Sky Protocol has allocated more than 79 million USDS for the repurchase of SKY tokens. This substantial investment reflects the protocol’s commitment to its tokenomics and market strategy. The repurchase effort aims to consolidate ownership and potentially enhance the value of the tokens within the ecosystem. By buying back the tokens, Sky Protocol seeks to support its market presence and investor confidence. Overall, this decision is part of a broader initiative to strengthen the protocol’s financial foundation and sustainability in the competitive landscape.
