After 2 years at @MidasRWA, I’ve decided to join thr Sky Frontier Foundation as the Global Head of Capital Markets. I'm genuinely grateful to have been part of the Midas journey from the early, early days, helping build the platform from the ground up, scaling to $2B in asset issuance, and closing a $50m Series A. On May 18th, I joined @RuneKek at the SFF. The @SkyEcosystem sits at the intersection of tokenization, traditional capital markets, and onchain finance, three worlds that are now undeniably colliding. My focus will be leveraging Sky's growing balance sheet to deepen capital flows, by leveraging the most established institutions and capital channels to bring traditional finance meaningfully into the Sky Ecosystem. Sky has been executing quietly and consistently for years with ~$11B in combined stablecoin supply, $15B in TVL, ~$450M in annualized revenue, and a $2.5B mandate to deploy into real-world assets across credit, AI infrastructure, energy, and housing. Currently, USDS is the 3rd largest stablecoin while sUSDS is the world’s largest yield generating stablecoin. It’s clear that in a period of broader DeFi dislocation, Sky became the flight-to-safety. This is the product of a decade of rigorous risk management and protocol discipline tracing back to the earliest days of MakerDAO. Capital markets run on trust. Sky has been building it longer than any protocol in DeFi by optimizing for one thing: capital preservation above all else. Sky is well positioned to build on that trust by expanding participation from traditional institutions across an increasingly mature ecosystem. I look forward to contributing to that effort!

Also the top 3 NYK scorers tonight. The Nova bond runs deep thanks to @CoachJayWright. What a year!!

Honored to be included in @FortuneMagazine’s inaugural Crypto 100 list. Sky Protocol is featured in the Stablecoins category, with USDS ranking as the third-largest stablecoin in the world after Tether and Circle. See the full list ↓

Epic Comeback / Epic Yield 👏 Last night's presenters @gregfeibus / @SkyEcosystem @abhihereandnow / @tmrwfinance @KYDNimale / @KYDLabs @val_usa_crypto / @ManifestFinance @megmehta / @privy_io @kisaguncan / @useamplifi Special thanks to @RSSH273 and @CooleyLLP for sponsoring the night. See you in September

Relying solely on DeFi-native yield strategies carries concentration risk. Sky Protocol has deliberately expanded beyond DeFi yield sources into structured credit, tokenized RWAs, energy infrastructure, onchain capital markets, and more, because diversification across uncorrelated sectors is what makes the yield base resilient. Sky Protocol has always prioritized the security of the protocol and the protection of people’s capital above all else.

Sky Ecosystem is a global capital allocation network, built on Sky Protocol, governed by SKY token holders, and designed to generate sustainable, diversified yield at an institutional scale. At its core is a simple but powerful mechanic ↓

Earlier this week, @John__Conneely and I, both representing the Sky Frontier Foundation, hosted an evening in New York with a group of institutional investors and various members from the @SkyEcosystem Agent Network. The likes of @PIMCO, @Fidelity, @apolloglobal, @DCGco, @galaxyhq, Tether.io, @krakenfx and @Polymarket joined us to discuss the current state of onchain capital markets. Not bad for a weekday night competing with Game 1 of the NBA Finals — we had a packed house! The numbers speak for themselves: ~$11B USDS supply ~$15B total AUM $6.5B in sUSDS deposits $200M in yield paid out to sUSDS holders $123.8M gross protocol revenue in Q1 2026 — the strongest quarter in protocol history $611M gross revenue projected for full-year 2026 We continue to actively allocate to various asset managers in pursuit of the best risk-adjusted returns across onchain and traditional yield sources. The excitement in the room around onchain capital allocation, stablecoins, and tokenization was hard to miss...and for good reason. This is becoming the future of financial infrastructure, and we believe that Sky sits at the center of it. We look forward to hosting more of these both in NYC and abroad!

Sky Frontier Foundation continues to expand its senior leadership team. The next opening is a General Counsel who will build and own the legal function across Sky Ecosystem. Apply to work at the frontier of DeFi, AI, and digital finance: jobs.ashbyhq.com/skyecosyste…

Results for Q1 exceeded SFF's projections across all key metrics. → USDS Supply: $11.70B → Gross Protocol Revenue: $123.79M → Net Protocol Revenue: $60.73M → Net Protocol Surplus: $46.04M Full breakdown in the Q1 2026 Report ↓

USDS is the largest decentralized stablecoin onchain, backed by a diversified mix of crypto and real-world assets. From MakerDAO to Sky, the protocol has shaped decentralized stablecoins for almost a decade. Accessing sUSDS is as easy as visiting app.grove.finance

Probably how DeFi wins the next xM users. And it's not by pulling them onchain, but by meeting them where they already are.

Sky Agent @sparkdotfi is partnering with @BinanceWallet for a 30-day campaign with $350K in rewards. Two boosted vaults now live: • Spark USDS Savings Vault: up to 6.1% APR & $200K USDS rewards • Spark USDT Savings Vault: up to 5.3% APR & 5.5M SPK rewards Boosted Vaults’ APR is dynamic. Rewards are calculated hourly. Explore the vaults ↓

A few things driving this imo… Vanilla adoption… more platforms, more access points (eg. Earn programs backed by tokenized MM funds), more users discovering that idle digital dollars don’t have to stay idle. Second (and maybe more interesting?) is liquidity. Investors are realizing that redemption timelines are (near) atomic, so holding a yb asset stops feeling like a trade-off. @grovedotfinance Basin is a great example of the infrastructure making that possible. They’re making up to $1B in daily instant stablecoin liquidity available for tokenized RWA redemptions, built deep into the Sky ecosystem.

Amen 🙏

Q1 2026 results exceeded SFF's projections across every key metric. SFF's full-year 2026 forecast remains unchanged: • USDS supply $20.6B • Gross Protocol Revenue $611.5M ( 81% YoY) • Protocol Profits $157.8M ( 198% YoY) Watch the full Q1 Insights Call below ↓

Excited to see @OseroHQ come out of stealth! Stablecoins and networks like @Plasma are quickly becoming core financial infrastructure, with USDT already generating billions in annualized profit. @stablecoin_p and team have already been embedded in the @SkyEcosystem, and are building critical infrastructure for the next phase of USDS scale and adoption.

USDS is backed by $15.81B in collateral. Now you can verify that yourself, at any time, without waiting for a report. Balance sheet, P&L, agent allocations, and much more, all live and updated continuously. Go explore the live dashboard at financial.skyeco.com/

"Security and risk management is what enables scale.” @RuneKek on @therollupco with @andyyy, explaining why Sky Ecosystem's modular agent architecture and rigorous risk frameworks enable the protocol to grow sustainably.