"Sky has been engineered carefully to be able to handle whatever macro environment it finds itself in."
As rates drop, credit spreads matter more. That means $SKY has to work harder to source yield - not just ride T-bills.
But Rune's core point: DeFi giving you lower rates AND higher risk is annoying whether rates are at 5% or 2%.
The opportunity is to fix the risk side, not just chase the yield.
FT
@andyyy @therollupco @RuneKek @SkyEcosystem