A global savings and capital allocation network managing billions in diversified assets, powering the Sky Savings Rate. Access Sky Savings products - https://xitter.cf/t.co/z2JY5TaKkn
Joined April 2015
- Tweets11.1K
- Following158
- Followers291K
- Likes7.1K
Sky Prime Agent @grovedotfinance is making its capital activity easier to follow.
Its new account, @grove_data, brings allocations, redemptions, deposits and withdrawals directly to your feed.
Follow for a closer view of Grove’s activity ↓
The Grove expands on @X.
Introducing Arnold, @grove_data's official X page.
Arnold shares Grove activity directly to your feed: allocations, redemptions, deposits, and withdrawals.
Follow Arnold to hear every note of the Grove 🦜
Sky retweeted
$SKY announces permanent burns of 7.37M tokens.
The latest burn is ~2.6x larger than the first burn of ~2.86M SKY tokens and is funded by 5% of Sky's monthly net protocol surplus.
The mechanism is directly tied to business growth. This means higher net surplus leads to more market buybacks and burns.
The dedicated permanent burn is part of the Stage 2 capital-allocation framework launched in August.
These burns make $SKY net deflationary when surplus is net-positive.
$SKY is up ~36% since mid-September.
$SKY had $100M in revenue last quarter, and sUSDS supply is up ~150% Y/Y.
But the behavioral pattern behind that growth is fascinating. Users treat SUSDS like a savings account. They park funds there when markets are calm, then "extract value when it appears" through spot, perps, farming.
"Our users know where to store their money and to keep it safe, but then they know how to obviously extract value when it appears."
FT @game_set_max @gregfeibus @BitcoinJesusETH
Inside the Galaxy x Sky Ecosystem partnership.
@gregfeibus, @John__Conneely, @Game_Set_Max and Nick Parsons discuss Galaxy’s $100M sUSDS allocation, institutional collateral and its work with Spark and Grove.
Watch the full conversation ↓
youtu.be/aoKPuudHYbg
Sky retweeted
September Financials are live on Grove Data.
Explore the Grove 🌳
data.grove.finance
.@gregfeibus took the stage at @coinalts for “Finding Alpha: Highest-Conviction Ideas.”
He joined Joe Armao from Galaxy and Rajiv Patel-O’Connor from Framework Ventures, with Patrick Clancy from Clover Capital Advisors moderating.
A few moments from the panel ↓
Sky retweeted
At @grovedotfinance, we want to set the standard for financial transparency. The release of our refreshed data site is just the first step in a series of initiatives we have planned to give greater visibility into the protocol's underlying performance and financial health.
One of my favorite new pages is the treasury page, which tracks the growth of Grove's protocol book value over time. This page alongside every other will be updated monthly so tokenholders can quickly check in on Grove's holdings, risk, financials, and product progress.
If you there's anything you'd like to see added, please reach out!
New on Grove Data: Financials.
Explore Grove's performance in detail, from gross revenue to net protocol income.
Now live at data.grove.finance 🌳
Sky retweeted
Keynote with Ben : Make Your Move xitter.cf/i/broadcasts/1yxBePopN…
Sky retweeted
The largest reward-bearing stablecoin in DeFi is just a few clicks away 🌳
Supply USDS or USDC and access the @SkyEcosystem Savings Rate directly from the Grove App.
Enter the Grove.
.@gregfeibus took the stage at @Yield_Summit in Singapore.
Alongside @NikitaAFadeev, @ChundaMcCain and @Lingersj, he discussed stablecoin yield and its role in the evolving money market.
A look back at the session ↓
Sky retweeted
Sky and Spark being mentioned by institutions alongside Ethereum, Solana, Hyperliquid, and Bitcoin.
Let that sink in.
Among the biggest names in crypto, two DeFi protocols are commanding this level of institutional attention.
And it’s no coincidence.
Institutions understand where risk is managed effectively, where capital can be deployed efficiently, and which infrastructure is built to scale.
.@John__Conneely took the stage at @CapSummitGlobal in Singapore.
Alongside @hexonaut from @sparkfinance and @alexlimasia from @LayerZero_Core, he discussed stablecoin growth across Asia and the models that can support institutional adoption.
Highlights from the event ↓
