Sky Protocol Spends 1.9 Million USDS to Repurchase SKY, Total Repurchase Exceeds 104 Million USDS

Sky Protocol Repurchase Progress

As part of a long-term incentive plan, Sky Protocol allocated 1.9 million USDS last week to repurchase 29.52 million SKY tokens through smart contracts. This move highlights the team's commitment to the ecosystem's growth and further enhances the token's circulation dynamics.

Repurchase Highlights

• Weekly Repurchase Value: $1.9 million
• Weekly Token Buyback: 29.52 million SKY
• Total Buyback to Date: Over $104 million

The team stated that the repurchase funds come from protocol earnings, with future buybacks subject to market conditions. This initiative aims to continuously reward the community and strengthen long-term confidence among token holders.