Sky Proposes to Reduce Token Buyback Ratio to Strengthen Protocol Capital Base

Odaily reported that Sky Protocol posted on X, stating that a proposal has been submitted. The plan is to temporarily reduce the programmatic SKY buyback ratio based on net profit from 75% to approximately 7.5% over about three months. This adjustment aims to strengthen the protocol's capital base and the backing capacity of USDS. Voting will remain open until March 12th, 16:00 (UTC).