Introducing DIPOR: LIBOR for Open Finance

Quick Take

  • Introducing DIPOR — Decentralized Inter-Protocol Offered Rate
  • DIPOR can be used as a benchmark for Open Finance products, ranging from loans to total return swaps 
  • DIPOR can also serve as an additional data point for MakerDAO stakeholders when deciding whether, and by what magnitude, to adjust the Stability Fee 
As the blockchain-based Open Finance movement continues to build momentum and analogous products — loans, interest rate swaps, total return swaps — start to proliferate, it is becoming increasingly necessary for a similar, market-driven benchmark interest rate to emerge.

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