Prism protocol

Turn credit into tradable risk

User Experience

Fintech

GitHub

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Web3

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Hey Product Hunt! We’re excited to introduce PRISM — a protocol that turns credit into programmable, tradable risk markets on-chain. Today, most DeFi lending is opaque and static. Users deposit into pools without clearly understanding the underlying risk, and there’s no efficient way to trade different credit exposures. We wanted to rethink that entire model. PRISM introduces structured credit vaults where pooled loans are split into different risk layers: * Prime → Lower risk, stable yield * Core → Balanced exposure * Alpha → Higher risk, higher return potential Instead of picking individual loans, users choose the level of credit exposure they want. Cash flows are distributed automatically using deterministic waterfall logic, and each tranche is tokenized so it can be traded in real time. What makes PRISM different: * Programmable on-chain structured credit * Real-time pricing of credit risk * Tradable tranche tokens * Transparent waterfall cash flow distribution * Composable with DeFi infrastructure The idea came from observing how traditional finance structures credit products but those systems are closed, inaccessible, and opaque. We wanted to rebuild structured credit natively for crypto: transparent, composable, and globally accessible from day one. We’re still early, and this launch is about validating the vision with builders, traders, and DeFi users who care about the future of on-chain credit markets. We’d genuinely love feedback on: * The tranche/risk model * UX around selecting risk exposure * Potential DeFi integrations * Features you’d want in an on-chain credit marketplace Thanks for checking out PRISM. We’ll be here all day answering questions and discussing ideas with the community.