#DeFiGetsGraded S&P Global has issued its first credit rating to a DeFi protocol, assigning Sky a B- rating, a landmark step for institutional adoption of decentralized finance. This move could enable traditional financial institutions to engage with DeFi by offering critical risk assessments. However, integrating centralized credit ratings raises questions about balancing broader trust and adoption with DeFi’s core decentralized principles. Could this compromise decentralization or foster greater institutional confidence? How might traditional credit ratings impact DeFi’s decentralized ethos? Will they enhance institutional trust or risk centralization concerns?