Sky Protocol has approved a proposal to allocate approximately $70 million USDS in Genesis Capital to various Sky Agents, with the aim of expanding the Sky Agent Network during its launch phase and generating revenue for the Sky Savings Rate.
This initial Capital is used in the early expansion phase to launch new agents, diversify Capital allocation, and drive yield generation. Agents are independent Capital allocators who participate in deploying cash flow within the network.
- Approximately $70 million USD was allocated to Sky Agents to expand its network.
- Keel Finance received $10 million USDS; Amatsu and Ozone each received $25 million USDS.
- The transfer of funds is expected to be put to a vote in the executive committee on March 26th if the board approves it.
Genesis Capital allocates $70 million.
Sky Protocol's (formerly MakerDAO) proposal has been approved to allocate approximately $70 million USD to various Sky Agents during the launch phase.
The allocation structure includes: $10 million USDS for Keel Finance; $25 million USD for each of the new executive agents, Amatsu and Ozone; and an additional $10 million USD expected for the sixth agent of the launch phase (not yet announced).
Sky Agents are independent Capital allocators who participate in fund deployment and revenue generation for Sky Savings Rate. Sky states that the goal of the initial Capital is to support early expansion, launch new agents, diversify Capital allocation, and drive yield generation within the network.
Fund transfer schedule and governance mechanism
If the board approves, the fund transfer is expected to be arranged during the executive vote on March 26th.
Sky stated that the initial funding remains within the protocol, managed through a segregated account controlled by governance, and has a phased exit mechanism. This design aims to maintain risk control during expansion and support the deployment of Capital according to the roadmap.
As agents mature and Token Issuance their own liquidation tokens, the level of reliance on Genesis Capital will gradually decrease. This reflects the shift in Sky Agent Network's strategy from initial funding to liquidation self-sufficiency over time.
