Sky proposes allocating approximately 70 million USDS to remaining Sky Agents, including 10 million to Keel, 25 million to new executive Agent Amatsu, 25 million to Ozone, and 10 million to an undisclosed Sky Agent. If approved, funds will be transferred in the March 26 vote.
Gate News reported that on March 16th, according to rwa.xyz data, Circle's tokenized money market fund USYC reached a total market value of $2.2 billion, with a 41.16% increase over the past 30 days. With a 19.88% market share, USYC has become the world's largest tokenized US Treasury fund.
March 16th, the trading platform Ventuals experienced a bank run on HYPE withdrawals, causing vHYPE to plummet briefly to $9, then recover to $31, currently trading at $37.5, still at an 18% discount. The CEO stated they will halt withdrawals to prevent disruption and are working with private LPs to increase HYPE holdings. Users can exchange vHYPE through secondary liquidity pools at a 0.85:1 ratio, with up to 15% discount available for instant liquidity.
Sky Protocol Governance Committee approved the allocation of 70 million USDS to support the launch phase of Sky Agent. The fund allocation includes 25 million USDS each for Keel, Amatsu, and Ozone, and 10 million USDS allocated to undisclosed Agents. The funds will be disbursed after the vote on March 26, and will remain under protocol control.