Sky Protocol Buys Back 9.4 Million SKY Tokens

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

SKY-3.043%

DEFI-10.9800005%

Source: Coinmarketcap

Updated: Sep 16 2025

Sky Protocol's Token Buyback: Sky Protocol has repurchased 9.4 million SKY tokens, bringing the total buyback to over 1.19 billion tokens, which has contributed to an 8.1% price increase since February 2025.
Liquidity Management Strategy: The buyback reflects Sky Protocol's commitment to liquidity management and value conservation in the decentralized finance sector, utilizing USDS stablecoin from treasury funds.
Market Impact and Governance: The repurchase strategy aims to reduce circulating supply and enhance the token's market value, while governance methodologies from the previous MakerDAO team continue to influence operations.
Future Considerations: The long-term effects of the buyback on market dynamics will depend on protocol revenue generation and user engagement, with no current regulatory commentary on the actions taken.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Sky Protocol Buys Back 9.4 Million SKY Tokens

About the author

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