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Vance Spencer, Co-founder at Framework Ventures, outlines that Sky economics has now been codified to create an immutable guarantee for Sky holders, focusing on rulebound expenses and profit distribution.
According to Spencer, profits for Sky holders will be returned through buybacks and USDS distributions, while irregular expenses have now concluded.
Spencer previously noted that sponsors have wide latitude to set the net asset value of portfolios, mirroring common practices at venture funds, according to a recent article. He also highlighted the launch of Sky’s risk framework for onboarding new stablecoin assets in a separate report. These developments add context to the latest changes to Sky’s economic protocols.