The financial market is undergoing a major transformation. For a long time, LIBOR (London Interbank Offered Rate) has played a central role as the key interest rate benchmark in the pricing of various financial products. However, its vulnerability to manipulation ultimately led to its decline, and the market is in urgent need of a more reliable and transparent alternative.

With the development of blockchain technology and the rise of decentralized finance (DeFi), an innovative solution has emerged - Decentralized Offered Rate (DOR). DOR not only inherits the function of LIBOR as an interest rate benchmark, but also addresses the shortcomings of traditional models through a decentralized consensus mechanism.

The core advantage of DOR lies in its transparency and reliability. It creates a fair and open Interest Rate curve by aggregating market data and forecasts from multiple participants. This mechanism effectively eliminates the possibility of human manipulation, providing a level playing field for every market participant.

As the new generation Interest Rate Benchmark, DOR not only provides a more accurate pricing reference for DeFi protocols but also brings unprecedented transparency and security to the entire digital asset market. Its emergence marks a step towards a more mature and healthier decentralized financial ecosystem.

As DeFi gradually integrates into the mainstream financial system, BOR is expected to become an important reference indicator in the global financial market. It will provide a solid foundation for pricing digital assets and designing innovative financial products, promoting the entire financial industry towards a more open and efficient direction.

The rise of DOR is not just a simple technological innovation, but represents a profound transformation that the financial world is undergoing. It demonstrates how decentralized technology can address the inherent problems within traditional financial systems, paving the way for the establishment of a more equitable and transparent global financial system.