S&P is now rating onchain lending vaults. Deposits in that sector went from $1.5B to $10B in two years.
A rating needs vaults you can compare. Most of those vaults still die at the price.
If the feed is a thin pool, the collateral number is a last trade. If the feed reads reserves or the vault exchange rate, the number is what you can redeem.
DIA’s vault map lines them up across 70+ chains
Stsy bullish on $DIA
A rating needs vaults you can compare. Most of those vaults still die at the price.
If the feed is a thin pool, the collateral number is a last trade. If the feed reads reserves or the vault exchange rate, the number is what you can redeem.
DIA’s vault map lines them up across 70+ chains
Stsy bullish on $DIA