First SKY burn complete: 2.86M SKY purchased

The first SKY burn is complete, with 2.86M SKY purchased on the open market using 5% of the monthly Net Protocol Surplus, according to Sky Ecosystem. The buy-and-burn is part of Sky's broader token economics, where a portion of protocol surplus is directed to repurchasing and burning SKY. The news was circulated by Spark's account, though it pertains to the Sky protocol rather than Spark itself.