Give medal for breaking code at speed (8)

I believe the answer is:

decorate

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'give medal for breaking code at speed' is the definition.
I can't tell whether this defines the answer.

'breaking code at speed' is the wordplay.
'breaking' is an anagram indicator.
'at' says to put letters next to each other.
'speed' becomes 'rate' (the speed at which something happens).
'code' is an anagram of 'deco'.
'deco'+'rate'='DECORATE'

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(Other definitions for decorate that I've seen before include "'Adorn, embellish (8)'" , "Add ornament, colour, etc." , "paint" , "Improve the look of" , "Honour" .)

I've seen this clue in The Daily Express.

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