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 Protocol Accelerates Token Buybacks with 154M SKY Purchase in November
**Sky Protocol** significantly ramped up its token buyback program in November, purchasing **154 million SKY tokens** using 7.8 million USDS. This represents a major increase from the previous week's 40.5 million SKY buyback using 1.9 million USDS. **Key metrics:** - Total program buybacks now exceed **88 million USDS** - November's activity shows accelerated pace - All buybacks follow decentralized mechanism The buyback program operates through Sky Protocol's **Smart Burn Engine**, with parameters defined in the Sky Atlas and approved by Sky Ecosystem Governance. View real-time buyback activity at [Sky Protocol's dashboard](https://info.sky.money/buyback/activity/)
Sky Protocol Launches New USDS/stUSDS Pool on Curve with 500K Incentives
Sky Protocol has deployed a **new USDS/stUSDS pool** on Curve Finance with **500,000 USDS in incentives** distributed over three months to liquidity providers. **Key Changes:** - New pool functions as the **intended discount market** for stUSDS - Old sUSDS/stUSDS pool will now provide **boosted rewards** on top of stUSDS - Configuration fix addresses previous liquidity depth issues **Pool Details:** - New USDS/stUSDS pool: [Curve Link](https://www.curve.finance/dex/ethereum/pools/factory-stable-ng-628/deposit) - Address: 0x2C7C98A3b1582D83c43987202aEFf638312478aE - Old pool continues with enhanced rewards The deployment was **authorized by Sky Atlas** following governance voting. The Core Council may take additional actions to improve stUSDS liquidity conditions as needed. *All funds remain safe and users can withdraw anytime from existing pools.*
Sky Protocol Buyback Update: 1.12B SKY Tokens Purchased
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](https://sky-atlas.powerhouse.io/A.3.6_Surplus_Buffer_and_Smart_Burn_Engine/c58d38dc-4b17-4c0a-a1df-546a06612c54)
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)