# Sky Completes Second Burn, Destroying 7.37 Million SKY Tokens

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/31664
Published: 2026-10-14T08:32:08.000Z
Updated: 2026-10-14T08:32:08.000Z
Section: Technology

> The second burn was about 2.6 times the size of the first. Sky’s Stage 2 framework directs 5% of monthly net surplus to SKY buybacks and burns.

Sky completed its second token burn, destroying 7.37 million SKY tokens, about 2.6 times the amount burned in the first event.

Under its Stage 2 capital allocation framework, Sky uses 5% of monthly net surplus for SKY buybacks and burns.