#DeFiGetsGraded

S&P Global granted its first-ever credit rating to a DeFi protocol, giving Sky a rating of B-, representing a significant milestone in the institutional adoption of decentralized finance. This may pave the way for traditional financial institutions to engage in DeFi by providing foundational frameworks for risk assessment.

💬 How will the introduction or impact of traditional credit ratings affect these core decentralized principles of DeFi? Will the integration of these central elements help DeFi gain broader trust and adoption by institutions, or will it risk undermining decentralization and raise concerns about centralization?