SKY expands the repurchase scale, with a daily SKY repurchase limit increased to 300,000 USD.

On November 3, the latest execution vote of the Sky protocol (formerly MakerDAO) has officially passed: the staking rewards mechanism has been updated: the original SKY → USDS reward model will be replaced by the SKY → SKY reward model, and stakers need to manually migrate to the new system. Buyback scale expansion: the daily SKY buyback limit has been increased to 300,000 USDS. Treasury funding replenishment: the protocol will transfer 500 million SKY to the treasury for subsequent staking reward distribution. The approval of this proposal marks a significant adjustment in the incentive mechanism and token economic model of the Sky protocol, with relevant updates set to take effect successively.

SKY-0.03%
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