This seems relevant to repost. Curators should probably be holding a bottom tranche (below even a junior if there is one) in all but the most vanilla, boring vaults. There also needs to be easier ways for depositors to monitor credit migration or material strategy changes within a vault after their initial deposit. A lot of this is driven by lack of appropriate tooling and communication infrastructure in DeFi, but it’s also hard to see the incentive to improve it until depositors demand it in earnest.