#DeFiGetsGraded The hashtag **#DeFiGetsGraded** marks a pivotal moment in the evolution of decentralized finance (DeFi) — it's about the first formal credit assessment ever issued for a DeFi protocol. Specifically, **S\&P Global Ratings** assigned **Sky Protocol** (formerly Maker Protocol), issuer of the USDS stablecoin, a **B-minus (stable outlook)** rating — a speculative-grade score, but groundbreaking because it applies traditional credit frameworks to on-chain protocols (
#DeFiGetsGraded** celebrates the first credit rating given to a DeFi protocol. S\&P Global rated Sky Protocol (formerly Maker) a B- (stable outlook), providing a standard of creditworthiness comparable to traditional finance. This move signifies a watershed moment — bringing transparency, institutional-grade risk evaluation, and potentially broader institutional integration to DeFi