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#Sky Protocol

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New Altcoin Report Reveals Millions in Profits, Outlines Buyback and Burn Details
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New Altcoin Report Reveals Millions in Profits, Outlines Buyback and Burn Details

Key Highlights: Sky (formerly MakerDAO) boosted its protocol reserves by $28.47 million during the quarter, elevating total reserves to $85.08 million. Net income is actively supporting value-accrual mechanisms, including $SKY buybacks, USDS staking rewards, and an inaugural burn of 2.86 million $SKY tokens on September 13. Quarter-end protocol collateral reached $11.41 billion, with the USDS ...

Why SKY Crypto’s 12% Price Drop Raises the Risk of Further Losses
Coins•

Why SKY Crypto’s 12% Price Drop Raises the Risk of Further Losses

Key Highlights: The Whale Retail Delta climbed to 0.288, triggering widespread market liquidations where long traders lost around $63,000 compared to just $84 lost by short traders. Perpetual derivatives indicators signal potential downside for $SKY as the Funding Rate slipped into negative territory at -0.0008% and Open Interest dropped 13% to approximately $51 million. Despite ...