All articles(33)
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...
DeFi lost $600M in H1 2026. Here is how to measure risk.
Three protocols. Three different attack vectors. A combined $600 million in losses. And in each case, the thing that failed was not what the...
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...
Stablecoin risk assessment: what allocators measure beyond the peg
A stablecoin’s peg history is the most visible risk signal and the least sufficient one. A maintained peg means the token has not failed yet...
What is PSL? How Credora measures DeFi risk
APY tells you how much a vault pays when conditions are stable. Probability of Significant Loss (PSL) tells you how often, under historical ...
Oracle design and DeFi risk: lessons from the USDe depeg
In October 2025, USDe traded as low as $0.65 on Binance during what became the largest liquidation event in DeFi history. In lending protoco...
slisBNB risk assessment: 0.37% PD, A rating from Credora
slisBNB carries an A rating from Credora, with a Probability of Default (PD) of 0.37% annually. This slisBNB risk assessment covers the full...