[Sky Significantly Reduces Buybacks to Increase Stablecoin Reserves in Response to Potential Oil Price Shocks] According to DL News, the DeFi protocol Sky has voted to reduce its governance token buyback program from $300,000 per day to $37,600 per day, a decrease of approximately 87%, for a period of three months. Sky founder Rune Christensen stated that this move is aimed at addressing the potential 'massive oil price shock' that could be triggered by the Iran war and enhancing the reserve security of USDS and DAI. Data shows that USDS supply has grown by over 22% in the past 30 days to approximately $7.9 billion, while DAI has increased to $4.5 billion. The protocol's 'backstop capital' used to support stablecoins remains roughly unchanged at $50 million. Previously, S&P Global had assigned Sky a B- rating, citing its low surplus buffer. After halting high buybacks, Sky plans to prioritize replenishing its surplus buffer and retain other measures to maintain peg stability, such as issuing SKY tokens or reclaiming assets from sub-protocols.