> For the complete documentation index, see [llms.txt](https://steakhouse.financial/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://steakhouse.financial/docs/risk-management/zh/collateral/layers-pillars-and-criteria/market-rating-layer-3.md).

# 市场评级（第 3 层）

这是 Steakhouse Financial 的多层风险评级中的第 3 层。市场评级评估资本部署所在的具体借贷或投资场所，并从四个标准进行衡量：预言机、流动性、价格波动和 LLTV。后两项结合形成信用增强。

市场是一个 DeFi 协议，它使拥有闲置资本的投资者能够通过与其交互来获得收益，同时将该资产作为抵押品（在有抵押贷款中）或更广泛地作为主要风险来源。

每个市场都由协议参与者设立，并由利率曲线、基于预言机的定价方法以及 LLTV 等参数定义。通过受限的设置可以缓解市场波动，因此有必要同时评估其稳健性以及作为投资头寸的适用性。

市场依据四个标准进行评估：预言机、流动性、价格波动和 LLTV，其中后两项构成信用增强，这是一个会调整资产评级的额外层级。

<table><thead><tr><th width="253">市场层级</th><th>标准</th></tr></thead><tbody><tr><td>市场评级标准</td><td><a href="/pages/b512b8939b4b94984c8d7c584504258106ab9b8f">预言机</a></td></tr><tr><td></td><td><a href="/pages/ffb363886be253cb2a0cf7feb720e3e3348f5792">流动性</a></td></tr><tr><td></td><td><a href="/pages/e8bd6974424bf5b8a6b4d538ae847370560724a8">价格波动</a></td></tr><tr><td></td><td><a href="/pages/aa1b912162f504830bcda2e132ce0a825c9ba614">LLTV</a></td></tr><tr><td><strong>市场评级</strong></td><td><strong>各标准中的最差评级</strong></td></tr></tbody></table>


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