ACI Learning Hub — Aethon Credit Intelligence

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Read all 24 articles in order, from scoring 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.

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

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.

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.