Moody’s has assigned a B3 rating to decentralized finance protocol Sky, with a stable outlook, according to ChainCatcher. The rating places Sky in Moody’s speculative-grade category. Moody’s said the protocol has a relatively thin capital buffer, citing about $90 million in equity capital against roughly $10 billion in assets under management. The assessment highlights the gap between Sky’s equity base and the scale of assets it oversees. No additional details were provided in the brief. The update was published by ChainCatcher under the technology category.
Moody’s has assigned a B3 rating to decentralized finance protocol Sky, with a stable outlook, according to ChainCatcher.
The rating places Sky in Moody’s speculative-grade category. Moody’s said Sky has a relatively thin capital buffer, with about $90 million in equity capital and roughly $10 billion in assets under management.
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