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How we checked
Sources
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