Delphi Digital
Delphi Digital|Mar 25, 2026 18:27
Sky is splitting its balance sheet across autonomous capital agents. $70M in USDS was recently approved for four agents that will independently deploy stablecoin liquidity into credit markets, DeFi, and RWAs. Under MakerDAO, every allocation ran through a single governance vote. As the balance sheet grew into the billions, Sky moved to a model where specialized agents manage capital independently. Spark currently routes ~$2B through its Liquidity Layer across Ethereum lending and RWA markets. Keel targets up to $2.5B in capital deployment. This latest allocation adds four more with up to 10 planned for 2026.(Delphi Digital)
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