SKY · Smart Burn Deflation

Sky's Smart Burn Engine swaps surplus USDS revenue for SKY and routes it to treasury reserve wallets (canonical 0x000 burns stopped after the July 2025 MKR→SKY migration). The DAO cut the burn pace ~87% in March 2026 to build USDS reserves; the page reflects the post-cut cadence.

Last-30d burn-equivalent

200K SKY

$14.14K

Gross deflation / month

0.0009%

Of circulating supply

Annualized gross

+0.010%

2M SKY / yr

Annualized net

+0.010%

No unlock dilution assumed

Sky Lending fees · history & projection

Daily fees from DefiLlama (the Smart Burn Engine's funding source) + 30-day moving average + forward projection.

30-day avg $1.09M / day

⇒ Annualized fees $397.17M

Click a label to toggle. Left axis: USD fees. Right axis: % change since start of price series.

90-day burn (smoothed)

272K SKY

≈ 91K / mo

Lifetime inflows (this wallet)

4M SKY

14 transfers tracked

Burn capture of fees

0.04%

Recent 30d burn $ ÷ 30d fees

Supply context

Source: CoinGecko + Etherscan.

Circulating

23B SKY

$1.64B float

Total minted

23B SKY

Wallet tracked

0xcfb050…344660

Override via SKY_BURN_WALLET

How the rate is computed

Fees:DefiLlama's Sky Lending data (summary/fees/sky-lending) — 2,300+ days of daily totals going back to MakerDAO origins.
Burns:Etherscan ERC-20 transfers TO the Smart-Burn-Engine treasury wallet — the on-chain destination after Sky's July 2025 mechanism change. (Querying the 0x000 burn address shows zero current activity, which is why naive trackers report "no burns.")
Capture: live ratio of last-30-day burn $ to last-30-day fees $. Reflects the post-March-2026 reduced cadence; it would jump roughly 7.7× if the DAO restored the prior pace.
Net annual deflation subtracts a configurable unlock rate via SKY_ANNUAL_UNLOCK_PCT (default 0).

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