Bastion opposes SkyAI tender following Solana treasury liquidation

A heated governance debate has emerged between Bastion and the SkyAI project following a controversial treasury decision. Recent reports confirm that the SkyAI team liquidated 70 percent of their Solana holdings, a move that has drawn sharp criticism from stakeholders. Bastion has officially announced its opposition to the current SkyAI tender, citing concerns regarding financial management and the long term viability of the project treasury.

The decision to sell a large portion of the SOL treasury caught many investors by surprise, as it significantly reduced the project exposure to the Solana ecosystem. Bastion argues that this liquidation was conducted without sufficient transparency or a clear plan for the deployment of the resulting capital. In their official statement, they highlighted the potential negative impact of such a massive sell off on market sentiment and the overall stability of the treasury reserves.

This dispute reflects a growing friction within the decentralized finance sector regarding how protocols handle their assets. When projects hold large amounts of SOL, the community often views these holdings as a commitment to the network. By liquidating these assets, the SkyAI team has effectively signaled a shift in their treasury strategy that contrasts with the initial expectations of their supporters. Bastion is now leading an effort to block the tender, urging other participants to prioritize accountability and asset preservation.

Market analysts suggest that this conflict could lead to a broader restructuring of the SkyAI governance model. If the community aligns with the position taken by Bastion, the project may be forced to implement stricter controls on treasury movements and mandatory voting periods for any asset sales of this magnitude. Such a move would be a win for decentralized governance, ensuring that the team cannot unilaterally exit positions that the community considers vital to the protocol health.

As the situation unfolds throughout 2026, the outcome of the tender will likely serve as a case study for treasury governance. Both projects will need to navigate the fallout of this disagreement carefully. Investors holding positions in either project should remain cautious, as the uncertainty surrounding the treasury could lead to increased volatility in the coming weeks. Communication from the SkyAI core team remains the most critical factor to monitor for those looking to understand the rationale behind the sale.