TechFlow News, March 15: Sky Protocol (formerly MakerDAO) announced a proposal to allocate approximately $70 million worth of USDS as Genesis Capital to multiple Sky Agents, supporting further expansion of the Sky Agent Network during its launch phase. These independent capital allocators will participate in capital deployment and serve as a source of yield for the Sky Savings Rate.
Per the proposal, the capital allocation includes: $10 million USDS to Keel Finance; $25 million USDS each to newly appointed execution agents Amatsu and Ozone; and an additional $10 million USDS to a sixth launch-phase agent yet to be announced. If governance approves, the related fund transfers are scheduled to be arranged during the execution vote on March 26.
Sky stated that Genesis Capital serves as initial funding—allocated by governance during the network’s early expansion phase—to bootstrap new agents, foster diversified capital allocation, and drive yield generation. The funds remain within the protocol, managed via isolated accounts under governance control, and feature a phased exit mechanism: as agents mature and issue their own liquidity tokens, reliance on this capital will gradually decrease.
