Sky Protocol Launches Strategic Buyback Program: Boosting Value for Token Holders

Sky Protocol, a prominent player in the decentralized finance (DeFi) space with roots dating back to MakerDAO, has taken a significant step to bolster its token value. The protocol recently executed a substantial buyback program, investing $1.39 million last week to repurchase 17.32 million SKY tokens from the open market. This strategic move signals the project’s commitment to long-term health and stability, offering valuable insights into its financial strategies.