Sky has removed SPK rewards for staking SKY, and combined with the buyback, this can reduce the net emission of SPK by 40%.
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According to Odaily, Sky has removed the Spark (SPK) token rewards for staking SKY tokens. Sky's official post on X stated that this move will reduce SPK emissions by approximately 30%. Combined with the proposed updates to the Spark buyback parameters, these adjustments are expected to reduce net SPK emissions by 40%.
Based on current net income and SPK price calculations, this equates to a reduction of approximately $23 million in emissions over the next 12 months.
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