#DeFiGetsGraded • S&P Global Ratings issued an issuer credit rating of B- (stable outlook) to Sky Protocol (formerly Maker Protocol)—the first time a traditional credit agency has rated a DeFi platform. 

• The rating covers Sky’s stablecoin liabilities (USDS, DAI) and their interest-bearing tokens (sUSDS, sDAI), not the governance tokens.

This move marks a pivotal shift—DeFi is being evaluated through the lens of traditional finance. That means:

• Institutions can now analyze DeFi risk using familiar tools.

• It paves the way for greater institutional confidence, liquidity, partnerships, and regulatory alignment.  

• #DeFiGetsGraded has become the rallying cry, signaling DeFi’s maturation.