#DeFiGetsGraded
Recent Highlights:
• Standard & Poor's awarded the Sky Protocol project a credit rating of B−, marking the first official rating of its kind in the DeFi space.
• Chainlink partnered with ICE (Intercontinental Exchange) to connect traditional financial market data such as currencies and gold to blockchains, enhancing data reliability in decentralized applications.
Why is this important?
• This move represents a significant shift towards integrating traditional finance with decentralized finance.
• Credit ratings add transparency and credibility, but they also raise questions about the shift towards centralization in an environment that is supposed to be open and independent.
