#DeFiGetsGraded ton sol S&P Global assigned its first credit rating to a DeFi protocol, giving Sky a rating of B-, which is a significant milestone in the institutional adoption of decentralized finance. This could pave the way for greater participation of traditional financial institutions in DeFi, providing the necessary frameworks for risk assessment.

💬 How will the implementation or influence of traditional credit ratings affect these fundamental decentralized principles of DeFi? Will the introduction of such centralized elements help DeFi gain broader trust and acceptance from institutions, or does it risk undermining decentralization and raising concerns about centralization?