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DefiLlama and Forgd Launch UTR, Rating 128 Tokens

OdailyOdaily
ETHUSDT--BTCUSDT--DOGEUSDT--

Odaily News: DefiLlama and Web3 investment bank Forgd announced on Aug. 26 the launch of Universal Token Ratings (UTR), a rating system for digital assets similar to the frameworks of Moody's and Fitch. The system currently covers 128 assets, with ratings ranging from AAA to CCC, and is regularly updated based on real-time market data.

The UTR dashboard shows that DeFi asset Uniswap (UNI) received the only AAA rating; Meteora (MET), Curve DAO (CRV), Raydium (RAY), Olexchange (O), Jito (JTO), ether.fi (ETHFI), Dogecoin (DOGE), Zama (ZAMA), and Pyth Network (PYTH) received AA ratings.

DefiLlama's Head of Research, Ryan Celaj, stated that calculating ratings based on real-time market data helps users identify projects in a standardized way. Forgd founder and CEO Shane Molidor said that UTR ratings need to be continuously earned, and newly issued tokens from Token Generation Events (TGE) will initially receive provisional ratings. (Bitcoin.com News)

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.