Sky Expands Amid Aave's Kelp DAO Controversy

PANews posted on X (formerly Twitter). Amid the ongoing controversy surrounding Aave and the Kelp DAO theft, Sky is making significant strides in the market. Sky is implementing a strategic plan to solidify its position. Internally, it has established a policy to permanently lock 20% of its operational expenses, ensuring that at least 80% of net income is retained within the protocol. Externally, Sky has launched Laniakea, targeting the $300 billion stablecoin market's idle funds. This marks a significant transformation for Sky, evolving from a 'lender' to an on-chain institutional capital operating system.