Sky Protocol Buyback Update: 1.12B SKY Tokens Purchased
Sky Protocol Buyback Update: 1.12B SKY Tokens Purchased
馃敟 1.12B Tokens Gone Forever
The Sky Protocol continues its systematic buyback program, using 1.4 million USDS to purchase 16.9 million SKY tokens last week. The total buyback has now reached 1.12 billion SKY tokens since the program's inception.
The protocol maintains strong performance with:
- Over $100M in estimated annual revenue
- Average daily buybacks of $250K
- Total buyback value of approximately $80M
The buyback mechanism operates through decentralized parameters defined in the Sky Atlas and approved by Sky Ecosystem Governance.
For more details: Sky Atlas Documentation
Last week, the Sky Protocol used 1.4 million USDS to buy back 16.9 million SKY. 1.12B SKY bought back since the program began.
Top USDS Pools and Rewards Update
**Latest USDS Pool Rankings on Ethereum**: - Aave V3: ~80M USDS - IMF on MorphoLabs: ~56M USDS - sUSDS/USDT on CurveFinance: ~51M USDS - Spark on MorphoLabs: ~50M USDS - Yearn: ~46M USDS **Current Reward Rates on Ethereum**: - Yearn USDS Vault: ~19% - Yearn Sky Rewards: ~8.9% - Beefy Moo Sky USDS: ~8.7% - Compound USDS: ~7.6% *Data sources: DefiLlama & vaults.fyi* Check current rates at [vaults.fyi](https://analytics.vaults.fyi/vaults?selectedTokens=USDS)
Sky Money App Launches One-Click Bundled Transactions
Sky Money App has implemented bundled transactions using the EIP-7702 standard, allowing users to combine multiple actions into a single transaction. - **Key Features**: - Multiple actions (approve, supply, save) in one click - No separate approval steps needed - Enabled by default - Based on open EIP-7702 standard The feature requires Smart Account activation on first use. Users can disable bundling via an in-app toggle. This update significantly improves UX by reducing transaction steps and associated costs.
S&P Global Ratings Issues First-Ever Stablecoin Credit Rating to Sky Protocol
S&P Global Ratings has made history by issuing its first stablecoin system credit rating to Sky Protocol, assigning it a **B- rating with stable outlook**. Key assessment points: - Credit risk of USDS/sUSDS liabilities - Liquidity buffers in USDC and tokenized money market funds - Track record of minimal loan losses - Governance and regulatory risk profile Path to investment-grade rating requires: - Decentralizing key functions - Reducing individual dependencies - Expanding token holder participation - Dynamic surplus reserve adjustment - Prevention of excessive depositor concentration [Full report](https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3421145)
Sky Ecosystem July 2025 Growth Report
Sky Ecosystem reports significant growth in July 2025: - TVL increased 66% from $900M to $1.5B - USDS supply grew 8.2% to $7.5B - SKY staking reached $800M with 15% annual rewards - Protocol revenue hit 2025 high of $230M - Treasury peaked at $1.21B - SKY buybacks exceeded 3% of total supply - MKR to SKY upgrade passed 56% completion Key driver: SPK rewards program attracted major inflows, with USDS supplied growing from 400M to 1.3B. View real-time metrics at [Sky Analytics Dashboard](http://info.sky.money)