PRISM Protocol launches on Product Hunt: turning credit into tradable on-chain risk markets

Summary

PRISM is a new DeFi protocol that transforms credit into programmable, tradable risk markets on-chain. It introduces structured credit vaults that split pooled loans into three distinct risk layers — Prime (low risk, stable yield), Core (balanced exposure), and Alpha (higher risk, higher return). This replaces opaque, static DeFi lending pools with transparent, tradable risk exposures where cash flows follow deterministic waterfall logic and each risk layer is represented by a tradable token, enabling real-time pricing and trading of credit markets.