Although the model was designed specifically for lending pools, the ability to earn money through the DAI Savings Rate is such a significant earning opportunity that we felt very strongly that it should be scored and included in our reference python implementation. Despite the fact that we have plans to design a model that better fits this (somewhat unique) opportunity, there was enough interest to warrant adding a preliminary score based off a few of DSR's characteristics. Here is the breakdown of its score:
Category
Score
Smart Contract Risk
45/45
Financial Risk
30/30
Centralization Risk
21.875/25
Total
96.875/100
Some notes
Because its smart contract has been audited, had its bytecode verified, has been formally verified, and has a bug bounty program, it gets a perfect score for "Smart Contract Risk."
What the DeFi Score calls "Financial Risk" does not apply to the earning opportunity presented by DSR. Because of this, DSR gets a perfect score for this category.
Because the protocol has a multisig admin key with a timelock and does not require oracles, it gets 7/8 of 25% for "Centralization Risk."
Disclaimer
We understand that the DSR, and future opportunities similar to it, definitely deserve their own scoring model that better suits them. As such, let it be known that this score is temporary. It is a means to "fill-in-the-gaps" until we can all come together and propose a better-fitting model for earning opportunities that fall under (or will fall under) "Savings" rather than "Lending."
Because there is only a single opportunity that can be categorized this way, the easiest short term solution was to "make it fit."
Why?
Although the model was designed specifically for lending pools, the ability to earn money through the DAI Savings Rate is such a significant earning opportunity that we felt very strongly that it should be scored and included in our reference python implementation. Despite the fact that we have plans to design a model that better fits this (somewhat unique) opportunity, there was enough interest to warrant adding a preliminary score based off a few of DSR's characteristics. Here is the breakdown of its score:
Some notes
Disclaimer
We understand that the DSR, and future opportunities similar to it, definitely deserve their own scoring model that better suits them. As such, let it be known that this score is temporary. It is a means to "fill-in-the-gaps" until we can all come together and propose a better-fitting model for earning opportunities that fall under (or will fall under) "Savings" rather than "Lending."
Because there is only a single opportunity that can be categorized this way, the easiest short term solution was to "make it fit."