#DeFiGetsGraded S&P Global has given its first credit rating to a DeFi protocol, assigning Sky a rating of B-, marking an important milestone in institutional adoption of decentralized finance. This could pave the way for more traditional financial institutions to participate in DeFi by providing a crucial risk assessment framework.

💬 How will the introduction or influence of traditional credit ratings affect the foundational decentralized principles of DeFi? Will incorporating such centralized elements help DeFi gain wider trust and adoption by institutions, or will it risk sacrificing decentralization and raise concerns about centralization?