Sky Protocol Receives ‘B-‘ Credit Rating from S&P Global, Signaling Market Maturity

S&P Global Ratings has issued a cautionary ‘B-‘ credit rating to Sky Protocol, a prominent decentralized lending platform in the cryptocurrency market. This assessment underscores the growing importance of external validation and risk analysis for crypto projects as they mature. The rating signifies that while Sky Protocol currently meets its financial obligations, it faces potential vulnerabilities due to factors like depositor concentration and evolving regulatory landscapes. ]