Sky Protocol Continues Token Buybacks with 9.43M SKY Purchase
Sky Protocol Continues Token Buybacks with 9.43M SKY Purchase
🔥 Sky's Million Dollar Move
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
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
🚀 Sky Penalty Activated
**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 Expands Stablecoin Adoption Across DeFi, CeFi, and RWAs
**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 Most Iconic Event Tonight at ION Sky - Registration Closed
**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's $2.5B Roadmap
**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.