Eli5DeFi

The upgrade from the $MKR token to the $SKY token marks a major step forward for Sky Protocol governance, infrastructure, and ecosystem.

Here’s what you need to know:

→ This upgrade process is voluntary and non-custodial for MKR holders.

→ MKR holders retain full control and can choose when to initiate the upgrade via a smart contract.

→ If they choose to upgrade, they will receive SKY tokens at a fixed rate of 1 MKR to 24,000 SKY.

→ Upgrading early helps avoid the Delayed Upgrade Penalty. Starting September 18, a 1% penalty applies to all MKR to SKY upgrades. This penalty increases by 1% every three months, up to a maximum of 100% over 25 years. This mechanism is designed to encourage timely participation in the upgrade.

→ MKR tokens no longer carry governance rights, as full governance authority has now been transferred to SKY. This change is intended to eliminate overlap between tokens and streamline participation in governance.

→ MKR holders can upgrade using any of the following platforms:

- @SkyEcosystem (Link provided after this post)
- @summerfinance
- @defisaver
- @CoWSwap

This is a gradual transition shaped by open governance, with community input through public discussions and on-chain voting.

Ultimately, the upgrade aims to unify liquidity, simplify governance, and improve integration and infrastructure across the Sky ecosystem.

CT is filled with noise, and many projects focused on genuine building don't receive the attention they deserve.

F- mindshare. I already had enough.

It's time to change that.

I am now introducing a Highlights Form for any projects wishing to be featured in our weekly highlights.

Participation is free and open to all projects.

We will review each project using a combination of manual assessment and powered by @arbusai scoring system.

Fill it out here ⤵️

Happy Friday, everyone,

Apologies for the late response.

I'm currently on a business trip and will be taking a few days off for a family vacation.

Given the current market volatility, coupled with the Elon versus Trump situation, it might be wise to stay vigilant and keep your dry powder ready for buying fundamentally good project, especially in projects you believe could be major runner.

I've noticed that several projects I'm interested in are approaching the buying zone.

The key is patience and adaptability.

Also, ensure you have varied timeframes for your investments or trades, along with disciplined take-profit and stop-loss strategies.

Turns out attention is not all that you need.

To be success, every single token in crypto needs robust product that really solve the problems.

And this is why @gvnrdao with its upcoming $GVNR Public Sale on @joinrepublic should be in your watchlist.

Let's dive in 🧵

To claim the trenches champion title, you need the ultimate tool.

Among countless options, The Thing by @privateAIcom stands out for fans of fast-paced signals, thanks to its real-time discovery engine.

Let's dive in! 🧵

I still have three invites available for @wallchain_xyz. Let me know if anyone hasn't received theirs yet.

Let's QUACK!

It’s interesting that the crypto community remains quiet about @circle’s upcoming IPO on the NYSE, set for Wednesday, June 4th.

Circle will be valued at $7.2 billion, up from $6 billion, with 32 million shares priced between $27 and $28 each.

Notably, @BlackRock and possibly @ARKInvest are looking to take stakes as well.

➥ Key Facts:

→ USDC is the second largest stablecoin
→ Current supply: $60.3 billion (+92% year-over-year)
→ USDC represents 66% of the total stablecoin supply
→ Annualized revenue: $2.3 billion (+59% YoY)
→ Annualized gross profit: $932 million (+46% YoY)
→ Annualized net income: $259 million (+61% YoY)

➥ Possible 3-Year Scenarios (per @jonbma / @artemis):

→ Base Case: $19 billion+
→ Bull Case: $30 billion+
→ Bear Case: $5 billion+, with a possible acquisition by @cbventures

Are you ready for $CRCL?

I've accumulated a significant amount of @KaitoAI YAP.

The strategy?

Focus on the non-diluted protocol leaderboard.

That's why @NEARProtocol deserves a top spot on your list; it's just launched a $150k Kaito campaign for Yappers!

Check it out below 👇🏻

How can you earn fees without cracking the @stayloudio Top 25 leaderboard?

