According to an official announcement on November 18, the Sky community has voted to approve a major funding proposal that will provide up to $2.50 billion to Obex, a framework-backed incubator project, to invest in successfully incubated crypto-income projects.
The decision coincides with a $37 million round of funding led by Framework Ventures, with participation from the likes of LayerZero and Sky Ecosystem. According to the plan, Obex will launch a 12-week incubation program focused on supporting projects that are committed to developing new on-chain revenue streams within the Sky ecosystem.
Obex plans to fund crypto projects with capital-intensive characteristics through stablecoins and tokenized assets. This initiative is an important part of Sky's "Endgame" initiative launched in 2024. The initiative aims to upgrade the original Maker protocol to a more resilient decentralized real-world asset protocol. With the rebranding, Sky has launched several sub-DAOs dedicated to developing application scenarios around the new USDS stablecoin and revenue generation mechanism.
Sky Community Approves $2.50 billion Funding to Support Obex Incubated Crypto Income Project
2025-11-18 22:00:14
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