#DeFiGetsGraded S&P Global has, for the first time, given a credit rating to a DeFi project. The protocol named Sky received a B- rating. This is an important step because it shows that big traditional finance companies are starting to look seriously at DeFi.

This move could make it easier for banks and other large financial players to join the DeFi space. Credit ratings help them understand the risks before investing or working with a project.

But there’s also a big question — DeFi was created to be independent and free from traditional systems. Bringing in things like credit ratings, which are controlled by central organizations, might change that. Some people believe it will help DeFi grow and gain trust. Others worry it could make DeFi more centralized and take away from its original purpose.

It’s a balance between making DeFi safer for big investors and keeping it truly decentralized.