Sky Protocol executes strategic SKY token buyback program to enhance token value
Bitcoin News

Sky Protocol Buyback Surge: Strategic 31.57M SKY Repurchase Bolsters Token Value

Sky Protocol, the recently rebranded decentralized finance platform formerly known as MakerDAO, has executed a substantial 31.57 million SKY token buyback during the past week, deploying 1.9 million USDS from its treasury reserves. This strategic move represents the latest phase in an aggressive repurchase program that has now allocated over $102 million toward SKY acquisition […]

S&P Global's B- Sky Protocol rating indicates risks for the decentralized lending platform and its USDS stablecoin.
Press Release

Sky Protocol Rating: S&P Global Unveils Crucial B- Assessment for Decentralized Lending Platform

The world of decentralized finance just received a significant traditional finance assessment. S&P Global Ratings recently assigned a B- issuer credit rating to Sky Protocol, a prominent decentralized lending platform. This crucial evaluation offers a new perspective on the platform’s financial standing and its stablecoin, USDS. Indeed, this development signals a growing intersection between established […]