All articles(28)
Default frequency and loss severity: an update to Credora vault ratings
A market holding 5% of a vault, losing 40% of its value in default, writes down 2% of the vault. A market holding 40% of a vault, losing 2% ...
Morpho Midnight risk: how fixed-term lending changes credit analysis
Morpho Midnight brings fixed-rate, fixed-term, fixed-maturity lending to Morpho, alongside the variable-rate markets of Morpho Blue. The mec...
DeFi risk assessment: June 2026 collective post-mortem
This DeFi risk assessment examines seven of June 2026’s largest on-chain incidents in date order, measuring each against Credora’s risk meth...
EtherFi weETH Risk Assessment | Credora A+ Rating
weETH carries an A+ rating from Credora, with an annualised Probability of Default (PD) of 0.098%. It is the largest liquid restaking token ...
Independent Morpho vault risk ratings for DeFi vault curators: the KPK case
DeFi vault curators describe their positioning in qualitative terms. Conservative. Blue-chip focused. Strict on liquidity. But they are unve...
DeFi operational security: the risk dimension that ratings haven’t measured
Standard DeFi risk ratings leave one category unmeasured: DeFi operational security. Market and smart contract risk both draw from establish...
How Credora rates a DeFi vault: inside the methodology
Credora rates DeFi lending markets by starting with onchain data, running 100,000 Monte Carlo simulations per market across five independent...
DeFi portfolio risk: how to compare protocols on a single scale
Managing DeFi portfolio risk across multiple protocols requires something DeFi does not naturally produce: a common unit of comparison. With...
After the Rating: What Happened to Spark Savings USDT Vault
In March 2026, Credora published an independent PSL (Probability of Significant Loss) rating for the Spark Savings USDT vault. This case stu...