Rate the asset. Understand the exposure. Keep accountability with a person.
FOLLOW THE CAPITAL
Four doors. One book. Your custodian signs.
A shared underwriting process. Execution stays in your custody.
FOUR DOORS
Whales & OG LPs
Funds
Retail via partners
Agents via API
ONE BOOK
The Poros book
Model covers
Humans underwrite
Build calldata
YOUR CUSTODIAN SIGNS
Available paths
WalletConnect · Safe
Native integrations
Fireblocks · Ceffu · Cobo
In progress
Agent execution
Your own policy engine
PROTOCOLS
T1 Ondo GM · TermMax
T2 Morpho · Aave
T3 Notional · Maple
T4 Synthetic strategies
Poros builds transactions. Funds never touch us.
THE FRAMEWORK
Rate what you deposit.
A protocol is not a risk tier. The deposited asset, its collateral and its redemption path determine the exposure. Every asset is classified from T1 to T4.
Tier
Exposure
Portfolio role
T1
Treasury-backed & fixed-term
Tokenised treasuries and qualifying fixed-rate exposure
Core allocation
T2
Overcollateralised or governance-set
USDC and USDT lending, established savings markets
Core, with limits
T3
Credit or long-tail collateral
Institutional credit and frontier vaults
Satellite only
T4
Synthetic or strategy-dependent
Basis trades and synthetic dollar strategies
Excluded
Four factors. Scored separately.
A composite score alone is not enough for an investment committee. It should be clear which factor is weak, and why.
Issuer
Regulatory status, reserves, attestations and redemption history.
Collateral
Quality, concentration, oracle design and performance under stress.
Liquidity
Market depth, redemption paths, notice periods and stress behaviour.
Contract
Audit coverage, time live, upgrade authority and incident history.
A person signs the tier.
The engine reads contracts, onchain data, governance forums and audit reports continuously. It drafts. A named analyst reviews every tier before publication and signs the decision. Accountability stays with a person.
A common reference.
The intended benchmark collects fixed rates per protocol and maturity, normalises them to an annualised basis, and uses SOFR as an offchain reference. The current website displays an illustrative snapshot. Live sources, weighting and update frequency will be published with the production data feed.
Poros builds transactions; it never holds assets. WalletConnect and Safe are the initial signing paths. Native integrations with Fireblocks, Ceffu and Cobo are in progress. Reach depends on the custodian and protocol; confirm availability before allocating.
OUR ALIGNMENT
We never take a rebate from a protocol we rate.
Revenue comes from allocator subscriptions, routing fees on capital placed and API tiers for partners. The allocator relationship pays for the service.