Deterministic risk methodology for digital credit.
Methodology, computation engine, and verification layer
Risk Methodology
Full criterion-by-criterion edition · May 2026 · Version 1.1
Download PDF →Users Guide & Training
Platform overview, module catalogue, and operating workflows · May 2026
Download PDF →Module weights
Weights below are sourced directly from the scoring engine. Modifying a weight requires CRO sign-off and a new framework version tag.
Module 1A — BTC Collateral Lending
| Criterion | Weight |
|---|---|
| transparency | 0.20 |
| collateralControl | 0.35 |
| jurisdiction | 0.15 |
| structuralRisk | 0.25 |
| trackRecord | 0.05 |
| Total | 1.00 |
Module 1B — Treasury Preferred Shares
| Criterion | Weight |
|---|---|
| btcCoverage | 0.30 |
| incomeMechanism | 0.25 |
| marketRisk | 0.20 |
| convertibility | 0.17 |
| issuerMaturity | 0.08 |
| Total | 1.00 |
Module 1C — Stablecoin Yield
Module 1C-A — CeFi Stablecoins
| Criterion | Weight |
|---|---|
| reserveQuality | 0.35 |
| regulatoryAcct | 0.20 |
| yieldCommitment | 0.10 |
| liquidity | 0.25 |
| jurisdiction | 0.10 |
| Total | 1.00 |
Module 1C-B — DeFi Stablecoins
| Criterion | Weight |
|---|---|
| protocolSecurity | 0.40 |
| governanceRisk | 0.30 |
| yieldTransparency | 0.15 |
| liquidity | 0.10 |
| pegStability | 0.05 |
| Total | 1.00 |
Module 4 — Infrastructure
| Criterion | Weight |
|---|---|
| breakeven_btc_price_tier | 0.12 |
| energy_cost_per_kwh_tier | 0.10 |
| margin_stability_tier | 0.08 |
| uptime_pct_tier | 0.10 |
| historical_downtime_tier | 0.08 |
| maintenance_quality_tier | 0.07 |
| legal_structure_tier | 0.07 |
| asset_custody_tier | 0.07 |
| jurisdiction_tier | 0.06 |
| dashboard_realtime_tier | 0.08 |
| audit_frequency_tier | 0.07 |
| capacity_scaling_tier | 0.10 |
| Total | 1.00 |
Module 5 — Market Neutral
| Criterion | Weight |
|---|---|
| strategy_type_tier | 0.10 |
| sharpe_ratio_tier | 0.10 |
| aum_disclosure_tier | 0.10 |
| leverage_tier | 0.09 |
| counterparty_tier | 0.08 |
| collateral_segregation_tier | 0.08 |
| funding_rate_tier | 0.07 |
| venue_tier | 0.07 |
| pricing_infra_tier | 0.06 |
| exchange_diversity_tier | 0.08 |
| position_visibility_tier | 0.07 |
| track_record_duration_tier | 0.04 |
| drawdown_history_tier | 0.03 |
| strategy_disclosure_tier | 0.02 |
| audit_tier | 0.01 |
| Total | 1.00 |
Module 6 — Venture
| Criterion | Weight |
|---|---|
| track_record_tier | 0.12 |
| execution_capability_tier | 0.10 |
| team_depth_tier | 0.08 |
| supply_schedule_tier | 0.07 |
| unlock_risk_tier | 0.07 |
| fdv_reasonableness_tier | 0.06 |
| tam_tier | 0.07 |
| narrative_strength_tier | 0.07 |
| category_maturity_tier | 0.06 |
| smart_money_tier | 0.09 |
| syndicate_diversity_tier | 0.06 |
| listing_likelihood_tier | 0.06 |
| exit_scenario_tier | 0.05 |
| vesting_tier | 0.04 |
| Total | 1.00 |
Module 7 — Tokenised RWA
| Criterion | Weight |
|---|---|
| credit_risk_tier | 0.12 |
| duration_tier | 0.10 |
| yield_sustainability_tier | 0.08 |
| enforceability_tier | 0.09 |
| investor_protection_tier | 0.09 |
| jurisdiction_tier | 0.07 |
| custodian_tier | 0.11 |
| bankruptcy_remoteness_tier | 0.09 |
| redemption_terms_tier | 0.08 |
| secondary_market_tier | 0.07 |
| reporting_tier | 0.05 |
| audit_tier | 0.05 |
| Total | 1.00 |
Module 8 — Volatility
Institutional OTC
| Criterion | Weight |
|---|---|
| strategy_design | 0.25 |
| counterparty_quality | 0.30 |
| execution_infrastructure | 0.15 |
| track_record | 0.15 |
| transparency | 0.15 |
| Total | 1.00 |
Exchange Venue
| Criterion | Weight |
|---|---|
| strategy_design | 0.20 |
| counterparty_quality | 0.15 |
| execution_infrastructure | 0.25 |
