Overview
- The Feb. 27 proposal executed on Mar. 2 normalized staking emissions to roughly 838.18 million SKY over 180 days, trimming about 161.82 million from the prior schedule.
- The buyback program has spent around $114.5 million, executing frequent ~$10,000 purchases that currently remove about 3.6 million SKY each day.
- Two new Launch Agents were approved to deploy credit and manage liquidity infrastructure connected to the USDS stablecoin system.
- Protocol data show roughly 67% of SKY is staked, reducing the tradable float and tightening market liquidity.
- The changes align with a broader DeFi shift toward revenue-backed buybacks and lower emissions, with parallels at Hyperliquid, Jupiter and dYdX.