#DeFiGetsGraded Historic Moment: S&P Global Grants Its First-Ever Credit Rating to a Decentralized Finance (DeFi) Protocol! 🚀

In a groundbreaking move, S&P Global has awarded its first-ever credit rating to a decentralized finance (DeFi) protocol - Sky - granting it a rating of B-. This historic event signifies the growing institutional recognition of DeFi's potential and may open the door for more traditional financial entities to enter the decentralized space.

By introducing established frameworks for risk assessment, such credit ratings can provide greater transparency and security, encouraging cautious institutional investors to engage in DeFi systems.