Sky proposes simplifying treasury management, shifting from governance-driven to rule-constrained expenditures.

robot
Abstract generation in progress

Mars Finance News: Sky has proposed a comprehensive overhaul of the treasury income distribution mechanism. Founder Rune Christensen said in a post that, with Genesis Capital transferring to Grove, Sky has officially ended the Genesis capitalization phase, and that the previously irregular, governance-determined capital deployment has come to an end.

The proposal simplifies the treasury management function (TMF) from a five-step condition-based waterfall structure into a four-step fixed allocation framework, covering security and maintenance, overall reserve capital, a smart destruction engine, and USDS staking rewards, and it cancels multiple legacy mechanisms.

This comes as Sky is rapidly expanding; the USDS supply has climbed to approximately $11.6 billion, making it the third-largest stablecoin. Previously, the Sky community authorized the deployment of up to $2.5 billion via the stablecoin incubator Obex, and launched the native USDS on Avalanche in April.

SKY4.03%
AVAX-0.84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin