Sky SkyYap

## gist:646655e3b5f81f7a53600c3da5d06ec0

      
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                SkyYap
                / gist:646655e3b5f81f7a53600c3da5d06ec0
            
            
              Last active
              September 30, 2025 15:27
            
          
Component
Purpose
Onchain Design
Risks


Liquidity Buffer
Absorb withdrawals, shocks
Hold 10–30% in ultra-liquid stable assets
Too small → bank runs; too large → idle capital


Fractional Reserves
Expand capital efficiency
Deploy surplus into DeFi lending, RWAs
Smart contract risk, defaults


Tranching
Risk segmentation
Users choose liquid vs locked tranches
User confusion, mispricing


Redemption Protocols
Manage exits
Queues, windows, priority tiers
Stress exits exceed buffer


Loss Waterfall
Absorb losses
Predefined sequence of who bears loss
Requires clear rules & consent


Monetary Governance
Adjust policy
Token voting, councils, algorithm
Governanc
Component	Purpose	Onchain Design	Risks
Liquidity Buffer	Absorb withdrawals, shocks	Hold 10–30% in ultra-liquid stable assets	Too small → bank runs; too large → idle capital
Fractional Reserves	Expand capital efficiency	Deploy surplus into DeFi lending, RWAs	Smart contract risk, defaults
Tranching	Risk segmentation	Users choose liquid vs locked tranches	User confusion, mispricing
Redemption Protocols	Manage exits	Queues, windows, priority tiers	Stress exits exceed buffer
Loss Waterfall	Absorb losses	Predefined sequence of who bears loss	Requires clear rules & consent
Monetary Governance	Adjust policy	Token voting, councils, algorithm	Governanc