Sky (SKY)

Now @SkyEcosystem is becoming DeFi’s yield infra layer, with ethereum:0x56072c95faa701256059aa122697b133aded9279 as the leveraged claim on that transition.

It has shifted from crypto-native collateral loops to a diversified RWA spread business that funds aggressive holder-aligned capital returns.

➥ Protocol surplus now flows 75% directly to SKY holders via buybacks and staking rewards
➥ While the Stars network scales USDS supply toward the $20.6B 2026 target

This creates a self-reinforcing flywheel👇

higher USDS adoption → more RWA yield spread → larger surplus → tighter ethereum:0x56072c95faa701256059aa122697b133aded9279 float + staking yields

I believe SKY is underrated here

The P/E ratio for ethereum:0x56072c95faa701256059aa122697b133aded9279 has fallen to ~11.4.

Sky is generating north of $10M in monthly earnings, yet the market is assigning it one of the lowest earnings multiples among major DeFi protocols.

Earnings keeps growing, and the valuation multiple keeps compressing. Worth watching.