#DeFiGetsGraded S&P Global has assigned its first credit rating to a decentralized finance (DeFi) protocol, marking a significant development in the industry . This rating was given to Sky Protocol, formerly known as Maker Protocol, and is a "B-" issuer credit rating . This marks the first time a major credit ratings company has graded a DeFi protocol . The emergence of credit ratings for DeFi protocols could unlock on-chain credit opportunities .