Of the 1 billion total supply, 62% belongs to the ecosystem fund, 16% to ApeCoin issuer Yuga Labs, 8% to Bored Ape Yacht Club (BAYC) founders and 14% to independent launch contributors. The unlocks for Yuga and BAYC founders are scheduled for next March, and this weekend’s unlocks are part of the token supply earmarked for contributors.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...