Compx, a DeFi project on Algorand, has seen a significant surge in its total value locked (TVL) following the launch of its Collateral Debt Position (CDP) product. According to DefiLlama, Compx's TVL increased by over 900% in the last 48 hours, reaching a record $4.5 million. This growth is largely attributed to the new CDP product, which allows users to deposit various tokens as collateral to mint xUSD, an Algorand-based stablecoin. The CDP's TVL initially launched with $3.45 million and has since grown to over $3.9 million. This development marks a notable milestone for Compx and the Algorand ecosystem.