Best of · Avalanche · Updated
The best CDPs on Avalanche in 2026
We track 9 CDPs that run on Avalanche and have reviewed 6 of them in full. Our top pick is Parallel Protocol V3. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
Parallel Protocol V3
CDPs · Hyperliquid L1, Base, Ethereum +2
Parallel Protocol V3 lets you mint and hold USDp, then put it into sUSDp savings. Its advertised zero-fee routes and headline yield are appealing, but check the collateral, changing APY and contract risks before depositing.
ScoreScore 6.2 out of 10TVL $851K−1.2% - 2
Balanced
CDPs · Icon, Avalanche, Injective +7
Balanced is a cross-chain DeFi app for swaps, lending and bnUSD. Its borrowing charges are partly clear, but check swap costs and the safeguards around collateral before committing funds.
ScoreScore 5.7 out of 10TVL — - 3
QiDao
CDPs · Polygon, Base, Ethereum +11
QiDao lets you borrow MAI against crypto collateral without selling it. The stated 0% interest is only part of the cost: check collateral, liquidation and transaction terms before borrowing.
ScoreScore 5.3 out of 10TVL $2.10M−1.7% - 4
Angle
CDPs · Ethereum, Arbitrum, Polygon +5
Angle is a DeFi protocol for stablecoin swaps, borrowing and yield across several networks. Its published fee and security details are too limited to judge the cost or safety of a deposit confidently.
ScoreScore 5.3 out of 10TVL $1.61M−6.4% - 5
Abracadabra Spell
CDPs · Ethereum, Arbitrum, BNB Chain +5
Abracadabra lets you borrow its MIM stablecoin against interest-bearing crypto collateral. The borrowing model is clear, but current costs, collateral markets and audit details need checking before you deposit.
ScoreScore 4.5 out of 10TVL $4.45M−1.8% - 6
Button Wrappers
CDPs · Base, Ethereum, Avalanche +1
Buttonwood’s app offers a USDX rollover vault that routes deposits into lending pools. The basic flow is clear, but fees, audits and custody details are not, so check the pool terms before depositing.
ScoreScore 3.0 out of 10TVL $26.6K−0.9% - 7
xDollar
CDPs · IoTeX, Ethereum, Arbitrum +2
xDollar is described as a cross-chain stablecoin lending protocol using collateralized vaults. The product details are too limited to judge its costs, safety or how to use it confidently.
ScoreNot rated yetTVL $183K+13.4% - 8
TopShelf
CDPs · BNB Chain, Avalanche, Fantom
TopShelf is a cdps project on Bnb Chain, Avalanche and Fantom. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
ScoreNot rated yetTVL $20.1K−1.6% - 9
Yeti Finance
CDPs · Avalanche
Yeti Finance is described as an Avalanche borrowing protocol offering zero-interest loans against crypto collateral. Its current operating status and the practical terms of using it are unconfirmed, so verify the app and its risks before connecting a wallet.
ScoreNot rated yetTVL —
CDPs on Avalanche: the numbers
- Tracked
- 9
- Reviewed
- 9
- Total TVL
- $9.25M
- Avg. score
- 5.0/10
There are 9 CDPs on Avalanche in the SkyBitcoins index. Every one of them has a full review. The 7 that report TVL hold $9.25M 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 $851K.
By value locked, the largest CDPs on Avalanche are Abracadabra Spell ($4.45M), QiDao ($2.10M) and Angle ($1.61M). The best-rated is Parallel Protocol V3 with 6.2/10, followed by Balanced (5.7) and QiDao (5.3). The 6 rated CDPs average 5.0/10, and none scores 8 or above yet.
Many also deploy elsewhere, most often on Ethereum (6), Arbitrum (5) and Optimism (4). All 6 with a confirmed status are active. In the past week, total value locked fell 2.3%. Angle dropped the most (−6.4%).
Largest by TVL
- 1
Abracadabra Spell$4.45M
- 2
QiDao$2.10M
- 3
Angle$1.61M
- 4
Parallel Protocol V3$851K
- 5
xDollar$183K
Highest rated
- 1
- 2
Balanced5.7
- 3
- 4
- 5
Method
How we ranked them
Reviewed dApps come first. Each SkyBitcoins 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 $4.45M 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 SkyBitcoins score?
Parallel Protocol V3 has the highest score at 6.2/10, ahead of Balanced (5.7) and QiDao (5.3). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many CDPs on Avalanche has SkyBitcoins reviewed?
SkyBitcoins tracks 9 CDPs on Avalanche. Of these, 9 have a full review and 7 report value locked, $9.25M 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 (−6.4%). Combined TVL moved −2.3% over the same seven days.
What is the average score for CDPs on Avalanche?
The 6 rated CDPs on Avalanche average 5.0 out of 10. Of these, 0 score 8 or higher and 2 score below 5.