According to on-chain analyst Yu Yan's monitoring, the lending platform Spark transferred 570,000 USDS to a new multi-signature wallet on March 5th, initiating the SPK token buyback. They have already repurchased 1.84 million SPK tokens, worth approximately $36,000. This buyback plan is expected to last 12 months, with 10% of funds each month allocated for repurchasing.

The native token SKY of the DeFi protocol Sky increased by approximately 10% after the governance proposal was implemented. The proposal reduces the token issuance scale over the next 180 days, slows down the release of staking rewards, decreases potential dilution pressure, and enhances the stability of the token's value. Meanwhile, Sky continues to repurchase SKY tokens, reducing market circulation, strengthening supply and demand, and promoting the development of the USDS stablecoin lending market. This strategy reflects the industry's general trend toward optimizing token economic models.

BlockBeats News, February 9 — Sky Protocol (formerly MakerDAO) announced that last week the protocol repurchased SKY tokens worth 1.9 million USDS, totaling 31 million SKY tokens. The total repurchase amount has exceeded 108 million USDS.

PANews February 2 News, according to official data, Sky Protocol used 8.5 million USDS to repurchase 130 million SKY tokens in January. Since the repurchase plan was launched in February 2025, the total USDS used for buybacks has exceeded 106 million.

Odaily Planet Daily reports that Sky Protocol announced on the X platform that last week it spent 1.9 million USDS to buy back 29.52 million SKY. Since the launch of this plan, the total repurchase amount has exceeded 104 million USDS.

Foresight News reports that Sky Protocol (formerly MakerDAO) announced via tweet that the total supply of its stablecoins USDS and DAI has now exceeded $10 billion.

Gate News Bot message, January 07, according to CoinMarketCap data, as of press time, SPK (Spark) is currently trading at $0.03, up 12.87% in the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $62.6 million. The current market capitalization is approximately $59.3 million, an increase of $6.76 million from yesterday. Spark is an on-chain asset allocation platform focused on providing yield opportunities for DeFi users. SPK is Spark's native governance token, operating on the Ethereum mainnet, with multiple functional attributes. Users can stake SPK to participate in ecosystem security and earn Spark points; SKY or USDS holders can mine SPK by locking their tokens; SPK

PANews December 29 News, according to Sky's official disclosure, Sky Protocol repurchased 29.3 million SKY tokens last week using $1.9 million USDS. Since the buyback program started, the total repurchase amount has exceeded $96 million USDS.

Odaily Planet Daily News reports that, according to official sources, Sky Protocol disclosed that last week it spent 1.9 million USDS to repurchase 34.1 million SKY tokens, averaging 270,000 USDS per day for token repurchases. Since the repurchase plan was launched in February 2025, Sky Protocol has spent over 92 million USDS on buybacks, accounting for 5.55% of the supply.