Sky Protocol Moody's Rating: Why B3 Matters for DeFi
Sky Protocol has become an important test case for whether traditional credit-analysis frameworks can meaningfully evaluate decentralized financial infrastructure. On October 6, 2026, Moody’s Ratings assigned Sky Protocol a B3 counterparty risk rating, bringing a familiar institutional risk language into a sector that has historically been assessed through collateral ratios, smart-contract audits, governance analysis and onchain liquidity metrics.











