[Sky Proposes Simplifying Treasury Management, Shifting from Governance-Driven to Rule-Based Spending] Golden Finance reports that Sky has proposed a comprehensive reform of the treasury income distribution mechanism. Founder Rune Christensen stated in a post that with Genesis Capital transitioning to Grove, Sky has officially concluded its genesis capitalization phase, and the previous irregular, governance-decided capital deployments have come to an end. The proposal simplifies the Treasury Management Function (TMF) from a five-step conditional waterfall structure to a four-step fixed allocation framework, covering security and maintenance, general reserve capital, the smart burn engine, and USDS staking rewards, while eliminating several legacy mechanisms. This move comes as Sky is undergoing rapid expansion, with USDS supply climbing to approximately $11.6 billion, making it the third-largest stablecoin. Previously, the Sky community authorized the deployment of up to $2.5 billion through the stablecoin incubator Obex, and in April, launched native USDS on Avalanche.