#DeFiGetsGraded S&P Global has assigned the first credit rating to a DeFi protocol, granting Sky a rating of B-, marking an important milestone in the adoption of decentralized finance by institutions. This could pave the way for more traditional financial institutions to engage in DeFi by providing the necessary risk assessment frameworks.

💬 How will the introduction or influence of traditional credit ratings affect the fundamental decentralized principles of DeFi? Will integrating such centralized factors help DeFi gain greater trust and wider adoption from institutions, or does it risk undermining decentralization and raise concerns about centralization?