Keel Launches on Solana With $2.5B Plan for DeFi and RWAs
Keel, a new Solana-native capital allocator, launched with plans to allocate up to $2.5 billion in DeFi and tokenized asset markets within the Solana ecosystem.
Keel is part of the Sky ecosystem, formerly MakerDAO, under its Endgame overhaul, which includes creating smaller autonomous units known as "stars."
The Endgame initiative focuses on governance and innovation, centered around USDS and DAI decentralized stablecoins, with a combined supply exceeding $7 billion.
Spark, another unit from the Sky ecosystem, has over $10 billion in TVL on Ethereum, while Grove focuses on collateralized loan obligations.
Keel will act as an on-chain capital allocator for Solana DeFi protocols, supported by USDS stablecoin reserves, to enhance liquidity and yield generation.
Initial integrations include Kamino, Jupiter, and Raydium, providing liquidity for lending markets and pools on Solana.
The initiative aims to attract more tokenized real-world assets (RWA) to Solana, facilitating blockchain-based financial asset movements.
Lily Liu of the Solana Foundation sees Keel as pivotal for Solana's position in global capital markets, while Rune Christensen anticipates it becoming the largest capital allocator on Solana.
