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Sky Protocol, formerly known as Maker, has deployed $75 million in token buybacks since February. The aggressive repurchase program has correlated with an 8% price appreciation for SKY tokens over six months. The latest August buyback utilized 5.5 million USDS stablecoins to acquire 73 million SKY tokens.
- Executed $75 million in token buybacks using USDS stablecoins over six months
- August 2024 buyback: 5.5 million USDS for 73 million SKY tokens
- 8% token price appreciation observed since buyback program inception in February
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