Chainlink puts S&P Global’s DeFi vault risk checks onchain
@chainlink ($LINK) is now publishing Vault Risk Assessments from
@SPGlobalRatings onchain, starting on
@base. The assessments give S&P’s view of a lending vault's risk for depositors, covering loan quality, liquidity, the vault manager, the chain, and the protocol.
Lending vaults pool deposits and lend them out under set strategies, and S&P puts deposits at about $10B in September, up from $1.5B two years earlier. S&P says these assessments aren't credit ratings and say nothing about yields.