After Spark released a proposal yesterday to significantly lower the buyback threshold, MakerDAO immediately removed SPK from its staking rewards, cutting off Spark's 'blood supply' and directly reducing SPK emissions by 30%. As shown in the image below, the current staking rewards for SKY only come from two sources: SPK and SKY. MakerDAO essentially sacrificed the utility of its own SKY token to ensure SPK's buyback proposal passes the vote. Otherwise, with one faucet flowing in and another flowing out, no amount of buybacks could offset inflation. Here’s the SPK buyback proposal: it significantly lowers the buyback threshold, reducing the original 2-year safety cushion to 1 year, cutting the risk reserve locked in the protocol from $5 million to $1 million, and increasing the proportion of reserve funds used for buybacks from 10% to 25%. These three changes will allow more idle funds to be used for buybacks. Additionally, the income lookback period is reduced from 1 year to 3 months, enabling a more flexible reflection of current profitability to trigger excess buybacks. https://forum.sky.money/t/saep-09-adjust-subdao-proxy-management/27637 With MakerDAO no longer draining Spark, reducing subsidy inflation, shutting off the faucet, and Spark ramping up buybacks to open the inflow faucet wider, the long-criticized mining token issue with Spark will gradually improve and be resolved. The incentive-compatible governance model of MakerDAO + Spark and other SubDAOs is a benchmark example that all projects should learn from.