$SKY just had Uniswap plug its LitePeg engine straight into DAI, USDS and USDC swaps, and the coin is up 24.39% on the week because of it.
that's plumbing. LitePeg lets those three stablecoins swap 1:1 through Sky's own peg mechanism now, which means every trader routing through Uniswap for stablecoin swaps is quietly touching Sky's infrastructure. more routed volume, more reason for SKY to matter beyond the chart.
today's a different story though. SKY is down 2.6% on the day, pulled back off the 24h high of $0.07046. that's just cooldown after a week that ran hot, not a reversal of the integration story.
right now $SKY trades at $0.06778. if it holds the 24h low of $0.0667, i think it grinds back up toward that $0.07046 high as the LitePeg volume story keeps building. if it loses $0.0667, i'm wrong on this and anyone who bought the integration pump is holding a bag with no floor left to point to.
holding $0.0667 or losing it?
that's plumbing. LitePeg lets those three stablecoins swap 1:1 through Sky's own peg mechanism now, which means every trader routing through Uniswap for stablecoin swaps is quietly touching Sky's infrastructure. more routed volume, more reason for SKY to matter beyond the chart.
today's a different story though. SKY is down 2.6% on the day, pulled back off the 24h high of $0.07046. that's just cooldown after a week that ran hot, not a reversal of the integration story.
right now $SKY trades at $0.06778. if it holds the 24h low of $0.0667, i think it grinds back up toward that $0.07046 high as the LitePeg volume story keeps building. if it loses $0.0667, i'm wrong on this and anyone who bought the integration pump is holding a bag with no floor left to point to.
holding $0.0667 or losing it?
