Aqua Protocol and Delea, two TON-based decentralized stablecoin protocols, have achieved record levels of total value locked (TVL), drawing significant attention within the DeFi sector. Both projects, inspired by MakerDAO's model, function as collateral debt position (CDP) platforms, issuing stablecoins for use in decentralized finance.

According to DefiLlama, Aqua's TVL nearly doubled in December, reaching $4.1 million, while Delea, launched a month ago, saw its TVL rise to $5.4 million, with a notable 100% increase on Tuesday alone.

Aqua facilitates the minting of AquaUSD, a stablecoin pegged to the US dollar, by allowing deposits of Toncoin, liquid staking tokens, and USDT. On December 17, Aqua experienced record daily inflows, with over $720,000 in USDT deposited.

Delea, surpassing Aqua in TVL on Tuesday, became the largest CDP project on TON. It enables users to mint DONE, its stablecoin, using various tokens as collateral. Delea also recorded significant daily inflows, with over $2.4 million deposited.

Both protocols have entered the top 50 CDP projects by TVL, contributing to the fluctuating $10 billion total value in CDP protocols, with MakerDAO holding a dominant share.