As part of the second stage of tokenomics, 5% of the protocol’s monthly net surplus will be used to purchase SKY on the open market, followed by burning the tokens.
After launch, this mechanism will become regular: the higher the protocol’s financial performance, the more SKY can be bought back from the market and removed from circulation.
Sky is a DeFi protocol built on MakerDAO after its rebranding. The ecosystem issues the stablecoin USDS, and SKY serves as its governance token.
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