Keel Debuts as Sky's Solana-Focused 'Star' With a $2.5B Roadmap to Boost RWAs and DeFi

Keel, a new protocol on Solana, has launched with a plan to invest up to $2.5 billion into decentralized finance (DeFi) and real-world asset (RWA) markets. This initiative is part of the Sky ecosystem, which was previously known as MakerDAO. Keel will utilize reserves from Sky’s USDS stablecoin to support Solana-based DeFi applications such as Kamino, Jupiter, and Raydium, among others. As one of Sky’s autonomous units or “stars,” Keel aims to act as a capital allocator, bridging Solana’s DeFi protocols and the broader stablecoin market. Its goal is to catalyze growth and liquidity within on-chain finance, an area that Lily Liu of the Solana Foundation believes is crucial for the platform's evolution into a leading marketplace for capital markets. Underlining its significance, co-founder Rune Christensen states that Keel is set to transform the DeFi and RWA landscape on Solana.

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