Sky Protocol proposes adjusting buyback fund allocation to enhance USDS stability
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The Sky Protocol governance body has released a proposal suggesting a temporary adjustment to the allocation of buyback funds to enhance the stability of USDS. Voting will continue until 16:00 (UTC+8) on the 12th of this month. Given that the circulating supply of USDS has surpassed 11 billion dollars, the proposal recommends reducing the programmed SKY buyback ratio from 75% of net profits to approximately 7.5%, expected to last for three months, during which SKY staking rewards will remain effective.
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