#DeFiGetsGraded S&P Global assigning its first credit rating to a DeFi protocol marks a key step toward institutional adoption, offering traditional risk assessment that could build trust among mainstream investors. While this move may encourage broader participation in DeFi, it also raises concerns about the potential erosion of decentralization—one of DeFi’s core values. Thinvolvement of centralized entities like S&P could lead to increased influence over which protocols are deemed “trustworthy,” potentially reshaping the space. The challenge now lies in balancing credibility and adoption with the preservation of decentralization, as the DeFi ecosystem navigates this shift toward institutional integration.