About Lending Ledger

Lending Ledger is an independent newsroom covering DeFi lending, liquidity and vaults. We follow capital flows, borrowing conditions and collateral changes to explain how market structure shifts and which participants bear the cost.

We prioritize primary documents, governance records and verifiable on-chain data. We distinguish proposals from executed changes and reported facts from analysis. Coverage is independent of commercial relationships, and material conflicts are disclosed. We correct substantive errors promptly and identify what changed.