#DeFiGetsGraded For the first time, a DeFi protocol, Sky Protocol, has received a credit rating from S&P Global Ratings, achieving a B-. This historic milestone marks a crucial step towards the integration of decentralized finance with the traditional financial system. Sky's USDS stablecoin, with a market capitalization of $7.1 billion, is positioned as the third largest, behind USDT and USDC. This recognition highlights the growth and innovation potential of DeFi, but also underscores risks such as market volatility and regulatory challenges. The rating reflects the growing maturity of the sector, attracting institutional interest while navigating legal uncertainties. Projects like Aave, Uniswap, and Chainlink continue to lead, with advancements such as the expansion of Uniswap v4 and Chainlink CCIP driving DeFi applications. However, security concerns persist, evidenced by recent hacks such as the one on zkLend ($9.5M). Regulation, like the GENIUS Act, could limit the appeal of yield-generating stablecoins but opens opportunities for DeFi platforms on Ethereum. This historic moment invites investors and enthusiasts to explore the transformative potential of DeFi while remaining alert to its risks. The financial future is already here!