EconomyS&P Global Ratings launches new risk assessment for DeFi lending vaults

Andrew O’Neill, S&P Global Ratings’ managing director and digital assets analytical lead, discusses the firm’s new Vault Risk Assessment. He explains its review of onchain lending vault portfolios, liquidity, curators, operational security and governance, how it differs from a credit rating, and how vaults might support a liquidity flywheel for onchain finance.