Sky Union liquidated 25 million LDOs and used the proceeds to repurchase 36,000 MKRs
2024-10-12 11:38:07
Odaily News According to the monitoring of on-chain analyst Yu Jin, the 25 million LDOs co-founded by Sky Ecosystem (formerly MakerDAO) and Rune were finally sold out today. The sales cycle of these LDOs is nearly 3 years, and most of the funds obtained were used to buy MKR. 25 million LDOs were sold at an average price of $1.87, with a profit of up to 46.73 million (221 times); 30.02 million of the funds obtained from the sale of LDOs were used to repurchase 36,000 MKRs, with an average purchase price of $833.
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