# Sky Pattern proposes a 35 million USDC River SPV II transfer allowance

> The proposed configuration would permit up to 35 million USDC immediately, replenishing at 10 million USDC per day. Funds transferred would leave Pattern's on-chain recovery controls and depend on the off-chain arrangement.

- URL: https://riadefi.com/on-chain/2026-10-07-sky-pattern-river-spv-ii-transfer-allocation/
- Type: Economic change
- Stage: Proposed
- Evidence: confirmed
- Materiality: material
- Event date: 2026-10-07
- Version: 1, published 2026-10-08 (first published 2026-10-08)
- Follow-up: 2026-10-16
- Advisor-relevant: no
- Affects: Sky (protocol)

## What happened

PatternDevCo proposed enabling a USDC transfer destination for the River I allocation to River SPV II through Pattern's existing Liquidity Layer.

## What changed

The proposed configuration would permit up to 35 million USDC immediately, replenishing at 10 million USDC per day. Funds transferred would leave Pattern's on-chain recovery controls and depend on the off-chain arrangement.

## What did not change

The spell is configuration only and would transfer no funds itself. The record establishes neither approval nor execution nor actual River funding.

## Confirmed

- The proposal specifies maxAmount of 35,000,000 USDC and a refill rate of 10,000,000 USDC per day.
- The proposed destination is 0xfD2cB7Ebbb339B9AA4E9C60e5aFa460F4888320F.
- Transfers would be initiated separately by the Pattern Relayer Multisig.
- The technical scope describes the destination as an EIP-7702 delegated externally owned account whose private-key holder can move funds and change the delegation.
- The scope states that transferred funds cannot be recovered through the Liquidity Layer.
- The proposed schedule anticipates spell publication on October 22 and execution around October 26.

## Still open

- Final approval, risk-advisor confirmation, destination-verification receipts, and executed rate-limit state are not established.
- The underlying allocation's legal priority, asset composition, recovery terms, and enforceability require diligence.
- The scope's claim of 250 million dollars of FDIC insurance per account is not independently established and must not be treated as verified coverage.
- The record does not establish direct CLO exposure in USDS backing or a counterparty default.

## What it means for an advisor

- Review the Sky memo's allocator counterparty and recovery analysis before recognizing the proposed River capacity.
- Require legal and custody evidence for the destination, including authority over the delegated account and independently supported insurance limits.
- Assess the 10 million USDC daily replenishment separately from the 35 million USDC instantaneous allowance.
- Monitor approval, execution, and subsequent transfers as distinct events.

## Sources

1. [Technical scope for the October 22, 2026 Pattern Prime spell](https://forum.skyeco.com/t/technical-scope-for-the-october-22-2026-pattern-prime-spell/28295) · Sky governance — PatternDevCo · 2026-10-07


---

Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.