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CDP profile facts

Enosys Loans CDP (CDP) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.

Collateral
FXRP, wFLR, sFLR, and stXRP deposited into Enosys Loans CDP positions on Flare, with collateral priced by the Flare Time Series Oracle (FTSO)
Peg mechanism
Liquity V2 friendly fork: an overcollateralized CDP with user-set borrow interest rates, a Stability Pool that absorbs liquidations, and automated redemptions against the lowest-rate positions when CDP trades below its $1 peg; collateral is priced by the Flare Time Series Oracle (FTSO)
Jurisdiction
Not disclosed in the static profile.
Proof of reserves
No proof-of-reserves entry in the static profile.
Contracts
1 deployment tracked across Flare.

Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.

CDP quick answers

5
What is Enosys Loans CDP (CDP)?

CDP is Enosys's overcollateralized dollar stablecoin on Flare, minted from Flare-ecosystem collateral via Enosys Loans CDP vaults. The static profile records its US Dollar peg mechanism as: Liquity V2 friendly fork: an overcollateralized CDP with user-set borrow interest rates, a Stability Pool that absorbs liquidations, and automated redemptions against the lowest-rate positions when CDP trades below its $1 peg; collateral is priced by the Flare Time Series Oracle (FTSO).

Is CDP safe?

As of Nov 8, 2026, Pharos grades CDP C+ (63/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

What backs CDP?

Pharos records CDP's reserves as of Jul 19, 2026 as 71.7% FXRP, 16.3% WFLR, 8.2% stXRP, and 1 smaller holding. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.

Can CDP be frozen or blacklisted?

Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.

How do you redeem CDP?

Under the route Pharos reviewed on May 13, 2026, any holder can redeem CDP for FXRP, WFLR, STXRP, and 1 other assets. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.