Apps / Indigo / Alternatives

Alternatives to Indigo

8 comparable cdp apps to consider in place of Indigo, ranked by value held. The largest is USDD — but the right pick depends on your chain and risk tolerance.

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Ranked by value held

Comparable apps to Indigo

USDD Cdp

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Value held: $1.4 B

Avalon USDa Cdp

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Value held: $440 M

Liquity V1 Cdp

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Value held: $180 M Audits: 2

Crvusd Cdp

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Value held: $120 M Best yield: 0.64% Audits: 2

Reservoir Protocol Cdp

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Value held: $100 M Best yield: 4.65% Audits: 2

Curve Llamalend Cdp

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Value held: $71 M Best yield: 2.44%

Felix CDP Cdp

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Value held: $38 M Audits: 2

Gearbox Cdp

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Value held: $28 M Best yield: 0.78% Audits: 2

Frequently asked

Switching from Indigo — common questions

Why might I look for an alternative to Indigo? +

Common reasons: better rates on a sister app, fewer chain dependencies, smaller smart-contract surface, or simply diversification. Concentration risk in a single protocol — no matter how well-known — is a real category of loss.

Are alternatives to Indigo safer or riskier? +

Same category usually means similar risk shape but different code. A smaller alternative may have less audit history; a larger one may have more attack surface. Compare value held + audit count, and don't move funds to a protocol you can't quickly summarise.

Is it costly to switch from Indigo? +

You'll pay gas to exit and re-enter, plus any spread or unbonding delay. For LP and lending positions, accumulated rewards or withdrawal queues add friction. Calculate the break-even rate gap before moving.

How do I choose the right alternative? +

Match category first, then chain (you don't want to learn a new chain just for yield), then size (bigger usually safer), then rate. The 'best' alternative is the one whose risks you understand.