# Tezoro

> DeFi Yield Leaderboard - honest net yields, TVL and risk across 2,000+ markets on Ethereum.

Tezoro is an independent DeFi data platform that tracks real on-chain yields across major lending and vault protocols. Unlike most aggregators that display protocol-advertised rates, Tezoro measures actual historical returns by reading smart contract state directly from Ethereum archive nodes.

## Key Facts

- Covers 2,000+ markets across Aave V3, Spark, Compound V3, Euler V2, Morpho Blue, Morpho Vaults, and Fluid
- All data sourced directly from Ethereum archive nodes - no third-party APIs
- Hourly snapshots of share prices, TVL, utilization, and revenue
- Asset prices from Chainlink on-chain oracles
- AI-driven risk engine assigns tiers A (low), B (moderate), C (elevated)
- Net APY excludes protocol incentives and reward tokens - shows real yield only
- Completely independent: no paid listings, no data manipulation
- Company: Tezoro, Inc.

## Risk Tiers

- **A (Low risk):** Core lending/staking markets with TVL > $100M (Aave, Spark, Compound, Morpho Blue)
- **B (Moderate risk):** Markets with reputable maintainers, significant TVL (Morpho, Euler, Fluid)
- **C (Elevated risk):** Markets with at least 50% of max security score and TVL > $1M

## Net APY Calculation

For vault-based protocols (Euler, Fluid, Morpho Vaults): tracks share price growth (totalAssets/totalSupply).
For lending protocols (Aave, Compound, Spark): tracks accrued revenue relative to average TVL.
Both methods use hourly on-chain snapshots over configurable periods (Day, Week, Month).

## Links

- Website: https://tezoro.io
- App: https://app.tezoro.io
- Research: https://tezoro.io/research
- X/Twitter: https://x.com/tezoroio
- LinkedIn: https://www.linkedin.com/company/tezoroio
- Contact: hello@tezoro.io