Sky (SKY)

Stablecoin Development Corporation (SDEV), a publicly listed company that primarily holds and stakes SKY tokens, generated approximately $2.2 million in staking revenue in Q2, roughly covering its non‑GAAP cash operating expenses, but the related SKY rewards were not sold. Due to the token price decline, the company recorded an unrealized loss of $50.6 million in digital assets for the same period, resulting in a net loss of $41.1 million. As of the end of June, SDEV holds 2.29 billion SKY, with a fair value of about $119.2 million, accounting for roughly 94% of total assets. Additionally, up to 33.5 million stock purchase warrants are exercisable, equivalent to about 66% of the shares issued as of June 15, but this ratio reflects potential dilution, not actual dilution that has occurred. (CryptoSlate)
https://t.co/EPufsnON6e

This @SkyEcosystem revenue chart is the first clear sign that tokenholders win from smarter lending, not bigger size.

➥ Loans barely grew, yet the surplus from every dollar lent roughly 2xd (that’s better rate design, not just growth)
➥ The new system sends that extra surplus straight into raising the value of holding SKY

Other protocols grow loans and cut rates, diluting holders. Sky keeps rates strong and builds holder value and market still treats $SKY like every other lending token but this chart shows a better model.

h/t to @artemis for the data

I am so bullish on $SKY right now.

This inverted head and shoulder gave us a reason.

$0.70 is the first target.
$0.75 is the second one.

5th consecutive positive quarter. The money is flowing in. https://t.co/aL06QIeBLn