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The Sky ecosystem recently emerged with a rather wild gameplay - the Obex project claims to be able to "self-replicate".
In simple terms, it is not just a standalone protocol, but a "mother body" that will continuously incubate new stablecoin projects. With each new project incubated, the revenue network of the entire Sky ecosystem expands a circle. This kind of exponential expansion model is quite rare in DeFi.
Theoretically it sounds good: more stablecoin projects = more sources of income = accelerated ecological value expansion. But how fast they can actually run depends on the quality of these newly incubated projects and market acceptance. After all, the stablecoin sector is already competitive enough, whether they can break through is a question.
However, it is quite interesting that Sky is willing to experiment in this direction, at least it shows more innovation than those projects that only fork code.
Stablecoins are everywhere now, can this scheme save Sky?
Honestly, exponential growth sounds exciting, but quality is questionable
Hatching and incubating, but in the end, it's just another bunch of worthless coins
But at least someone dares to try new things, which is better than copy-pasting
If this batch succeeds, it would be incredible, but the probability... what do you all think?
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Index expansion sounds nice, but the key is to see how the newly incubated projects perform, let's not end up with all scamcoins.
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It's definitely better than a fork, but it's hard to say how long this model can last.
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There's something here, Sky is finally doing something new and not just hyping concepts like some projects do.
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The stablecoin sector is already so competitive, let's see how long Obex can survive, I still have some reservations.
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Incubation from the mother body sounds quite sci-fi, but whether it can really land is another matter, will continue to observe.
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Sky has some ideas in this direction, but whether the ecological benefits can really expand is still a big question mark.
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Exponential expansion? It's interesting, but quality is a hard issue. Let's see what can be hatched in the future.
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Being slightly better than a fork isn't really anything. The key is whether users will actually catch a falling knife on these new projects.
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The concept of mother giving birth to mother... When you think about it, it's quite fantastical. Whether it can actually be played out is another question.
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I have high hopes for Sky's experiment, but I'm afraid it might follow the old routine of price turns lower after positive open.
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The stablecoin market is already saturated. Even if more projects are created, the returns will be limited, right?
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I acknowledge the innovative mindset, but how to balance the costs and risks of incubating new projects hasn't been clearly explained.