CoinDesk Indices and Sentora Launch Stablecoin Overnight Rates for DeFi

CoinDesk Indices and DeFi specialist Sentora are launching a benchmark linked to overnight stablecoin lending rates, advancing on-chain markets toward mainstream finance.

The CoinDesk Overnight Rates (CDOR) aim to standardize real-time borrowing rates for trading firms and protocol treasuries.
Initial data will come from Aave lending pools for USDT and USDC, calculated daily based on variable borrow rates.
Stablecoins, valued at $250 billion, are essential for trading, on-chain transactions, and cross-border payments.
Demand for institutional-grade money market tools is rising as stablecoin adoption grows.
Futures contracts tied to these overnight rates are planned, with Galaxy, FalconX, Flowdesk, and Tyr Capital participating as market makers.

CDOR rates are expected to facilitate new financial derivatives within the crypto ecosystem, enhancing institutional engagement in DeFi.