According to ChainCatcher, Sky Protocol (formerly MakerDAO) repurchased 130 million SKY tokens in January, spending 8.5 million USDS. Since the buyback program was launched in February 2025, the total amount of USDS used for repurchases has exceeded 10.6 million.
Sky Protocol Repurchases 130 Million SKY Tokens in January, Total Buyback Exceeds $106 Million
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Summary
Sky Protocol (formerly MakerDAO) announced a $130 million SKY token buyback in January, costing $8.5 million USDS. Since the protocol update in February 2025, total buybacks have exceeded $106 million. This move is part of ongoing developments in cryptocurrency news regarding token buyback strategies.
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