Announcing CDOR — Overnight Stablecoin Rates Based on Aave

Announcing CDOR — Overnight Stablecoin Rate Based on Aave

Today Sentora, in collaboration with CoinDesk Indices, is delighted to launch CoinDesk Overnight Rates (CDOR) — the first benchmark that turns live activity in Aave’s lending pools into standardized overnight money-market rates for major stablecoins.

CDOR converts the variable-borrow data from Aave v3’s USDC and USDT pools into a single daily “overnight” rate, published every business day using the same day-count and compounding conventions that global fixed-income desks already know.

The result is a transparent, on-chain equivalent of SOFR or EONIA: a reference rate that can anchor floating-rate loans, interest-rate derivatives, and yield-curve strategies across the stablecoin economy.

Why it matters:

• Institutional-grade infrastructure — Built and administered by CoinDesk Indices, CDOR delivers the governance, methodology transparency, and regulatory oversight asset managers expect.
• Easy risk management — With a clear floating benchmark, traders can finally switch between fixed and variable borrowing costs, hedge funding risk, or express rate views
• Scalable building block — From tokenized loans to exchange-traded futures, CDOR unlocks an array of new products that connect traditional and decentralized capital markets.

For institutions to really participate in crypto markets, the space should offer the same foundational building blocks institutional investors are used to in TradFi. CDOR is a critical step toward that future.

Explore more details at sentora.com/cdor-stablecoin-rate or view the live rates here.

Announcing CDOR — Overnight Stablecoin Rates Based on Aave was originally published in Sentora on Medium, where people are continuing the conversation by highlighting and responding to this story.