Analytics · Credora Index
Credora Index
An APY-to-risk benchmark for DeFi credit.
The Credora Index tracks weighted-average APY across every rating band, A+ through D, so you can tell whether a yield is compensation for risk the market has priced or default risk it has not.
- 01
Yield by rating band
Weighted-average supply APY for every Credora band, A+ through D, updated continuously. See where the market is pricing risk.
- 02
Alpha vs. unpriced risk
Compare your portfolio yield against the index band it belongs to. Earning less than the A+ benchmark means taking on excess risk without compensation.
- 03
Historical spread evolution
Track how the yield spread between high- and low-rated markets compresses and widens over time. The signal is in the dispersion.
- 04
Risk-adjusted benchmarking
APY adjusted for PSL. Raw yield without default probability is an incomplete comparison.
Early access
Get notified at launch
No commitment. First access when the index goes live.
The data behind it
Yield by rating band, today
Net APY across rated vaults, band by band: the spread the index will track over time.
Net APY by rating band
What yield does each grade pay, and how widely does it vary?
65 vaults across 5 bands
Bands suppressed (n < 5)C+
Spread of vault net APY per Credora rating band. Box: 25th to 75th percentile with the median tick; whiskers reach min and max. Yield-spike outliers (above 10× the band's median) are dropped, matching the vault and market history charts. Open vaults only: gated vaults are not in any band. Bands with fewer than 3 open vaults are suppressed.
Why it matters
What a credit benchmark changes
Benchmark your portfolio
Know if your positions are earning above or below the market rate for their risk band.
Spot mispriced risk
When a B-rated market yields less than the A+ band, capital is misallocated. The index makes it visible.
Report with a reference
DAO treasuries and institutional mandates can reference a standardised DeFi credit benchmark.