Nov. 29 at 7:41 PM
Why I'm feeling Bullish about
$SKY
📈 A major governance proposal is set to shift staking rewards from USDS to SKY and increase daily USDS buybacks, directly incentivizing long-term holding and tightening supply of the token.
💰 Sky Protocol's community has approved a substantial
$2.5 billion in USDS to fund Obex, an incubator focusing on institutional-grade real-world asset (RWA) yield projects, signaling significant ecosystem expansion and enhanced USDS utility.
⚠️ Despite the significant RWA funding, S&P's B- rating for Obex highlights risks such as depositor concentration and regulatory uncertainty, introducing a cautionary note for these major initiatives.
