TechFlow news, November 19 — According to The Block, the Sky (formerly MakerDAO) community has voted to approve up to $2.5 billion in USDS stablecoins to Obex, a crypto incubator, for investing in successfully incubated on-chain yield projects. At the same time, Framework Ventures, LayerZero, and the Sky ecosystem jointly led a $37 million funding round for Obex.
Obex will offer a 12-week incubation program focused on supporting projects that develop new sources of on-chain yield, particularly within the Sky ecosystem. These projects resemble sub-DAOs that constitute the Sky ecosystem, aiming to "deliver attractive risk-adjusted returns for the Sky ecosystem."
Add to Favorites
Share to Social Media
