#DeFiGetsGraded a hashtag being used in the context of decentralized finance (DeFi) receiving formal evaluation from traditional financial rating agencies. Notably, S&P Global has recently assigned its first-ever credit rating to a DeFi protocol—specifically giving Sky a B- rating. This event marks a significant milestone for institutional adoption of DeFi, as it introduces well-known credit risk assessment frameworks into the decentralized space. The move is widely discussed as a potential catalyst for greater trust and participation from traditional financial institutions, while also raising questions about whether such centralized evaluations align with the decentralized principles central to DeFi[1].