#DeFiGetsGraded DeFi is evolving rapidly and is now receiving official ratings like traditional finance ๐. Recently, S&P Global awarded its first credit rating to a DeFi protocol โ Sky (formerly known as MakerDAO), giving it a B- ๐. This is a significant milestone that shows that decentralized finance is becoming more transparent and attractive to institutional investors ๐. Sky offers stablecoins like USDS and allows loans against collateral, with a focus on security and governance ๐. The B- rating signifies moderate risk but highlights strengths in transparency and performance ๐. This could open the door for more ratings for other protocols like Aave or Uniswap, making DeFi more accessible ๐ช. Investors should keep an eye on these developments because knowledge leads to profits ๐ก. With more regulation and ratings, DeFi will become a safer place for everyone ๐ก๏ธ.
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