Kolibri Review: What to Know Before Using It
Kolibri is a Tezos CDP stablecoin protocol. Its basic purpose is clear, but there is not enough detail to assess costs, safety or how to get started.
By the SkyBitcoins review team · Updated
At a glance
Kolibri key facts
| Type | Tezos CDP stablecoin protocol |
|---|---|
| Stablecoin | kUSD; soft-pegged to USD |
| Positions | Collateralized debt positions called Ovens |
| Token | kDAO |
| Chains | Tezos |
| Value locked | $6.51K+2.8% 7d |
| Audits | 2 audits listed |
| Updated |
Kolibri FAQs
What is Kolibri and how does it work?
Kolibri is a Tezos-based protocol that uses collateralized debt positions, called Ovens, to create kUSD, a USD-pegged stable-value asset. The peg is described as soft, so it is not guaranteed to stay exactly at one US dollar.
What is the kDAO token?
Kolibri’s listed token is kDAO. Its specific role and how to obtain or use it are not established here.
Is Kolibri safe, and what does it cost?
Two audits are listed, but their providers, dates, scope and findings are not clear. Fees, collateral requirements, supported collateral assets and instructions for using an Oven are also not published here, so check these details before committing funds.
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How we checked
Sources
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