DEFISCOREAUDIT
An Investgineer Company
Credit ratings for on-chain finance

Bond markets have a ratings layer.
DeFi doesn't. Until now.

DeFiScoreAudit grades protocol solvency on the AAA-to-D scale institutions already trust — built on live on-chain data instead of quarterly filings, and paired with the two scores TradFi never had: legitimacy and mission traction.

Free public ratings at launch. No spam — rating actions and methodology updates only.

You're on the list. First rating actions land in your inbox at launch.

Rating Certificate · No. 0001 Issued Jul 2026
Ethereum
ETH · Layer-1 settlement network
AA
OUTLOOK  ·  STABLE
LEGITIMACY  ·  L1 VERIFIED
ADOPTION  ·  ▲ ACCELERATING
COLLATERAL & SOLVENCY
PROTOCOL RISK
TREASURY & RUNWAY
GOVERNANCE
LIQUIDITY STRUCTURE
GRADE CAPPED AT AA — LIQUID-STAKING & RESTAKING CONCENTRATION. FULL RATIONALE PUBLISHED WITH EVERY ACTION.
The missing layer

A trillion-dollar market with no common language for risk

Traditional finance runs on a shared risk vocabulary: a BBB bond means the same thing to a pension fund in Tokyo and a bank in Toronto. DeFi asks every participant to be their own analyst — and the losses show it.

Traditional credit markets

  • Standardized AAA-to-D grades across every issuer
  • Published methodologies and rating committees
  • Investment-grade line institutions can build mandates on
  • A century of shared vocabulary for pricing risk

DeFi today

  • TVL leaderboards mistaken for safety rankings
  • Audits read as guarantees instead of snapshots
  • No standard separating solvency from token hype
  • DeFiScoreAudit is the ratings desk this market is missing
The rating system

One grade was never enough. Every protocol gets three.

DeFi's biggest losses split into three failure modes — insolvency, dishonesty, and irrelevance. Blending them into one number is how risk gets hidden. We publish all three, separately, with the reasoning behind each.

AXIS I

Credit Grade

Will it stay solvent and honor its obligations?

AAA  AA  A  BBB  |  BB  B  CCC  D

The bond scale the world already speaks, rebuilt for on-chain reality: collateral quality, contract risk, treasury runway, governance control, and liquidity structure. The BBB line carries the same weight it does in fixed income — investment grade versus speculative.

AXIS II

Legitimacy Score

Is it actually what it claims to be?

L1 VERIFIED  →  L5 SUSPECT

Promise versus delivery: roadmap commitments checked against shipped code, treasury spending against stated use, disclosures against on-chain conduct. No collateral ratio catches a lie — this score exists because rug pulls are legitimacy failures, not solvency failures.

AXIS III

Adoption Trajectory

Is it growing toward its own stated goal?

▲ ACCELERATING  ▶ STEADY  ▼ DECLINING

Not vanity TVL — traction measured against each protocol's own mission. Organic borrow demand for a lender. Real settlement volume for a stablecoin. Liquidity that stays after incentives end. Published as a trajectory, never a buy signal.

Live, not lagging

TradFi downgrades arrive after the damage. Ours can't.

01
Continuous on-chain monitoringPillar metrics refresh from chain state — not quarterly filings and committee calendars.
02
Automatic review triggersCollateral deterioration, treasury drawdowns, and admin-key changes open a review the moment they happen.
03
Rating Watch, not silenceExploits, depegs, and governance attacks suspend the grade publicly while we investigate — the prior grade is never quietly maintained.
04
Evidence with every actionEvery change ships timestamped with the on-chain data that caused it. We show our work.
// RATING ACTION FEED — ILLUSTRATIVE
14:02:11  LENDR-V3  A → BBB  collateral ratio breach
14:02:11  ↳ evidence: block 21,904,332
13:47:56  STABLE-X  RW OPEN  peg deviation > threshold
12:15:03  VAULT-FI  BB → BBB  treasury diversified
12:15:03  ↳ legitimacy L3 → L2 · roadmap delivered
09:30:00  DEXPROTO  ▶ → ▲  organic volume, post-incentive
// every action → public rationale
Structured for independence

2008 taught us exactly which conflict to avoid

The rating agencies that failed in the financial crisis were paid by the issuers they graded. We are structured so that can't happen here.

Protocols cannot pay for a grade

Ratings are initiated by our coverage criteria, never by commercial engagement. There is no product a protocol can buy that touches its grade.

Subscribers pay for depth, not direction

Revenue comes from investors, funds, DAOs, and institutions paying for detailed reports, monitoring, and API access.

Public ratings stay free

Headline grades, legitimacy scores, and the rationale behind every rating action are permanently public.

Firewalled and disclosed

Any future protocol-paid service is firewalled from rating determination and disclosed on the rating page itself.

Launching soon

Be reading the ratings before the market prices them in

Waitlist members get the first rating actions, the full published methodology, and early access to coverage requests.

One email at launch. Rating actions after that. Nothing else.

You're on the list. First rating actions land in your inbox at launch.