@skycastle
Week 5 Update & Priorities
Week 5 focused on client modeling, infrastructure progress, and several new product & capital initiatives.
// Client Updates //
• Continued refinement of client token, product & revenue models across the portfolio.
• Active work on capital formation strategy, deck review & TGE preparation for multiple projects in the Pipe.
• Funnel remains strong at ~45 founders, with additional proposals & an announcement going live later today.
// Dashboard MiniApp //
Significant progress on the Skycastle Dashboard, led by @derek. The dashboard will display NAV in real time, including vested positions, token warrants, partner holdings & all incentive distributions, serving as a single interface for transparency across the network. Launch expected in the coming weeks.
// Council Expansion //
The first Council Cohort invites are now live. Roughly a dozen new members are expected to be onboarded; expanding network depth, domain expertise & client capacity across across the next week. The Council team will grow to 64 over the next few months.
// Market Structure & Incentives //
Our market cap has been corrected, and is now accurately reflecting circulating value rather than FDV across CoinGecko, DEXScreener & Farcaster.
October referral incentives will be distributed early next week. Referrals remain highly lucrative — graduated referrals currently earn five-figure $SKY incentives. Office hours; four figures. All rewards will be locked & vested to maintain long-term alignment. The idea is simple: help founders, get paid.
// Product Initiatives //
Two new experiments are underway:
• Index Deposit Box — a one-to-one deposit product (launching first with $CLANKER) to exchange ecosystem tokens directly OTC for $SKY.
• Bridge Program — a self-repaying loan mechanism offering short-term, zero-interest financing to founders ($10–25k) to avoid premature TGEs & maintain momentum.
// Looking Ahead //
Next week’s focus:
• Continue client servicing & onboarding new Council members.
• Push Dashboard Mini-App toward release.
• Expand product testing for the OTC and Bridge programs.
• Advance two new client proposals & begin preparations for upcoming TGEs.
Skycastle continues to scale, support founders, experiment with infrastructure & compound productive assets.