description
Membrane is an experimental protocol that uses collateralized debt positions to synthesize credit demand into composable debt tokens that traverse the Cosmos in the form of $CDT.

What is Membrane?

{% content-ref url="protocol/overview/" %} overview {% endcontent-ref %}

{% content-ref url="protocol/liquidation-mechanism.md" %} liquidation-mechanism.md {% endcontent-ref %}

{% content-ref url="protocol/risk-management.md" %} risk-management.md {% endcontent-ref %}

{% content-ref url="protocol/mbrn-tokenomics.md" %} mbrn-tokenomics.md {% endcontent-ref %}

Unique User Interactions

• Bundles enable users to create low-volatility or diversified collateral risk profiles
• Self liquidate with CDT held in the Stability Pool
• Collateral redemptions using CDT