DefiLlama and Web3 investment bank Forgd said on Aug. 26 that they have launched Universal Token Ratings, or UTR, a rating framework for digital assets built to resemble the systems used by Moody’s and Fitch. The platform currently covers 128 assets and assigns grades ranging from AAA to CCC, with ratings set to update regularly based on real-time market data. On the current dashboard, Uniswap’s UNI is the only asset carrying a AAA rating. A group of tokens rated AA includes Meteora (MET), Curve DAO (CRV), Raydium (RAY), Olexchange (O), Jito (JTO), ether.fi (ETHFI), Dogecoin (DOGE), Zama (ZAMA), and Pyth Network (PYTH). DefiLlama head of research Ryan Celaj said ratings calculated from live market data can help users identify projects in a standardized way. Forgd founder and CEO Shane Molidor said UTR ratings must be continually earned, while newly issued tokens at the Token Generation Event, or TGE, stage will begin with a temporary rating. Bitcoin.com News was cited as the source.
DefiLlama and Web3 investment bank Forgd said on Aug. 26 that they have launched Universal Token Ratings, or UTR, a ratings framework for digital assets designed to resemble the credit-style systems used by Moody’s and Fitch.
UTR starts with 128 covered assets
The system currently covers 128 assets. Its rating scale runs from AAA to CCC, and the grades will be updated regularly using real-time market data.
UNI is the only AAA-rated token for now
The UTR dashboard shows that DeFi asset Uniswap (UNI) is the only token currently assigned a AAA rating.
Tokens rated AA are Meteora (MET), Curve DAO (CRV), Raydium (RAY), Olexchange (O), Jito (JTO), ether.fi (ETHFI), Dogecoin (DOGE), Zama (ZAMA), and Pyth Network (PYTH).
Executives outline how the ratings work
DefiLlama head of research Ryan Celaj said ratings calculated from real-time market data can help users identify projects in a standardized way.
Forgd founder and CEO Shane Molidor said UTR ratings need to be earned on an ongoing basis. Newly issued tokens at the Token Generation Event, or TGE, stage will initially receive a temporary rating.
Bitcoin.com News was cited as the source.
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