Latest Sky (SKY) News Update

Deep Dive

1. $500M Mortgage Deal with Better (24 February 2026)

Overview: Mortgage lender Better has partnered with crypto venture firm Framework Ventures to access up to $500 million in financing via the Sky stablecoin ecosystem. Better will act as a "Star" capital recipient, using USDS to fund conforming U.S. mortgages. This channels DeFi liquidity into traditional real estate, aiming to lower originator funding costs by over 100 basis points.

What this means: This is bullish for SKY because it validates the protocol's real-world asset (RWA) strategy at institutional scale, directly linking USDS demand to a massive, traditional market. Success could significantly boost protocol revenue and the utility of the Sky ecosystem. (CoinMarketCap)

2. $611M Revenue Forecast for 2026 (29 January 2026)

Overview: The Sky Frontier Foundation published its 2026 outlook, projecting gross protocol revenue of $611.5 million, an 81% year-over-year increase. The forecast is based on USDS supply growing 74% in the prior year to $9.2 billion and nearly doubling to $20.6 billion in 2026.

What this means: This is bullish for SKY as it provides a clear, data-backed growth trajectory. Higher revenue directly funds the protocol's ongoing SKY buybacks and staking rewards, reinforcing its deflationary tokenomics. (CoinMarketCap)

3. SKY Listed on Robinhood (22 January 2026)

Overview: Robinhood listed SKY for trading, expanding the token's availability to its 27 million active users. The listing followed rumors of accumulation and contributed to a price surge at the time.

What this means: This is bullish for SKY as it significantly improves retail accessibility and liquidity. Easier onboarding for Robinhood's user base could funnel new capital into the Sky ecosystem, increasing demand for both SKY and its yield-generating stablecoin, USDS. (CoinMarketCap)

Conclusion

Sky is transitioning from a DeFi cornerstone to a bridge for institutional capital, driven by its RWA mortgage deal and robust revenue projections. Will the $500 million credit line become a repeatable model for other traditional finance sectors?

Deep Dive

1. @raremints_: Bullish on Sky's Deflationary Flywheel bullish

"SKY’s bull case is powered by real usage and cash flow... With 1B+ tokens already repurchased and revenue expected to scale in 2026, SKY benefits from a clear deflationary flywheel tied to adoption." – @raremints_ (27.7K followers · 9 February 2026 08:04 UTC) View original post What this means: This is bullish for SKY because it frames the token's value around a sustainable, revenue-driven model where growing USDS usage directly funds token buybacks and rewards, creating a self-reinforcing cycle of scarcity.

2. @KyleReidhead: Arguing SKY is Undervalued Based on Growth bullish

"$SKY is now up 57% in the last 30 days... PE is still <9 and based on its 2025 growth, it should be >20... Sky is going much higher from here." – @KyleReidhead (15.4K followers · 24 December 2025 13:51 UTC) View original post What this means: This is bullish for SKY because it suggests the token is fundamentally mispriced relative to its earnings and the explosive growth of its stablecoin supply, implying significant upside potential even without further earnings expansion.

3. @Finora_EN: Technicals Show Bearish Trend with Key Resistance bearish

"Price is in a bearish trend... Downside momentum looks stronger with resistances overhead at 0.06383, 0.06460, and 0.06558." – @Finora_EN (8.1K followers · 20 January 2026 14:43 UTC) View original post What this means: This is bearish for SKY in the short term because it indicates selling pressure is dominant and price must convincingly break above these resistance zones to shift the near-term outlook to positive.

4. @coinotag: Robinhood Listing Seen as Major Retail Catalyst bullish

"$SKY Robinhood'da listelendi" – @coinotag (54.9K followers · 22 January 2026 13:32 UTC) View original post What this means: This is bullish for SKY because a listing on a major retail platform like Robinhood significantly broadens the token's accessibility and potential investor base, which can drive new demand and liquidity.

Conclusion

The consensus on SKY is mixed but leans bullish, with the community focused on its strong fundamentals—driven by a deflationary buyback program and USDS growth—while acknowledging near-term technical headwinds. Watch for a decisive break above the $0.0778 resistance level, as this could validate the bullish narrative and trigger the next leg up.

Deep Dive

1. Staking Rewards Activation (29 May 2025)

Overview: This update activated the Sky Staking Engine, allowing users who stake their SKY tokens to earn USDS stablecoin rewards. It fundamentally changed the reward model from static emissions to one tied directly to the protocol's financial performance.

The change was executed via a governance "spell" (a smart contract package) published on May 29, 2025. It enabled the distribution of a portion of the protocol's surplus revenue to stakers in real-time, creating a direct incentive alignment between token holders and the health of the ecosystem. This marked the completion of Phase 7 in the official upgrade timeline.

What this means: This is bullish for SKY because it creates a tangible, yield-generating use case for holding the token. Users can now earn a variable return simply by staking, which encourages long-term holding and participation in governance. It makes SKY more attractive as a productive asset within DeFi. (Sky Protocol Docs)

2. Delayed Upgrade Penalty Initiation (18 September 2025)

Overview: This governance-enforced update introduced a time-based penalty for legacy MKR token holders who delay upgrading to SKY. It is designed to complete the transition to a single governance token and simplify the protocol's structure.

The penalty started at 1% on September 18, 2025, meaning conversions after that date received 1% fewer SKY tokens per MKR. The penalty is programmed to increase by 1 percentage point every three months, creating a strong economic incentive for holders to migrate promptly. This is Phase 8 of the upgrade plan.

What this means: This is neutral for SKY's long-term health but urgent for remaining MKR holders. It pressures the old token system to wind down, which reduces technical complexity and potential security risks. For the ecosystem, it streamlines governance and clarifies value accrual to the new SKY token. (Sky Protocol Docs)

Conclusion

Sky's codebase updates are systematically executing a long-term vision to refine governance and align stakeholder incentives, with the recent activation of performance-based staking being a key milestone. How will the completion of the token migration impact the protocol's capital efficiency and developer focus?