ACI Learning Hub — Aethon Credit Intelligence

Start the guided path

Read all 27 articles in order, from Risk Indicator fundamentals to governance reporting.

What Is ACI and How Does It Score?

ACI scores yield providers across eight modules using a deterministic, CRO-approved formula — identical inputs always produce identical scores.

scoring

7 min

BTC Collateral Lending — How It Works

ACI scores BTC lending providers on transparency, collateral control, jurisdiction, structural risk, and track record — with custody model carrying the highest weight.

scoring

8 min

Treasury Preferred Shares — BTC-Backed Preferred Shares Explained

ACI scores BTC-backed preferred shares on SDACR coverage ratio, income mechanism, market risk (HV30), convertibility risk, and issuer maturity.

scoring

6 min

CeFi Stablecoins — Understanding Yield and Risk

ACI scores CeFi stablecoin yield providers on reserve quality, regulatory accountability, yield commitment, liquidity, and jurisdiction.

scoring

8 min

DeFi Stablecoins — Protocol Risk and TVL Quality

ACI scores DeFi stablecoin protocols on protocol security, governance risk, yield transparency, TVL quality, and peg stability.

scoringComing May 2026

7 min

Infrastructure — Mining and Validator Scoring

ACI scores mining and validator providers on unit economics, reliability, counterparty risk, transparency, and scalability.

portfolio

5 min

Adding ETP Exposure to Portfolio Scenarios

How to model ETP allocations alongside lending and yield positions in the Planner.

scoringComing May 2026

7 min

Market Neutral — Arbitrage and Basis Strategy Scoring

ACI scores market-neutral desks on strategy robustness, execution quality, risk management, liquidity access, and transparency.

scoringComing May 2026

8 min

Venture — Early-Stage Protocol and Fund Scoring

ACI scores venture funds on team quality, tokenomics design, market coverage, investor base, and liquidity path.

scoringComing May 2026

7 min

Tokenised RWA — Real-World Asset Scoring

ACI scores tokenised real-world asset providers on underlying asset quality, legal structure, custody, liquidity, and transparency.

scoringComing May 2026

8 min

Volatility Strategies — Options and Structured Product Scoring

ACI scores volatility strategy providers on strategy design, counterparty quality, execution infrastructure, track record, and transparency, with convexity and IV regime adjustments.

scoring

8 min&var(--aci-pos);

Reading an ACI Score — Full Breakdown

A criterion-by-criterion walkthrough of an ACI score — what each number means, how the weighted sum works, and where hard caps override the formula.

Available in Aethon Terminal

scoringComing May 2026

6 min

Convexity — Understanding Return Shape

The Convexity Score measures whether a position's losses accelerate faster than its gains — the shape of your risk, not just the size.

scoringComing May 2026

6 min

IV Regime — How Implied Volatility Adjusts Projections

ACI classifies the implied volatility environment as LOW, MID, or HIGH and automatically adjusts income projections and risk scores for volatility strategies.

portfolio

7 min&var(--aci-pos);

Stress Testing Your Allocation

ACI stress testing applies shock scenarios — BTC flash crash, liquidity drain, stablecoin depeg — and shows how your portfolio score changes under each.

Available in Aethon Terminal

scoring

7 min

Digital Asset ETP — How It Works

How ACI scores the operational integrity of digital-asset ETP wrappers.

portfolioComing May 2026

7 min

Exposure Reconciliation — What Your Portfolio Actually Means

The Exposure Reconciliation Engine computes your portfolio's true net exposure after overlapping positions are combined — not just the sum of what you hold.

scoring

6 min

ETP Structure Types — Physical vs Synthetic

How physical and synthetic ETP structures differ, and how ACI captures them in scoring.

portfolioComing May 2026

6 min

Liquidity Waterfall — When Can You Exit

The Liquidity Waterfall shows which positions you can exit in 24 hours, 7 days, 30 days, 90 days, or not at all — and flags when illiquid positions exceed 25% of the portfolio.

portfolioComing May 2026

7 min

Hidden Correlation — Risks You Cannot See in the Allocation Table

The Hidden Correlation Engine detects when positions in different modules share the same underlying risk — same BTC exposure, same counterparty, or concentrated short volatility.

portfolioComing May 2026

6 min

Constraint-Based Allocation — Guardrails That Prevent Concentration

The portfolio allocator enforces hard limits — BTC delta under 60%, counterparty under 30%, illiquid under 25%, portfolio convexity between 50 and 75 — and warns in real time as you approach them.

portfolioComing May 2026

8 min

Second-Order Stress — What Happens After the First Shock

Second-order stress models what happens after the initial shock — the difficulty adjustment lag after a BTC crash, the funding rate flip after a volatility spike, the spread widening during a liquidity crisis.

reportingComing May 2026

7 min

IC Report Anatomy — What Each Section Tells the Committee

The IC Report is a locked, immutable PDF that an investment committee can use to approve, adjust, or reject a portfolio — every number traces back to a deterministic formula.

reportingComing May 2026

6 min

Convexity Profile — The IC Report Section That Shows Return Shape

The Convexity Profile table in the IC Report shows each position's convexity score, convexity type, and tail risk flag — so the committee sees the shape of risk, not just its magnitude.

reportingComing May 2026

5 min

True Exposure Map — Raw vs Effective Allocation

The True Exposure Map shows the committee two columns side by side — what you allocated versus what you are actually exposed to after overlapping positions are reconciled.

reportingComing May 2026

6 min

Hidden Risk Section — What the Engine Found That You Did Not

The Hidden Risk section is auto-generated from the correlation engine and surfaces concentration, convexity, and liquidity risks in deterministic, non-advisory language.

reportingComing May 2026

8 min

Methodology Portal — How to Verify Everything ACI Claims

The Methodology Portal publishes every scoring weight, every hard cap rule, every backtest result, and an interactive calculator — so you never have to take ACI's word for it.