The first SKY burn is approaching. Under Stage 2, 5% of each month’s Net Protocol Surplus is allocated to buying SKY on the open market and permanently removing it from circulation. Once executed, it will establish a recurring link between protocol performance and reductions in SKY supply.

At Q2 close, Sky Agents had ~$2.58B deployed across six major institutional counterparties, including $1.24B with Janus Henderson and $713M with BlackRock. @gregfeibus, Global Head of Capital Markets at Sky Frontier Foundation, breaks it down ↓

Sky Protocol’s track record is difficult to replicate. The longest-standing collateralized debt system in onchain finance. Nearly a decade of operation without a core exploit. • More than $14B in collateral backing. • USDS at $9.86B supply, now the world’s third-largest stablecoin. • sUSDS at $4.91B supply, the largest yield-generating stablecoin in the world. • More than $250M has already been distributed to sUSDS holders. This is what battle-tested onchain capital infrastructure looks like.

Capital markets run on trust. Trust is built over time, through transparency, and by surviving stress without breaking. For nearly a decade, Sky Protocol has operated with zero core exploits and zero losses to stablecoin holders. That track record is the moat.

A friend of the family is planning to buy a Tesla now because they are getting a bunch of TikToc videos about Tesla cars 🎉 I’m not on TikToc but apparently it is good advertising for Tesla! TSLA 🫶🏽 ⚡️ 🤖 🚘

Most stablecoins solved issuance. The harder problem is capital allocation. How do you deploy billions of dollars efficiently, transparently, and at scale without relying on legacy financial rails? That is the problem Sky Ecosystem is solving.

If you don’t believe @elonmusk about Physical AI, just take Jensen Huang’s word for it: “The next frontier of AI is physical AI.” “Physical AI has arrived—every industrial company will become a robotics company.” #1# Physical AI company=Tesla Hands down. @Tesla_AI