The heartbeat of DeFi credit markets is the Inter Protocol Over-block Rate. There are people in this picture The main parts of the protocol are: 2. A benchmark interest rate for DeFi. There are currently available forUSDT,USDC, andDAI. There are 2. There are people in this picture The index is called theipOR. There are different rates for USDC, USDT, and DAI. There is a rate on the horizon. There are people in this picture IRDs. The IRS is the first instrument to reference the rates. It takes the best of DeFi to incorporate a pool. The pool is passive and works like an asset. The AMM prices the instruments based on a few different quant models, which is cheap enough to run on ether. There are people in this picture The project plans to become a fully community-driven DAO. The ownership and control of the protocol will be in the hands of the token holders.
