7.37 Million SKY Permanently Removed from Circulation as Sky Completes Second Token Burn

Odaily News: DeFi protocol Sky (formerly MakerDAO) has announced the completion of its second SKY token burn, with a total of 7.37 million SKY permanently removed from circulation, approximately 2.6 times the 2.86 million burned in the first burn. The funds for this burn came from 5% of the monthly net protocol surplus, a mechanism that links protocol performance to the permanent reduction of SKY supply.