Sky reduces daily buybacks from $300,000 to $37,600, an 87% cut

Jinse Finance reported that on March 13, SkyProtocol (formerly MakerDAO) governance passed a proposal to reduce the token buyback scale from $300,000 per day to $37,600 (a decrease of approximately 87%) for a period of three months, in order to strengthen the reserves of stablecoins USDS and DAI. Founder Rune Christensen stated that this move is to address potential risks from a global oil shock.