Sky Protocol Buyback Update: 1.​12B SKY Tokens Purchased

**MKR to SKY upgrade penalty is now live** - 1% fee started September 22nd, increasing 1% every 3 months. **Major exchange listings** - SKY token now available on Binance and OKX as upgrade process nears completion. **New partnership announced** - Keel joins as Sky's newest Star with $2.5B liquidity roadmap for Solana capital allocation. **Strong protocol metrics:** - Over $1.2B in SKY buybacks completed - 10B SKY tokens now staked earning USDS rewards - 27M USDS distributed to stakers by September 26th **Community engagement returns** - Weekly Sky Community Calls resumed on Discord every Thursday. Upgrade your MKR before penalties increase further at [upgrademkrtosky.com](http://upgrademkrtosky.com)

**Spark is positioning itself as a key driver** for stablecoin adoption across multiple sectors within the Sky Ecosystem. The expansion targets three main areas: - **DeFi protocols** and decentralized applications - **CeFi platforms** and traditional financial services - **Real World Assets (RWAs)** tokenization projects This strategic move builds on Spark's previous focus on Asian stablecoin markets, now broadening to accelerate growth ecosystem-wide. **The initiative aims to increase** utility and integration of stablecoins across diverse financial infrastructure, potentially driving wider adoption of Sky's USDS and related products. Spark's multi-sector approach could establish new bridges between traditional finance and decentralized protocols, expanding the reach of Sky Ecosystem services.

**Token2049's flagship event** is happening tonight at ION Sky. - Registration has **closed due to high demand** - Attendees advised to **arrive early** - Event positioned as the conference's most iconic gathering The exclusive nature and venue selection at ION Sky suggests this will be a premium networking opportunity for the crypto community during one of Asia's largest blockchain conferences.

**Keel**, the newest addition to the Sky Ecosystem, launched as Solana's Capital Engine with an ambitious **$2.5 billion liquidity roadmap**. The platform focuses on: - Scaling liquidity across Solana - Expanding credit solutions - Growing tokenized assets Cian Breathnach, Founder & CEO of Matariki Labs and Keel contributor, presented the roadmap at the **Stars in the Sky** conference. Keel aims to **unlock the next phase of growth** in Solana DeFi by serving as the network's primary capital engine, powered by Sky's infrastructure.

**Sky Protocol** executed another weekly buyback, spending **0.7 million USDS** to purchase **9.43 million SKY** tokens. This brings the protocol's **total buybacks to nearly 77 million USDS** since the program launched. Key details: - Buybacks operate through a **decentralized mechanism** - Parameters are governed by **Sky Ecosystem Governance** - Full specifications available in the [Sky Atlas](https://sky-atlas.powerhouse.io/A.3.6_Surplus_Buffer_and_Smart_Burn_Engine/c58d38dc-4b17-4c0a-a1df-546a06612c54|57ea) The systematic buyback program demonstrates Sky Protocol's commitment to **token value management** through governance-approved mechanisms. Track ongoing buyback activity at [info.sky.money](https://info.sky.money/buyback/activity/)