#DeFiGetsGraded S&P Global awarded its first-ever credit rating to a DeFi protocol, giving Sky a rating of B-, marking a significant milestone in the institutional adoption of decentralized finance. This could pave the way for more traditional financial institutions to participate in DeFi, providing the necessary risk assessment framework.

💬 How will the introduction or impact of traditional credit ratings affect the foundations of decentralized DeFi principles? Will the inclusion of such centralized elements help DeFi gain broader trust and adoption by institutions, or does it risk compromising decentralization and raise concerns about centralization?