Dai 1.0

Introduction - Stability - Core API - Dai CLI

Collateralized Debt

Pooled collateral can be locked up and used to borrow dai via records known as CDPs (Collateralized Debt Positions).

Tub - a CDP Record Engine

The tub is the CDP record system. An individual CDP is called a cup (i.e. a small container), and has:

  • lad: an owner
  • ink: locked SKR collateral
  • art: debt

It is crucial to know whether a CDP is well collateralised or not: safe(cup) returns a boolean indicating this.

safe aggregates price information from the vox and the tub and compares the reference value of a CDPs debt and collateral.

None of the tub acts are possible if they would transition a CDP to unsafe.