Researchers propose DeFi lending vault credit risk assessment framework

According to Blockworks, researchers Anastasiia et al. proposed in their paper "Vault as a credit instrument" that DeFi lending vaults lack a unified credit risk assessment standard. The study proposes five core indicators to analyze the risks under different "mechanical loss channels" and construct a credit scoring system for the treasury. The paper points out that on chain characteristics such as oracle bias, clearing failure, and congestion risk challenge traditional financial model assumptions and require the adoption of new risk quantification methods. The framework combines on chain data, parameter identification, and stress testing to improve DeFi risk management and transparency.