Sky (SKY)

I think the main reason $SKY @SkyEcosystem is not main main bag are - the transparency/complexity issue. The protocol is too opaque to be easily understandable. It likely should be. - related, the star system, I am not sure it make the most sense (but I am not sure of this one) - it seems it doesn’t want to compete as a base layer stablecoin. Otherwise it is one of my target

altFINS flagged $SKY when it was stuck in a Sideways Channel. $0.055 to $0.070. Three months of nothing. The screener said: wait for the breakout. SKY broke out. First price target: $0.08. Hit. +15% gain. Next target: $0.09. The setup was in the screener before the move. The alert was set before the crowd arrived.

Top Protocols by Monthly TVL Gains ($2B+ Min) Only these protocols grew TVL in the last 30 days: $SKY: +21.61% to $6.74B Securitize: +21.10% to $3.02B $MORPHO: +16.87% to $7.12B $PAXG: +14.65% to $2.55B $KMNO: +5.12% to $2.11B $XAUT: +2.59% to $3.67B $ONDO: +0.21% to $2.71B $ONDO quietly stacking, only +0.21% but sitting at $2.71B across 12 chains. Which of these gainers are you watching?

The @SkyEcosystem is not comprehensible. You cannot easily comprehend the structure, risk, covenant of the core and subDAOs. For me it is clear that the way sky is making line of credit to Star (which are semi independent protocol) is undercollaterized lending. But I cannot simply confirm that through the docs. Unless I spent countless hours that I don’t have combing through Atlas, which is not meant for human. (Not even sure this is actually present in it). $SKY would likely be a major holding without this inherent risk which apparently not recognized at all. If @sparkdotfi blow out on a risky allocation, what forces it to pay back? That is not clear to me and for now it seems it is good old trust (or ownership with extra step, which mean $SPK is not meant to be).