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CoinDesk Overnight Rates (CDOR) to Support Stablecoin Money Markets based on Aave
In a groundbreaking move, CoinDesk Indices has collaborated with Sentora, a pioneer in institutional DeFi solutions, to launch the first benchmark interest rates that utilize Aave’s lending pools to provide standardized overnight rates for major stablecoins. This innovative development aims to support growth and development in the DeFi space.
As announced on June 17, 2025, CDOR (CoinDesk Overnight Rates) marks a crucial step forward in bridging the gap between decentralized finance (DeFi) and traditional financial markets. The platform has been designed to provide standardized interest rates that can be used for hedging funding costs, securing yields, and developing cross-currency rate strategies.
Stani Kulechov, Founder of Aave Labs, highlights the significance of this development in a statement: “CDOR is a new benchmark interest rate built on Aave’s deep on-chain liquidity. It provides a transparent, risk-free lending rate that unlocks new use cases for stablecoins, such as derivatives and fixed-income products, enabling more efficient, scalable, and automated financial markets.”
The CDOR rates are calculated daily and made accessible to exchanges, market makers, protocol treasuries, and structured-product desks. This innovative solution is poised to unlock a wide range of applications that have long been absent in the DeFi space.
CDOR also sets a new benchmark by utilizing on-chain activity from Aave’s Core variable borrow pools for USDC and USDT. By converting this activity into standardized interest rates, CoinDesk Indices has set the stage for exchange-traded money-market futures and other rate-based derivatives.
Source: cryptocurrencynews.com
