The Sky community is set to implement a new staking reward mechanism following a successful governance vote. Effective at 22:37 Beijing time on November 3, the staking rewards will transition from SKY→USDS to SKY→SKY, requiring users to manually migrate their positions. Additionally, the daily SKY buyback limit will be increased to 300,000 USDS.
In a move to bolster staking rewards, an additional 500 million SKY will be transferred to the protocol vault. This adjustment aims to enhance the community's staking incentives and streamline the reward distribution process.
Sky Community to Implement New Staking Reward Mechanism Tonight
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