Geoff Kendrick calls Sky "DeFi's federal bank" and forecasts a five-fold rise in the value the protocol passes to token holders by end-2028. The thesis runs on USDS supply growth.
The projected rise of SKY highlights the growing influence of DeFi in traditional finance, potentially reshaping stablecoin market dynamics.
The bank expects Sky to pass five times as much value to token holders by 2028 as USDS adoption and borrowing capacity continue to expand.
