DescriptionMembrane is an experimental protocol that uses collateralized debt positions to synthesize credit demand into composable debt tokens that traverse the Cosmos in the form of $CDT.
Category:crypto-backed
Minting and RedemptionThe mechanism is roughly analogous to a “Line of Credit”, wherein vault owners can deposit their collateral to receive a line of credit against it. This unique functionality enables a large amount of flexibility in otherwise rigid token positions.
Collateralized Debt Token (CDT)