Obex incubator by Sky and Framework Ventures launches with $37M to fund stablecoin innovators

Introducing Obex, a $37M incubator by Sky (formerly MakerDAO), Framework Ventures and LayerZero to fund stablecoin innovators and enable Sky to deploy up to $2.5B in USDS to selected projects. Sky is one of the longest tenured decentralized applications: governed onchain, transparently collateralized, and proven over ~8 years. @obexincubator scales Sky by funding builders to create new yield, liquidity, and credit opportunities for the $10B protocol. Obex is built around Framework Ventures’ thesis that stablecoins can function as powerful capital-formation tools, enabling them to compete with traditional institutions in financing capital-intensive projects. Obex will bring the Sky ecosystem into new markets, enabling the USDS to be utilized at scale, anywhere there is demand: be it from capital markets or across chains. Obex is a call to builders from Sky and Framework. If you’re building at the frontier of finance and the internet, rethinking how value moves, settles, and compounds in real time, Obex is set up to enable you to innovate at scale. learn more and apply for the Q1 2026 Cohort here: https://lnkd.in/esfHevUU