Sky Completes Second SKY Token Burn, 7.37 Million Tokens Permanently Removed from Circulation
According to Gold财经, on October 14, Sky’s official X account announced that the second SKY token burn has been completed, with 7.37 million SKY tokens permanently removed from circulation—approximately 2.6 times the amount of the first burn, which was 2.86 million tokens.
The announcement states that the funds destroyed originate from 5% of the monthly net protocol surplus, a mechanism that links protocol performance to the permanent reduction of SKY supply.
Sky Completes Second SKY Token Burn, 7.37M Tokens Permanently Removed
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Summary
Sky (formerly MakerDAO) announced on October 14 the completion of its second SKY token burn, removing 7.37 million tokens from circulation. This burn, 2.6 times larger than the first, utilized 5% of the monthly net protocol surplus. The move links protocol performance to a decreasing SKY supply. New token listings and token launch announcements continue to attract attention as projects implement supply management strategies.
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