Sky Protocol proposed a new plan on March 10th, aiming to reduce the SKY buyback ratio from 75% to 7.5% to strengthen the protocol's capital foundation and USDS backing. During the proposal period, SKY staking rewards remain unchanged. The USDS circulation has reached approximately $11 billion, and the Sky Savings Rate has also been lowered to 3.75%. Voting will end on March 12th.

Gate News Announcement, March 10 — According to the Shanghai Economic and Information Commission, the inaugural "Lobster Conference" will be held on March 15 from 13:00 to 18:00 at Moso Space in Xuhui District, Shanghai. This event will focus on the AI intelligent agent OpenClaw as the main theme, covering concept explanations, technical demos, live hands-on activities, and成果展示. Participants include companies such as Chuangyang Technology, Baidu Smart Cloud, and JieYue Starry Sky. The event aims to help attendees build their own AI intelligent agent systems from scratch.

The total market capitalization of stablecoins across the entire network reached $312.4 billion, a new all-time high, with USDT and USDC accounting for 58.9% and 25% respectively. Sky's USDS has a market cap of $7.92 billion, a monthly increase of 26.7%. Sky Protocol's daily protocol revenue reached $600,000. The issuance of yield-bearing stablecoins exceeded $21.5 billion, accounting for 6.88%.

Gate News Report, March 9, According to Hypersight monitoring, Sky co-founder Rune used high leverage to heavily long oil assets on the Hyperliquid platform over the weekend, while simultaneously using low leverage to short US stock indices (such as the S&P 500, Nasdaq, etc.) and Ethereum. After the traditional market opened, oil prices surged instantly, while Bitcoin and Ethereum plummeted sharply led by the US stock market. As of press time, his account unrealized gains have exceeded $2 million.

Gate News Report, March 8: According to Onchain Lens monitoring, Sky co-founder Rune has opened a 7x leveraged short position on ETH and the Nasdaq 100 (U.S. Nasdaq 100 Index). Previously, Rune was long on crude oil futures CL (WTI crude oil, U.S. crude oil futures benchmark) and Brent Oil (Brent crude oil, international crude oil futures benchmark). Currently, their account still holds

Gate News Report, on March 7th, on-chain analyst Yu Yan monitored that ParaFi Capital staked 70 million SKY tokens, which were reclaimed yesterday (March 6th), about 4 hours ago, worth approximately $5 million.

On March 6, Gate News reported that AI company Step 3.5 Flash of Jiayue Starry Sky dominated the daily call volume in the open-source AI assistant framework OpenClaw for three consecutive days, reaching 61.3 billion tokens on March 5. Chinese models occupy three of the top five spots.

Gate News reports that on March 6, on-chain analyst Yu Yan monitored that the investment firm ParaFi Capital allegedly exchanged over $5 million worth of AAVE tokens for SKY tokens within the past three days (from March 4 to 6). This move may have been influenced by debates over Aave governance.

The native token SKY of the DeFi protocol Sky increased by approximately 10% after the governance proposal was implemented. The proposal reduces the token issuance scale over the next 180 days, slows down the release of staking rewards, decreases potential dilution pressure, and enhances the stability of the token's value. Meanwhile, Sky continues to repurchase SKY tokens, reducing market circulation, strengthening supply and demand, and promoting the development of the USDS stablecoin lending market. This strategy reflects the industry's general trend toward optimizing token economic models.

Aave's governance controversy led to its TVL dropping from $36 billion to $26.5 billion, mainly due to asset price declines and whale users shifting to other platforms. During this period, Justin Sun transferred $910 million in stablecoins from Aave to Sky and Spark, with funds increasing from $570 million to $1.48 billion.