Today, @SentoraHQ and @CoinDeskMarkets announced @CoinDesk Overnight Rates (CDOR), an index calculated based on @aave borrow rates for USDC and USDT :
CDOR provides the foundation for a critical piece missing in DeFi infrastructure: the ability to hedge variable interest-rate exposure in lending protocols.
As stablecoin adoption grows, so will borrow activity. The ability to structure fixed-term loans using futures will unlock all sorts of new financial products. CDOR is a key building block for that to happen.
The index uses @aave deep stablecoin liquidity as a global market indicator
Thanks to all @SentoraHQ partners that collaborated in this effort: @Aave, @heussepa, @galaxyhq, @FalconXGlobal, @flowdesk_co, @Tyr_Capital
and others
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