Sky Protocol approves 70 million USDS to support expansion of Sky Agent Network

PANews reported on March 15 that Sky Protocol (formerly MakerDAO) announced that it has passed a proposal to allocate approximately 70 million USDS as initial capital (Genesis Capital) to multiple Sky Agents to support the further expansion of the Sky Agent Network during its launch phase. These independent capital allocators will participate in the deployment of funds and provide a source of revenue for the Sky Savings Rate.

According to the proposal, the fund allocation includes: 10 million USDS to Keel Finance; 25 million USDS each to the new executive agents Amatsu and Ozone; and an additional 10 million USDS to be allocated to a yet-to-be-announced sixth launch phase agent. If governance approves, the fund transfers are expected to be arranged in the executive vote on March 26.

Sky stated that the initial funding was used by governance during the early expansion phase of the network to launch new agents, aiming to diversify capital allocation and drive yield generation. This funding remains within the protocol, managed by a segregated account controlled by governance, and includes a phased exit mechanism. As agents mature and issue their own liquidity tokens, reliance on this funding will gradually decrease.