SKY Jumps Nearly 10% After Governance Vote Slows New Token Creation While Buybacks Tighten Supply

SKY jumps nearly 10% after governance vote slows new token creation while buybacks tighten supply

The protocol has repurchased about 1.83 Billion SKY tokens with USDS while a March 2 governance proposal reduced staking emissions and expanded credit infrastructure around its USDS stablecoin.

SKY token surges 10% amid aggressive buybacks and governance changes

The SKY token rallied roughly 10% over the past 24 hours as investors responded to the protocol’s ongoing token buyback program and governance updates designed to reshape its tokenomics. SKY climbs double digits as protocol buybacks fuel rally According to…