🐮 DOR: The LIBOR of DeFi, the cornerstone of trust
In traditional finance, benchmarks like LIBOR and SOFR serve as stable interest rate references, but DeFi lacks similar mechanisms.
#Treehouse The #DOR (Decentralized Offered Rate) introduced is the benchmark interest rate in the DeFi world, achieved through decentralized consensus to provide a transparent and accurate reference rate.
The DOR rate is submitted by Panelists, coordinated by Operators, and supported by Delegators, while DeFi protocols can serve as Referencers to use these rates for pricing or constructing fixed-income products. This establishes interest rate credibility built on the blockchain, making DeFi more institutionalized and regulated.