Simple: Master the art of smart LPing. :)

h/t @HawkFi_

Okay, let's talk the most underrated stablecoin strategy with ROI potential of ~52%.

Yes, we're talking about $csUSDL on @pendle_fi.

Let's check it out 🧵

Oh, I just checked my inbox.

@solanamobile is coming soon :)

I also can't wait for @playsolana to be released and shipped!

This is the first time I've seen 60% Mindshare on @KaitoAI

@stayloudio

Loudio.

Today, I received numerous DMs and notifications from friends about a post claiming I am an alternate account of a notorious influencer.

Frankly, I have no interest in such trivialities, and this will be the last time I address this recurring allegation.

- I am not affiliated with any organization or related entities.

- Since 2022, I have built my reputation as an educational account, operated solely by me ( @defi_mimi was an early contributor as well).

For those who wish to spread rumors or fail to research before associating me with scam accounts, I hope the Lord blesses your soul.

A heartfelt thanks to my friends who supported me and stood by my side. I'm truly fortunate to have you all!

Happy Thursday, folks!

Imagine a DeFAI Agent that fully integrated with a token launchpad.

You have the power to ask and instruct it however you wish.

$AILEEN, leads the way as the first AI powering the @basepumpFUN Launchpad.

And it's Testnet just went live (Airdrop Soon)

Let's dive in 🧵

A friend of mine once said crypto has become boring.

There’s a lot of hype, but not many real products.

But when I showed him Simpfor Fun from @soon_svm, he immediately changed his mind. Want to know why?

Simpfor might be one of the easiest ways to get people into crypto—even if they don’t realize it.

All you have to do is copy and paste trades.

Here’s how it works:

► Visit the Simpfor page and sign up. Then create your Agent Wallet, which connects to your @hyperliquidx account (make sure you have at least $100 deposited).

Just so you know, the agent wallet simply automates the signing process. All actual transactions are still tracked to your main address, so if you’re farming the next $HYPE, don’t worry—you’ll still get your rewards.

► Approve a fixed builder fee of 0.05% for each copy trade.

► Choose any trader you want to copy—whether it’s a Top Trader or a Smart Trader, just pick the one with the best track record. With one click, you’re all set. (P.S. you can also copy @JamesWynnReal)

That’s it.

No complicated steps.

The best part? All of this smooth interaction is powered by @soon_svm infrastructure.

Plus, Simpfor has even more features coming soon:

�� Livestream extensions with @Twitch integration
➡ Trading real-world assets like gold and other commodities
➡ Support for more DEXs and CEXs

It’s safe to say that Simpfor and $SOON is making crypto fun again!

Here’s the thing:

@OpenledgerHQ is the first blockchain focused on AI and enables data attribution and monetization for fully decentralized AI models

Last week, we had some exciting updates from OpenLedger:
- @OpenledgerFdn is now officially established.
- $OPN has been renamed to $OPEN.

This means one thing:
The TGE for $OPEN is coming soon.

My take is that you should take advantage of any incentivized campaigns running right now (such as @KaitoAI, Yaptopus, and testnet points) to increase your exposure to $OPEN.

Ofc, NFA + DYOR

h/t @Foresight_News / @ForesightNewsEN

Thank you, @humafinance and @KaitoAI, for the $HUMA rewards.

I have since staked all of my HUMA.

Back in 201X, I never imagined I would receive incentives for creating content.

I guess the incentives landscape has changed for the better.

Happy Monday!

Guess what? I've just signed up for @MirraTerminal.

If you're a Scouter looking to feature my content on Mirra, feel free to do so!

I've got over 700 threads ready to boost your points.

They're crafted with minimal AI; just a touch for polishing and grammar.

If you're still using your traditional telco providers.

Then, you're ngmi.

The upcoming @weRoamxyz Premium eSIM will be the new standard for the future of global connectivity.

Before you get yourself one, get on our threads to know more 🧵

While we're speculating about what @stayloudio truly is,

@arbusai AI Terminal offers its own theories based on market chatter:
"A system where engagement/ mindshare itself becomes liquid and tradable."

Let's see if Arbus AI got it right this time. 👀

cc @0x_ultra