Gate News, March 10 — Sky Protocol governance has proposed a new plan to reduce the programmatic SKY buyback ratio based on net profit from 75% to approximately 7.5% over about three months, in order to strengthen the protocol’s capital foundation and USDS backing capacity. During the proposal period, SKY staking rewards will remain unchanged and continue to be paid in SKY, supported by the protocol’s existing reserves. Currently, the USDS circulation has exceeded approximately $11 billion. At the same time, the Sky Savings Rate has been lowered by 25 basis points to 3.75% to align with recent interest rate environment changes. The voting on this proposal will be open until March 12 at 16:00 (UTC).
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