Odaily Planet Daily reports that Sky Protocol has posted on X that it has submitted a proposal to temporarily reduce the programmatic SKY buyback rate based on net profit from 75% to approximately 7.5% over the next three months, in order to strengthen the protocol’s capital base and USDS backing capacity. Voting will remain open until March 12 at 16:00 UTC.
Sky Protocol Proposes Reducing the Token Buyback Ratio to Strengthen the Capital Base
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Summary
Sky Protocol has proposed a protocol update to reduce the SKY token buyback ratio from 75% to approximately 7.5% of net profits for roughly three months. The change aims to strengthen the protocol’s capital base and USDS backing. Voting remains open until 16:00 UTC on March 12, 2026. This move is part of ongoing efforts to optimize tokenomics and support new token listings on the platform.
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