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In its latest research report, ChainLink explored the demand for ChainLink's Decentralized Finance Return Index (CDY Index). According to reports, this is a new data product under development that uses an industry-standard ChainLink Oracle Machine to collect Decentralized Finance lending returns across the market. With a focus on accuracy, robustness, and market representativeness, the CDY Index is designed to increase the discoverability of online lending opportunities, capital efficiency, and liquidity.
The CDY index will initially cover the largest and most liquid crypto markets, including USDC, USDT, WBTC, WETH.
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