“Sky, previously known as Maker, received a B- Credit Rating B- From S&P Global Rathings. This is the first estimate of the Defi platform from the traditional rating agency. Analysts also studied USDS steiblcoin and SUSDS and SDAI savings. The USDS ability to keep a bind to the US dollar was estimated at four out of five – the larger the number, the worse. Sky Protocol – […]”, – WRITE: Businessua.com.ua
Sky, previously known as Maker, received a B- Credit Rating B- From S&P Global Rathings. This is the first estimate of the Defi platform from the traditional rating agency.
Analysts also studied USDS steiblcoin and SUSDS and SDAI savings. The USDS ability to keep a bind to the US dollar was estimated at four out of five – the larger the number, the worse.
Sky Protocol is a decentralized lending platform that enables users to make loans secured by cryptocurrencies. Its USDS steiblcoin ranks fourth in terms of capitalization in its segment with $ 7.9 billion.
The main risks S&P has called a number of weaknesses of the protocol. These include deposit concentration, centralized management, founder dependence, regulatory uncertainty and low capitalization.
According to the agency, the co -founder of the Rune Rune Cresensen Project has almost 9% of management tokens. The decision -making process remains centralized due to the low turnout.
