The Chainlink DeFi Yield Index (CDY) aggregates the lending yields across multiple DeFi protocols using the blockchain’s native decentralized oracles network.
The chainlink DeFi Index leverages Space and Time’s blockchain indexing as well as database technology to process real-time chain activity.
Oracle services provider Chainlink recently introduced its own Chainlink DeFi Yield Index (CDY Index), designed to aggregate and standardize market-wide DeFi lending rates. The goal behind launching this Index is to provide accurate, robust, and representative data. Furthermore, it also aims to enhance the discoverability of on-chain lending opportunities while improving capital efficiency and liquidity in decentralized finance ecosystems.
The chainlink DeFi Index leverages Space and Time’s blockchain indexing as well as database technology to process real-time chain activity. By offering a unified view of DeFi lending rates, the index enables users to make more informed decisions.
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