OpenEden TBILL vs VanEck Treasury Fund: Risk & Value Comparison
OpenEden TBILL
VanEck Treasury Fund
Sector
RWA
RWA
Risk Score
28/100
28/100
Risk Grade
B-
B-
Value Score
23/100
22/100
Value Grade
D
D
TVL
$169M
$64M
FDV
—
$64M
Mechanisms
5
5
Interactions
4
4
Quadrant
Dead Money
Dead Money
Risk Dimension Comparison
Mechanism Novelty/ 15
OpenEden TBILL
0
VanEck Treasury Fund
0
Interaction Severity/ 20
OpenEden TBILL
3
VanEck Treasury Fund
3
Oracle Surface/ 10
OpenEden TBILL
2
VanEck Treasury Fund
2
Documentation Quality/ 10
OpenEden TBILL
2
VanEck Treasury Fund
2
Track Record/ 15
OpenEden TBILL
5
VanEck Treasury Fund
3
Scale Exposure/ 10
OpenEden TBILL
5
VanEck Treasury Fund
3
Regulatory Risk/ 10
OpenEden TBILL
8
VanEck Treasury Fund
8
Protocol Vitality/ 10
OpenEden TBILL
3
VanEck Treasury Fund
7
Value Dimension Comparison
Fee Capture/ 25
OpenEden TBILL
3
VanEck Treasury Fund
2
Token Distribution/ 25
OpenEden TBILL
5
VanEck Treasury Fund
5
Emission Sustainability/ 25
OpenEden TBILL
8
VanEck Treasury Fund
8
Competitive Moat/ 25
OpenEden TBILL
7
VanEck Treasury Fund
7
Verdict
Both protocols have identical risk scores (28/100), making them equally risky.
OpenEden TBILL has stronger value accrual (D, 23/100) compared to D (22/100).
VanEck Treasury Fund