SKY Governance Token price

Defi 2.0 but focused on protocols with revenue and PMF. Looking at SKY, AAVE, Maple, Pendle and Curve + upcoming Yield Basis. I expect ETH to benefit and see strong tailwinds.

What does Grove (another SKY/MKR token) do that Spark doesn't (that also includes some centrifuge products)?

How the head Defi giant $UNI $AAVE $SKY integrates with traditional finance 🌟Uniswap: Compliant infrastructure for on-chain liquidity Uniswap, as a leading decentralised exchange (DEX), provides flexible compliance features for traditional finance (TradFi) integration through its V4 version of the "hooks" modular architecture. It supports real-time KYC/AML verification, transaction monitoring, and whitelisting pools, allowing for the creation of regulatory-compliant liquidity pools that attract institutional participation without compromising protocol neutrality. Uniswap can serve as the core on-chain liquidity layer for RWA (real world assets) trading, supporting 24/7 trading and automated market making of tokenised assets such as US Treasuries and stocks. Its smart order routing and API can be embedded in the broker's platform as a back-end DEX service, providing real-time price discovery and liquidity to regulated firms. Uniswap's Unichain (Layer 2 based on OP Stack) further reduces transaction costs, enhances integration with the Ethereum ecosystem, and positions it as a compliant infrastructure for tokenised finance. 🌟Aave: A bridge to institutional-grade lending Aave leads DeFi lending with $24 billion in total value locked (TVL), and its convergence with traditional finance is focused on institutional needs. First, Aave provides a KYC/AML compliant environment through permissioned lending pools, allowing regulated entities such as banks and asset managers to participate in decentralised lending. Second, Aave supports tokenised RWA (e.g., government bonds, real estate) as collateral to attract traditional capital market participants and enable stablecoins, such as treasury bonds. Aave's Horizon project develops RWA solutions for institutions, such as access to GHO stablecoin liquidity secured by tokenised money market funds. In addition, Aave has partnered with new banks and fintech companies to integrate DeFi yield strategies into consumer platforms, so that users' fiat deposits can be seamlessly converted into stablecoins and lent on Aave, with interest returned directly, simplifying the user experience. 🌟Sky (MakerDAO): The Transformation of Compliant Stablecoins Sky, which operates stablecoins DAI and USDS, faced challenges with 1:1 fiat reserves, licensed issuance, and KYC compliance required by the GENIUS Act. In order to integrate into traditional finance, Sky is adjusting its strategy: increasing its reserves of traditional assets (such as US Treasuries, which currently account for 10% of DAI collateral) and moving closer to 1:1 reserves to meet regulatory standards. At the same time, USDS has introduced regulatory-friendly mechanisms such as freezing functions to meet KYC/AML requirements. Sky may further launch a compliant wrapper or parallel stablecoin, designed specifically for the U.S. market, to interface with regulated entities. These adjustments allow Sky to expand its stablecoin adoption while maintaining compatibility with the traditional financial system to serve both institutional and retail users.

My DeFi T2 Holdings - Pendle $Pendle should be my second largest DeFi altcoin holding after $AAVE, $SKY, and $UNI. Here are my thoughts: (1) One point I strongly agree with is that it provides an environment for small funds to engage in DeFi, which is something other projects cannot achieve, without exception. This is my moat. (2) Personally, I have bought PT a few times, but I don't do circular lending when the returns are not high enough, and I rarely buy YT. (3) The interest rate market theoretically has great potential, but before the emergence of points, the returns in the DeFi market were mostly predictable. What Pendle needs is unpredictability and volatility in returns. Points and Pendle are a match made in heaven, which is a significant reason for Pendle's rise, but it also brings corresponding issues. If points exit the historical stage, the returns market may revert to a predictable trend in the future, which could shrink Pendle's market. (4) Of course, without points, other methods to increase return volatility may emerge in the future, which is a market trend. So this issue is more of a gap rather than a fatal flaw. Finally, the Pendle team and their product refinement capabilities are quite outstanding. It's rare to surf through this DeFi dry season.

However, from a broader perspective of the DeFi space, Aave V4 is not the only player in the concept of a unified liquidity layer. The Spark liquidity layer within the Sky (MakerDAO) ecosystem has already taken a step ahead in technical practice, achieving some success in the use of stablecoins and integration with other DeFi protocols. Additionally, some smaller projects are also exploring and practicing in the field of cross-chain liquidity layers. From a longer-term perspective, the competition between Aave, which is based on the lending sector, and Sky, which is based on the stablecoin sector, may truly determine who the ultimate winner in the future DeFi space will be.