Sky unveils Solana asset allocation project 'Keel'

Uk Jin

Summary

Sky announced the launch of the Solana-based asset allocation project 'Keel'.
Keel said it plans to deploy about $2.5 billion into DeFi and the real-world asset tokenization (RWA) market.
It said it will allocate separate assets from Sky's USDS reserves to provide liquidity to Solana DeFi apps.

The decentralized finance (DeFi) protocol Sky (SKY, formerly MakerDAO) announced on the 30th that the Solana (SOL)-based project Star (the name of the decentralized organization within the Sky ecosystem) 'Keel' has launched.

According to a CoinDesk report, Keel plans to deploy up to $2.5 billion into DeFi and the real-world asset tokenization (RWA) market as part of its roadmap.

Specifically, Keel will be allocated separate assets from Sky's stablecoin USDS reserves to provide liquidity to Solana DeFi apps such as Kamino (KAMINO), Jupiter (JUP), and Raydium (RAY). Through this, it aims to revitalize the Solana ecosystem, including lending, liquidity pools, and routing markets.

SKY