DeFi always surfaces APY, but risks don’t get the same treatment.
That’s why risk rating agencies are now developing their methodologies for the blockchain era.
How does Credora compare to others?
Same curator, same denomination, A+ collateral in every material position. Three vaults, one rating.
@SteakhouseFi USDC vaults on @Morpho, $94.2M:
- Confidential Prime: A
- High Yield: A
- Ethena x Steakhouse: A
Probability of Significant Loss (PSL): 0.200%, 0.292%, 0.333%.
Same curator, same product line, same 7-day timelock. Three different ratings.
@SteakhouseFi Prime vaults on @Morpho, $200M+ combined TVL:
- Prime USDC: A
- Prime ETH: A-
- Prime USDT: B+
Probability of Significant Loss (PSL) runs 0.26% to 0.96%.
Nine out of August’s eleven biggest DeFi exploits checked out against our risk assessment methodology. The rest were out of scope.
Here’s what happened, and how it maps against the Credora framework 🧵