#DeFiGetsGraded S&P Global's assignment of a 'B-' credit rating to Sky Bridge marks the **first institutional credit rating for a DeFi protocol**, signaling a major step toward traditional finance (TradFi) adoption of decentralized finance. While this development could accelerate institutional participation by providing standardized risk frameworks, it raises critical questions about compatibility with DeFi's core ethos. The integration of centralized credit ratings may enhance trust and accessibility for institutional capital, but simultaneously risks undermining foundational principles of decentralization, transparency, and censorship resistance. This tension highlights a pivotal challenge for DeFi: balancing growth through TradFi validation against preserving its decentralized identity.