CryptoWorld News reports that the decentralized finance (DEFI) lending protocol Sky, formerly known as MakerDAO, is undergoing financial management reforms to redistribute net income. Founder Rune Christensen explained in a forum post the rationale for simplifying the financial management function (TMF), stating that the recent transfer of Genesis Capital to Grove signals Sky’s official exit from the Genesis capitalization stage. The proposal simplifies the TMF from a five-step conditional pipeline into a four-step structure: fixed allocations for security and maintenance, total backup capital, a smart burn engine, and USDS staking rewards. This reform is being carried out amid Sky’s rapid expansion; the current USDS supply has reached approximately $11.6 billion, making it the third-largest stablecoin.

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