#DeFiGetsGraded

Historic first: S&P Global has assigned its first-ever credit rating to a DeFi protocol, awarding Sky a B- rating. This represents a major step toward traditional financial institutions recognizing and evaluating decentralized finance under familiar frameworks .

Why it matters: Applying a centralized, mainstream credit assessment model like S&P’s to a DeFi protocol could help bridge DeFi and traditional finance, offering investors clearer signals of risk and potentially increasing institutional trust. However, it may also raise concerns around centralization versus decentralization in the space .