#DeFiGetsGraded
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#DeFiGetsGraded refers to a historic event in the world of decentralized finance, where S&P Global awarded the first credit rating to a DeFi protocol, Sky, with a rating of B-. This move enhances trust between traditional finance and DeFi, paving the way for larger institutional investments. A decentralized protocol being rated by a traditional agency is seen as a sign of the sector's maturity and its approach to broader adoption, while questions remain about how to maintain the principles of decentralization amid this convergence.
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