#DeFiGetsGraded eFiGetsGraded

Recent Highlights:

• Standard & Poor's gave the Sky Protocol project a credit rating of B−, marking the first official rating of its kind in the DeFi space.

• Chainlink partnered with ICE (Intercontinental Exchange) to link traditional financial market data such as currencies and gold to blockchains, enhancing data reliability in decentralized applications.

Why is this important?

• This step represents a significant shift towards integrating traditional finance with decentralized finance.

• Credit ratings add transparency and credibility, but they also raise questions about the shift towards centralization in an environment that is supposed to be open and independent.