DeFi Risk Premium
Spread the selected reference rate commands over the equivalent US Treasury yield — the institutional benchmark.
Latest reading
90d window. Baked at build time and refreshed live on load. Historical series and alternative windows are available over the API.
What it measures
Spread the selected reference rate commands over the equivalent US Treasury yield — the institutional benchmark.
Premium Gavel rates command over external benchmarks (Treasuries, DeFi variable, BTC supply yield).
How it is computed
DRP = rate(reference, tenor) − Treasury_matched_tenor. Numerator can be any lending reference; denominator stays at the matched Treasury yield.
Available windows: 30d, 60d, 90d, 180d, 365d. Default: 90d. The window is the maturity being priced — "90d" is the 90-day point on the curve, not a span of history.
How to read it
This is what institutions care about: "how much extra do I earn here vs risk-free government bonds?" DRP of 2–5% is normal. Compression toward 0 suggests DeFi is maturing. Inversion would be unprecedented.
Use it programmatically
This indicator is available over the REST API and to AI agents over the Model Context Protocol. The methodology above is the whole of it — there is no proprietary adjustment layer between the inputs and the number.
Informational purposes only — not financial advice or a recommendation.