Sky Protocol Launches $1.9 Million Token Buyback Initiative

Sky Protocol has recently taken a proactive step to enhance shareholder value by initiating a token buyback program. The initiative saw the protocol repurchase 40.5 million SKY tokens worth $1.9 million USDS through its decentralized repurchase mechanism. This follows Sky Protocol’s dedication to maximizing value for its users and investors, having already deployed over $86 million USDS for such purposes since launch.