What is Ozone
Ozone is Bitpulse's real-time risk intelligence platform for institutional DeFi. It monitors on-chain lending vaults across Morpho, AAVE, and Maple Finance and surfaces a single composite risk score — the Ozone Score — alongside granular market, oracle, and protocol risk metrics.
Throughout this documentation, vault is the standard term for a lending position container. Each protocol uses its own naming internally:
| Protocol | Protocol term(s) | Ozone UI label |
|---|---|---|
| Maple Finance | Pool | Vault |
| Morpho | Market, MetaMorpho Vault | Vault |
| AAVE V3 | Reserve | Market |
When you see "vault" in these docs, it refers to whichever construct applies to the protocol in context. For AAVE, the Ozone UI uses "Market" to align with AAVE's terminology. See the Glossary for full definitions.
The problem it solves
Institutional teams allocating capital into DeFi lending vaults face three structural gaps:
- Fragmented data — risk signals are spread across on-chain explorers, protocol dashboards, and off-chain analytics tools with no unified view.
- Lagging signals — most dashboards show yesterday's state. DeFi risk moves in hours.
- Missing methodology — aggregate TVL and yield figures tell you what happened. They don't tell you what the probability of a bad outcome is.
Ozone addresses all three: unified view, real-time snapshots, and a quantified risk model behind every score.
What Ozone monitors
Ozone tracks three categories of vault risk:
Market Risk
Liquidity concentration, redemption capacity, and withdrawal depth — scored at vault and address level using Nakamoto coefficient, Max Power Ratio, HHI, Gini coefficient, and Daily Amihud illiquidity. Detects when a single entity can drain a vault overnight.
Oracle Risk
Price feed reliability, oracle source concentration, and manipulation resistance. Includes Price Stability Ratio and collateral drift detection — the gap between reported collateral value and real market clearing price.
Protocol Risk
Curator concentration, deployment age, smart contract exposure, and on-chain governance distribution. The structural vulnerabilities most institutional risk frameworks never model.
The Ozone Score
Each vault receives a composite Ozone Score from 0–10, where lower is riskier. The score is a weighted sum of seven market risk components grouped into the three subcategories above.
See How Ozone Scores Work for methodology details including exact weights and formulas.
Coverage
Ozone currently monitors lending vaults across:
- Morpho — Morpho Market and vaults on Ethereum
- AAVE V3 — lending markets on Ethereum
- Maple Finance — institutional lending vaults
Coverage expands as protocols are onboarded.
Access
Ozone is currently in private beta for institutional clients. To request access, visit ozone.bitpulse.io or contact the Bitpulse team at support@bitpulse.io.