#DeFiGetsGraded S&P Global has just broken a historic barrier: for the first time, it has awarded a credit rating to a DeFi protocol, and it has been fortunate enough to have Sky Protocol, rated B- and stable. In other words: it's not the star of the class, but it's not on the ropes either. The rating comes with some caveats: depositor concentration, centralized governance, and limited capital. Still, it's a significant achievement: DeFi joins the ranks of companies valued with the same standards as traditional financial giants. Today, the sector isn't just banking on annual percentage yields (APY); it still boasts "official invoices." The young crypto rebel now has a rating... and is smiling.😎😎