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S&P Assigns First-Ever Credit Rating to a DeFi Protocol, Rates Sky at B-
11.8.2025
S&P Global Ratings assigned Sky Protocol a B- rating with a stable outlook, marking the first time a credit rating company has assessed a DeFi protocol
S&P Global assigns ‘B-’ credit rating to Sky Protocol, first for DeFi protocol
11.8.2025
S&P Global’s credit rating of Sky Protocol reflects key concerns over governance centralization, weak capitalization and regulatory uncertainty
S&P Global assigns ‘B-’ credit rating to Sky Protocol, first for DeFi protocol
11.8.2025
S&P Global’s credit rating of Sky Protocol reflects key concerns over governance centralization, weak capitalization and regulatory uncertainty
S&P Global assigns ‘B-’ credit rating to Sky, first for DeFi protocol
11.8.2025
S&P Global’s credit rating of Sky Protocol reflects key concerns over governance centralization, weak capitalization and regulatory uncertainty
S&P Global assigns ‘B-’ credit rating to Sky, first for DeFi protocol
11.8.2025
S&P Global’s credit rating of Sky Protocol reflects key concerns over governance centralization, weak capitalization and regulatory uncertainty
Sky faces scrutiny over potential $756M exploit flaw
6.12.2024
Sky’s (formerly MakerDAO) use of externally owned accounts (EOAs) to manage $756 million in USDC reserves raises questions about security and transparency