This document summarizes the findings of the OpenCred study, which investigated institutional strategies for recognizing non-formal open learning in Europe. The study developed a "diamond model" to analyze recognition approaches. Key findings include: 1) Recognition can range from completion certificates to credit exemptions; 2) Robust assessment, affordability, and eligibility most impact recognition level; 3) Different models emerged based on these factors, such as typical MOOCs with little recognition or paid-assessment MOOCs. The document concludes robust assessment is key to recognition and recommends institutions provide clear information on assessment and recognition opportunities.