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Credora
Credora provides independent, quantitative risk ratings for DeFi lending markets, vaults, and tokenized assets, rating them on a unified A+ to D scale using a Probability of Significant Loss (PSL) methodology derived from institutional structured credit analysis. Its ratings and data are used by vault curators, lending protocols, yield aggregators, asset issuers, and institutional allocators to assess and compare onchain credit risk.
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Description
Credora is a DeFi risk-rating provider that applies quantitative credit-risk methodologies—similar to those used by traditional credit rating agencies like Moody's and S&P—to onchain lending markets, vaults, and tokenized assets. Using 100,000 Monte Carlo simulations per market, Credora rates tokens, lending pairs, and vaults on a single A+ to D scale and publishes a Probability of Significant Loss (PSL) metric, an annualized estimate of the likelihood of material capital loss. The company publishes publicly documented methodologies alongside a proprietary rating engine, and offers a data application (Credora App) covering vaults, markets, assets, curators, and rating history, as well as an API for programmatic access to ratings and rating changes. Its coverage initially launched on Morpho and Spark, with plans to expand to additional protocols, assets, and yield aggregators. Clients include vault curators, lending markets, yield aggregators, centralized exchanges, and asset issuers seeking independent, institutional-grade risk transparency. Credora was acquired by RedStone, which now operates Credora's documentation and integrates its risk-rating capabilities.Grant Funding
VC Funding
None
2019
2021
2023
$0
$16M