Sky completes first burn of 2.86 million SKY using 5% of monthly profit
- —2.86 million SKY burned — the first burn in the protocol's history
- —The buyback was funded by 5% of Sky's monthly net surplus
- —The tokens were purchased on the open market and permanently removed from circulation
Why it matters: The launch of the deflationary mechanism reduces SKY supply and ties the token's price to protocol revenue.
Source: ChainCatcher 链捕手