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only in crypto do we get such obviously mispriced assets
$SKY has been mispriced all year
it's outperformed the market since Feb, but the fundamentals of the asset continue to grow
it's a complex asset to understand, but once you do, it becomes very obvious
23.7. klo 21.37
the past few days $SPK has run >3x, now ~$1.43bn FDV
meanwhile $SKY hasn't moved yet, now ~$1.97bn FDV
but the Sky treasury actually holds 65% of $SPK (w/ plans to use over 10 years to incentivize USDS growth), now worth ~$1bn
feels like one side is mispriced
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