| track_record | 0.15 |
| transparency | 0.25 |
| Total | 1.00 |
On Chain DOV
| Criterion | Weight |
|---|---|
| strategy_design | 0.20 |
| counterparty_quality | 0.25 |
| execution_infrastructure | 0.15 |
| track_record | 0.10 |
| transparency | 0.30 |
| Total | 1.00 |
Determinism & auditability
- Identical inputs always produce identical outputs (verified by the calculator determinism test).
- Field-level confidence below 0.70 triggers worst-case-score substitution before the weighted sum.
- Hard caps (e.g., HV30 > 35% caps marketVolatility at 5/100) apply after the weighted sum, never before.
- Duration multipliers apply to risk SCORE only — never to expected income.
Further reading
- Interactive score calculator — call the live computeScore() function with your own bucket values.
- Backtest results — separation power against historical incidents (anonymized).
- API documentation — endpoints, authentication, rate limits, language samples.
- Default-proxy impairment table — historical 12-month impairment rates by risk band.
Scope & Limitations
What ACI Scores
The ACI Framework v1.0 produces quantitative risk indicators for digital asset yield providers across eight defined modules: BTC Collateral Lending, Treasury Preferred Shares, Stablecoin Yield, Infrastructure, Market Neutral, Venture, Tokenised RWA, and Volatility.
Scores are computed deterministically from a defined set of evidence inputs under a versioned methodology. Under the same framework version and evidence set, identical inputs are designed to produce identical outputs.
What ACI Does Not Score
ACI scores are not credit ratings and are not produced by a credit rating agency.
ACI does not assess the creditworthiness of any provider, nor does it evaluate the suitability of any instrument for any particular investor.
ACI scores are framework-defined risk indicators derived from observable evidence inputs and methodology-defined criteria. They are not recommendations to allocate capital, transact, or refrain from transacting.
ACI does not produce forward-looking return forecasts or yield predictions.
Evidence & Data Limitations
Scores reflect evidence available at the time of computation.
ACI does not independently audit, attest to, or guarantee the accuracy, completeness, or authenticity of third-party evidence sources.
Providers with limited public disclosure receive lower confidence indicators rather than adjusted scores.
Where market data is older than seven days, a staleness indicator is displayed.
Evidence packs are versioned. Historical scores remain reproducible against the specific evidence set active at the time of scoring.
Confidence Levels
Each score carries a confidence indicator: HIGH, MEDIUM, or LOW.
A LOW confidence indicator does not imply that a provider is inherently higher risk. It indicates that one or more scoring criteria were evaluated under evidence constraints relative to ACI's standard evidence thresholds.
Blockchain Timestamp Anchoring
Score hashes are anchored to the Bitcoin blockchain via OpenTimestamps to prove a score's existence prior to a specific block height.
This anchoring functions as an audit trail and does not constitute endorsement, certification, or validation of the provider by any third party.
Framework Governance & Versioning
ACI Framework v1.0 is the active methodology as of May 2026.
Material methodology changes — including modifications to scoring logic, weighting structures, module definitions, or evidence standards — require CRO sign-off and 30-day subscriber notification.
Historical scores remain reproducible under the framework version active at the time of scoring.