Manage Collateralized Debt Positions to mint synthetic assets (iUSD, iBTC, iETH, iSOL).
Capabilities
- Open CDPs with ADA collateral to mint iAssets
- Deposit/withdraw collateral to adjust collateral ratio
- Mint more iAssets or burn to reduce debt
- Close CDPs (return all collateral, burn all debt)
- Analyze CDP health and liquidation risk
Synthetic Assets (iAssets)
| Asset | Decimals | Description |
|---|---|---|
| iUSD | 6 | Synthetic US Dollar |
| iBTC | 8 | Synthetic Bitcoin |
| iETH | 18 | Synthetic Ethereum |
| iSOL | 9 | Synthetic Solana |
Scripts
View CDPs
node scripts/my-cdps.js --owner <bech32>
node scripts/cdp-health.js --tx-hash <hash> --output-index <idx>
Open CDP
node scripts/open-cdp.js --address <bech32> --asset iUSD --collateral 5000000000
Collateral in lovelace (5000000000 = 5000 ADA).
Manage CDP
node scripts/manage-cdp.js --address <bech32> --action deposit|withdraw|mint|burn|close --tx-hash <hash> --output-index <idx> [--amount <lovelace>]
Asset Prices
node scripts/prices.js
Key Concepts
- Collateral Ratio = (Collateral ADA x ADA Price) / (Minted iAssets x iAsset Price) x 100%
- Minimum ratio typically 150% — below this, CDP is liquidatable
- Healthy: >150% of min ratio | Warning: 100-150% | Danger: <100%
- All amounts in smallest units (lovelace for ADA, base units for iAssets)
Safety Rules
- Always show collateral ratio before and after any operation
- Warn if ratio would drop below 200% (buffer above 150% min)
- Show liquidation price when opening or adjusting
- Require confirmation before mint, withdraw, or close operations