17 May 2022 07:49, UTC
Reading time: ~2 m
The choice of DeFi-services for investment is quite difficult, despite the openness of the code and the transparency of the blockchain. Hackers managed to deprive investors of $ 1.7 billion in just a month of the year, using program bugs, validator phishing or imperfect rules of the decentralized finance ecosystem.
S&P Global Ratings decided to cover this area with a system of ratings that enjoy an impeccable reputation in the traditional financial sector. It is not yet clear whether we are talking about a credit score or the new team recruited will determine the reliability of the code.
Moody’s is taking similar action. The rating agency has been studying the DeFi sector since September last year with the help of a hired team of cryptanalysts. S&P and Moody’s estimates can significantly increase the inflow of investments into the decentralized finance market by investment funds.
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