MakerDAO Alternatives: Similar CDP Protocols Compared

MakerDAO carries a risk grade of B- (31/100) and ranks #7 of 27 rated CDP protocols. Below are 26 CDP protocols ranked by safety — from safest to riskiest. 6 of these protocols score lower (safer) than MakerDAO, and 20 score higher (riskier).

The single safest alternative is Liquity V1 (B+, 20/100 — 11 points safer than MakerDAO). See the MakerDAO vs Liquity V1 comparison to weigh the tradeoffs.

Current Protocol

CDP

Risk

B-

Value

B

TVL

$5.7B

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

Liquity V1Safer

B+

B

$156M

2

B

D-

$54M

3

Sovryn ZeroSafer

B

D

$21M

4

FrankencoinSafer

B-

D+

$69M

5

B-

D

$47M

6

SkySafer

B-

A-

$5.7B

7

B-

D+

$8M

8

Reservoir Protocol

B-

C+

$54M

9

B-

D

$14M

10

B-

C+

$98M

11

B-

D-

$364,000

12

Bucket Protocol V2

B-

D+

$11M

13

C+

C-

$402M

14

C+

D

$92M

15

C+

D-

$20M

16

Djed Stablecoin

C+

D+

$8M

17

C+

C-

$410M

18

C+

D

$23M

19

C+

D+

$23M

20

C+

D-

$11M

21

C

D

$22,000

22

C

C-

$36M

23

C

D

$2M

24

C

D

$13M

25

C-

B+

$5.7B

26

C-

B-

$54M

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