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Sky proposes a plan to reduce the token buyback ratio to strengthen the protocol's capital foundation
Odaily Planet Daily reports that Sky Protocol posted on the X platform that a proposal has been made to temporarily reduce the programmatic SKY buyback ratio based on net profit from 75% to approximately 7.5% within about three months. This is intended to strengthen the protocol’s capital foundation and USDS backing capacity. Voting will be open until March 12th at 16:00 (UTC).