#DeFiGetsGraded
S&P Global Makes History — Sky Protocol Earns a B- Credit Rating!
Breaking ground in DeFi: For the first time ever, S&P Global has assigned a B- (Stable Outlook) credit rating to a DeFi protocol — Sky Protocol (formerly Maker). This game-changing milestone brings decentralized finance into the institutional spotlight.
Why it matters:
Bridging worlds: Institutional players now have a real, familiar way to assess risk in DeFi.
Transparency unlocked: Sky’s solid track record with smart contract audits, bug bounties, and stable performance since 2020 earned it credibility—despite its vulnerabilities.
Still room to grow: S&P flagged concerns like centralized governance, depositor concentration, and thin capital buffers (risk-adjusted capital ratio of just 0.4%). Governance is still heavily influenced by co-founder Rune Christensen, and a few large depositors pose liquidity risk.
The Big Question:
Will bringing centralized frameworks like credit ratings into DeFi help it gain institutional trust at the cost of core decentralization values—or can this be a stepping-stone toward mainstream acceptance without compromising autonomy?
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⏰ Activity Period: 2025-08-12 06:00 UTC to 2025-08-13 06:00 UTC
