In order to enable users to compare the safety of on-chain protocols, the Decentralized Finance (DeFi) analytics platform DeFi Pulse has released new protection scores in alpha.
A New Type of DeFi Rating
The ratings framework is, however, still in progress and does not take into consideration all threats, such as smart contract threats.
The grading tool looks at key variables, including consumer conduct, collateral uncertainty, relative collateral liquidity, protocol criteria, and smart contract risk, in collaboration with the Gauntlet digital asset modeling framework.
A risk profile is then given to each project, rating them between 1-100.
The first project to be reviewed in DefiPulse’s Economic Safety Grade scheme are the decentralized lending protocols Aave and Compound, earning ratings of 95% and 91%, respectively.
The next protocol scheduled to obtain evaluation is MakerDAO.
DeFi Pulse in a Nutshell
DeFi Pulse is a platform where the most updated DeFi protocol analytics and scores can be viewed.
Its rankings track the overall worth of common DeFi applications and protocols locked into the smart contracts. In addition, DefiPulse is curating The DeFi List, a compilation of the best DeFi tools.