DeFi Score
From CryptoWiki
Basics
- ConsenSys Codefi released (9-2019) a scoring website for DeFi projects.
Project Scores
As of 2-11-2019 it lists the following projects:
As of 4-11-2019 also added DDEX. As of 7-3-2020 also Aave and Oasis.
As of 2-11-2019 it lists the following assets:
- DAI, USDC, ETH, WBTC, REP, ZRX, BAT and TUSD. This has been extended with a bunch of other once since (7-3-2020).
- "Scores are relative and calculated from eight attributes across three categories: smart contract risk (50%), financial risk (35%), & regulatory risk (15%). Please reference the documentation and whitepaper on github for more details on the methodology."
- As of 4-11-2019 it has analysed the following projects:
"Compound
- Compound’s high scores can be attributed to strong performance in both the smart contract and financial risk categories. Compound has the highest liquidity index score of the group and has maintained high collateral ratios. In addition to releasing public code audit and running a bug bounty program, Compound is the only platform that has released a formal verification report.
dYdX
- dYdX also provides a code audit report but has not performed formal verification. In the financial risk domain dYdX has maintained high liquidity and a moderate to high collateral index score.
Fulcrum
- Fulcrum’s recent addition of a bug bounty programs brings them on par with dYdX in the domain of smart contract risk. Fulcrum’s stablecoin pools (DAI & USDC) have less liquidity than dYdX but also lower utilization rates. This contributes to slightly higher scores for these pools.
Nuo
- Nuo’s scores were strongly influenced by the lack of a public audit report, an attribute that contributes to 25% of the entire score. Nuo has maintained a high collateral index score and moderate to high liquidity.
DDEX
- DDEX provides a code audit report but has not performed formal verification. While DDEX has just launched in the last month, they have low to moderate liquidity and a moderate to high collateral index score."
