MakerDAO Alternatives: Similar CDP Protocols Compared

MakerDAO carries a risk grade of B (26/100) and ranks #2 of 27 rated CDP protocols. Below are 26 CDP protocols ranked by safety — from safest to riskiest. 1 of these protocols score lower (safer) than MakerDAO, and 25 score higher (riskier).

The single safest alternative is Liquity V1 (B, 21/100 — 5 points safer than MakerDAO). See the MakerDAO vs Liquity V1 comparison to weigh the tradeoffs.

Current Protocol

CDP

Risk

B

Value

B

TVL

$6.2B

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

Liquity V1Safer

B

B

$140M

2

B

D+

$68M

3

B

D

$17M

4

B-

D+

$4M

5

B-

D

$30M

6

B-

A-

$5.7B

7

Bucket Protocol V2

B-

D+

$7M

8

B-

D

$12M

9

B-

D-

$9M

10

Reservoir Protocol

B-

C+

$31M

11

B-

D

$80M

12

C+

D-

$321,000

13

C+

C+

$71M

14

C+

C

$313M

15

Djed Stablecoin

C+

D+

$5M

16

C+

D-

$16M

17

C+

D-

$7M

18

C+

D

$19M

19

C+

D+

$26M

20

C+

C-

$3

21

C+

C-

$36M

22

C

D

$22,000

23

C

D

$2M

24

C

D

$11M

25

C-

B-

$54M

26

C-

B+

$5.7B

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