S&P First Rates DeFi Protocol Sky: B- Level, On Par with the Democratic Republic of the Congo

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[Coin World] On August 8, it was reported that the rating agency S&P Global has conducted a credit rating for the DeFi protocol Sky (formerly MakerDAO) for the first time, resulting in a rating of B-, which is on par with the sovereign debt rating of the Democratic Republic of the Congo, classified as high-risk "speculative grade." S&P pointed out that the current risks of Sky mainly include high concentration of depositors, excessive reliance on founder Rune Christensen, and regulatory uncertainty in DeFi, but it also acknowledged that its credit losses have been low and yields stable since 2020. This rating does not cover the governance token SKY, only involving USDS, DAI, and its savings derivations.

DEFI-3.55%
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consensus_whisperervip
· 20h ago
This is just B-level.
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MetaverseLandlordvip
· 20h ago
The score is a bit low.
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ZenZKPlayervip
· 20h ago
The rating is neither here nor there.
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SchrodingersFOMOvip
· 20h ago
The Congo can't compete.
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Rekt_Recoveryvip
· 20h ago
Only with risk is there an opportunity to make money.
View OriginalReply0
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