24h Change+2.3%
All Time HighMay 12, 2021$656.49
All Time LowSep 2, 2025$29.12
Market Cap$3.62m
Fully Diluted Valuation$3.62m
Circ. Supply98,417 DPI
CEX Volume$0
DEX Volume$19,958
How much debt can be issued against DPI as collateral across lending protocols.
Maximum possible exposure to DPI
$4,183
$0 (max additional borrows against DPI) + $4,183 (bad debt if DPI was hacked now)
Aave V3
$4,183 at-risk exposure = $4,183 bad debt if hacked + $0 additional borrowable against DPI
Showing collateral exposure for DPI on Polygon. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for DPI as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
DPI0x85955046df4668e1dd369d2de9f3aeb98dd2a369 | $0 | $4,183 |
Risk-management actions published about DPI by tracked risk managers and governance contributors, newest first.
DPI borrowers and suppliers show inelasticity, with borrows not prompting supply increases or vice versa on V3 Polygon. Increasing the reserve factor opportunistically boosts protocol revenue with only a slight expected reduction in supply.
Recent market events and liquidity contraction have heightened volatility risks for DPI, prompting a disable of borrowing to reduce exposure while allowing deposits.
Aave V2 Polygon lacks key risk controls like supply caps and isolation mode present in V3, and current market volatility warrants freezing the DPI market out of caution to promote migration to V3.
Current market volatility combined with Aave V2's lack of advanced risk controls like supply caps and isolation mode heightens exposure risks for DPI, prompting a temporary freeze to derisk the protocol ahead of V3 migration.
DPI, as a low liquidity collateral asset, faces imminent risk from short squeezes that could precipitate bad debt, necessitating a freeze to protect the protocol.
Switching the price oracle for DPI from Uniswap v3 TWAP to Chainlink mitigates the reduced cost of manipulation attacks post-Merge, where PoS enables block proposers to more easily manipulate spot prices without arbitrage risks.
Specific Q1 findings on DPI's collateral behavior and market stress prompted conservative tweaks to limit exposure, despite low overall protocol insolvencies.
DPI saw a slight 5% volatility increase and 60% drop in weekly trading volume, yet agent-based simulations indicate lower liquidation bonus optimizes borrow usage without elevating insolvency risks beyond moderate tolerance.
DPI's volatility decreased 19.5% over the period while trading volume rose 4.9%; simulations indicate lowering the liquidation bonus optimizes liquidator incentives and capital efficiency without elevating insolvency risk.
DPI borrowing was disabled after the Cream exploit as a precaution, but it was not vulnerable like xSUSHI because Index Coop's internal accounting prevents underlying assets from being donated to inflate its value, ensuring the Chainlink oracle cannot be manipulated. Re-enabling borrowing now that the exploit's mechanics are understood confirms DPI's safety for use.
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Tracking 4 pools, average APY 1.89%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabDPI-WETH | $591,585 | 3.33% | 3.33% | 1.27% | |||||
| open in new tabDPI-ETH | $97,908 | 0% | 0% | ||||||
| open in new tabDPI-WETH0.3% | $36,543 | 0.72% | 0.72% | 0.39% | |||||
| open in new tabDPI-WETH | $19,908 | 1.61% | 1.61% | 0.75% |
