Apps / Dossier · Stablecoin debt · № 1354

Stablecoin debt

Kolibri

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

Visit official site ↗ @HoverEng Hover-Labs

Total value held · all chains

$1.08 Million

▲ +6.85% this week

Chains

Live yield options

Best reward rate

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Custody

You hold the keys

Earn here · live yield options

Yields available on Kolibri

Kolibri doesn't currently expose live yield options we track. Visit the official site to see what they offer right now.

How it works

Using Kolibri in three steps

1

Lock up collateral

Deposit a token you trust (often ETH or BTC) as collateral.
2

Mint a stablecoin

Borrow a stablecoin against your collateral. You keep upside on the original token, walk away with cash.
3

Watch the ratio

If your collateral falls in price, your loan can be liquidated. Keep a safety buffer or top up.

What can go wrong

Honest risks

Liquidation: If your collateral falls in price below the safety threshold, part or all of it gets sold to repay your loan — usually at a penalty.
Stablecoin de-peg: The stablecoin you mint can briefly trade below $1, especially during volatile markets.

Audit trail

2 public audits on file

Audit report №1 ↗

Read up

About Kolibri

Kolibri is an Tezos based stablecoin built on Collateralized Debt Positions (CDPs) known as Ovens. Kolibri uses CDPs (referred to as an Oven) to collateralize a soft pegged USD-stable value asset, kUSD.

Description provided by the protocol team. Always verify directly before depositing funds.

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Frequently asked

What people ask about Kolibri

What is Kolibri?

Kolibri is an on-chain app. Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Is using Kolibri safe?

Kolibri has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.

How much can I earn?

Right now yields on Kolibri run varies by option per year, depending on which pool you pick and which chain you use. Rates change with demand.

Which chains does it run on?

Kolibri runs on 0 chains, including . Each chain has its own fees and speeds — pick the one you already use.

Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.

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