SKY
SKY demonstrates strong ownership characteristics with binding onchain governance and active value accrual through buybacks. The token is non-upgradeable with no censorship capabilities. Trademarks remain with an independent foundation.
SKY holders exercise binding governance through an approval-based voting workflow with a 24-hour timelock before any changes take effect. The token is non-upgradeable with no censorship capabilities. All privileged roles trace back to governance.
Protocol revenue flows to SKY holders through automated buybacks. When the protocol earns fees, it uses them to buy SKY on the open market. All fee parameters are governance-controlled.
All code is open source (AGPL-3.0) and verified on Etherscan. Anyone can audit the contracts.
Aragon has not been able to verify the concentration of holdings.
Maker and DAI trademarks are held by an independent foundation, not by SKY tokenholders. All code is open source (AGPL-3.0).
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