#DeFiGetsGraded ! Historic first: S&P gives $SkyProtocol a B- rating (Stable Outlook)!
A major milestone in DeFi—bringing traditional financial scrutiny to decentralized protocols.
Rated based on USDS & DAI stablecoin liabilities—not governance token.
Concerns flagged: centralized governance, depositor concentration, and regulatory risks.
But credit where it’s due: strong audit history & steady operations since 2020.
S&P even compared Sky’s risk to the sovereign debt of Congo!
What does this mean for DeFi’s future? Is credit-graded DeFi finally here to stay?