#DeFiGetsGraded In a landmark moment for the crypto world, S&P Global Ratings has just assigned its first-ever credit rating to a DeFi protocol, Sky Protocol. This B- rating with a stable outlook is a game-changer, bringing traditional finance's risk assessment tools to the decentralized ecosystem.

This move is a major step toward bridging the gap between DeFi and traditional finance. S&P’s assessment highlighted the protocol’s vulnerabilities like governance centralization and regulatory uncertainty, but also recognized its minimal credit losses. For investors, this provides a new framework for evaluating the creditworthiness of protocols, offering more transparency and potentially attracting a new wave of institutional capital.

This is a pivotal moment for the industry, and the discussion around #DeFiGetsGraded is just getting started.