Skycastle — Week 4 Update & Priorities
Week 4 focused on client model refinement, infrastructure scaling & resolving key bottlenecks ahead of expansion.
Client Updates
• $CODY — Refined token model finalized for the upcoming redacted token; strong alignment across team, holders & players.
• $likes — Iterating on post-token model, new revenue paths, and growth gamification.
• DEN.SHOW — Reward & gamification systems nearing activation; product polish underway.
• RIPS — Newly onboarded; token, revenue & leaderboard systems in early design.
• Funnel — 40+ founders in review; temporarily paused to focus on servicing & infrastructure.
Operations & Treasury
• Partner & Council allocations moving from Treasury next week (postponed).
• Incentive & Treasury contracts to be published publicly for transparency.
• NAV Dashboard under construction — will display all Treasury movements, client inflows & vesting schedules in real time.
Liquidity & Market Structure
• Over 90% of supply remains in Treasury; market cap currently reflects FDV rather than circulating value. Market cap is ~1/10th FDV.
• Next week’s goal is to correct market cap reflection, continue servicing active clients & draft new proposals.
• We are also exploring structured OTC placements & expanded liquidity ranges to improve access while maintaining long-term alignment.
Product Initiatives
• Development of the Skycastle Dashboard Mini-App has begun — the first interface for tracking NAV, client portfolios & Treasury.
• In parallel, early prototypes for internal coordination tools & experimental product integrations are being scoped to strengthen partner collaboration & token utility across the network.
At just 29 days old, Skycastle now holds positions across five projects, representing ~21% aggregate ownership in leading Base-native tokens.
