Sky’s Aggressive Buyback Highlights Crypto’s Creative Edge Amid Regulatory Challenges
- Sky Protocol (ex-MakerDAO) raised daily USDS buybacks to 300,000 and shifted staking rewards to SKY→SKY, aiming to optimize tokenomics via a governance-approved update effective Nov 3. - DEX volume surged to $613.3B in October amid liquidity mining, while Binance led centralized exchanges with $810.4B volume as Bitcoin's 10% drop drove asset repositioning. - Trump's 2025 pardon of Binance's CZ sparked regulatory debates, coinciding with a 15% U.S. crypto investment surge despite $2B Binance-Trump busines
Sky Protocol, previously known as MakerDAO, has made major adjustments to its incentive mechanisms, raising its daily buyback limit to 300,000 USDS and changing staking rewards from SKY→USDS to SKY→SKY. These updates, which were ratified through a governance vote, became effective at 22:37东八区 on November 3. Participants who stake will need to manually transition their holdings to the updated system, which is designed to simplify tokenomics and boost staking rewards, as reported by
This initiative is part of a wider movement among decentralized platforms to strengthen token value through robust buyback strategies. This trend coincides with October’s all-time high decentralized exchange (DEX) trading volume of $613.3 billion, fueled by liquidity mining and airdrop participation, according to
On the regulatory front, the crypto industry continues to face political friction. Former President Donald Trump justified his 2025 pardon of Binance founder Changpeng Zhao (CZ) as a response to what he termed a "Biden witch hunt," despite controversy surrounding Binance’s $2 billion investment in Trump-affiliated projects, according to
The ongoing interaction between regulatory developments and market dynamics highlights the sector’s intricacy. While Sky’s expanded buybacks and DEX milestones point to growing institutional trust, political actions such as Trump’s pardon reveal persistent uncertainties. As the U.S. seeks to lead the global crypto landscape, finding the right balance between fostering innovation and ensuring accountability will remain a central issue for both regulators and investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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