Odaily Planet Daily reports that the decentralized finance (DeFi) protocol Sky Protocol has been assigned a B3 long-term counterparty risk rating with a stable
- Sky Protocol, a DeFi protocol formerly known as MakerDAO, has received Moody's first-ever stablecoin protocol rating of B3 with a stable outlook.
- The protocol manages $10 billion in AUM and $900 million in equity, but Moody's cited 'material credit weakness' due to low capital adequacy and risks associated with its DAO structure.
- Potential upgrades depend on improved capital ratios, while downgrades could occur if capital falls significantly or profitability and liquidity weaken.
Topics: Asset types, Legal regulatory, Institutional adoption, Stablecoins digital cash, Securities law classification, Asset manager initiatives
Tags: #skyprotocol #moodys #stablecoinrating #defi #b3rating #usds #dai #aum #equity #counterpartyrisk