#DeFiGetsGraded S&P Global enters the world of decentralized finance... with a folder, a calculator, and Excel spreadsheets.

Recently, S&P Global, the same ones who managed to overlook the mortgage crisis of 2008, decided to assign a credit rating to a DeFi protocol for the first time. Congratulations to Sky for receiving a rating of B-. Yes, exactly "B minus," as if DeFi is a student who barely passed a test but promises to "do better next semester."

Officially, this is called "a step towards institutional acceptance." Unofficially, "DeFi, here you go, this is your first reason to listen to the grown-ups."