[S&P Global Launches DeFi Lending Vault Ratings, Ranging from AAA(v) to D(v)] According to a report by The Defiant on October 6, S&P Global Ratings has introduced the 'Vault Risk Assessment,' providing letter-grade opinions on the loss risks faced by depositors in on-chain lending vaults. The rating scale ranges from AAA(v) to D(v), and the qualifications of the curator operating the vault will serve as an upper limit for the final rating. Currently, S&P has not issued ratings for any specific vaults.