Top USDS Reward Opportunities on Ethereum - August 2025

**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 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** 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/)

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 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)