I noticed that SKY has risen nearly 10% in recent days, and upon digging deeper, it's related to a governance update that was just deployed. They voted to slow down token emissions and expand USDS loans, which changes a lot for the dilution protocol.

Specifically, since March 2nd, the protocol has reduced staking rewards by about 161.82 million tokens over 180 days. At the same time, they launched an automated buyback program funded in USDS that removes an average of 3.6 million tokens per day. Between the emission reduction and buybacks, the supply is really tightening. No wonder the token is going up.

What also interests me is that 67% of SKY is already staked, meaning there are very few tokens in active circulation. Combined with the governance changes, this creates real bullish pressure. It's a trend we're seeing everywhere in DeFi right now—protocols are really trying to control dilution by reducing emissions and increasing buybacks to align supply with actual demand. At $0.08 currently, it's something to watch.