Sky completed the second token burn: 7.37 million SKY permanently removed from circulation

The DeFi protocol Sky (formerly MakerDAO) announced that the second SKY token burn has been completed, with a total of 7.37 million SKY permanently removed from circulation, approximately 2.6 times the initial burn of 2.86 million.

The funds for this burn come from 5% of the monthly net protocol surplus, and this mechanism ties the protocol's performance to a permanent reduction in the supply of SKY.