- Sky partners with Berachain to integrate its $7.5B USDS stablecoin into DeFi services.
- Polaris deploys Sky’s liquidity on Berachain, enabling new cross-chain DeFi possibilities.
- Sky’s Agent Framework speeds up integration, boosting DeFi scalability with Berachain.
Sky (formerly MakerDAO) has entered the blockchain world by signing with the Berachain blockchain platform. This successfully places Sky’s liquidity platform in Berachain through Polaris, one of Sky’s new products. The implementation idea takes Sky’s 7.5 billion USD worth of USDS stablecoin and Berachain’s distinct Proof of Liquidity (PoL) consensus.
The integration enables the use of the USDS token to engage in the following Berachain DeFi services, including lending, trading, and yield farming. Polaris, which leverages Sky’s balances, is prepared to invest in Berachain’s increasing ecosystem. Through this partnership, users can access new possibilities of utilizing decentralized applications (dApps) in Berachain.
Berachain’s PoL Mechanism
Berachain’s PoL mechanism enables staking to bring and use an asset to the DeFi ecosystem. This has been realized at Sky by integrating the USDS within this framework that offers customers a unified liquidity experience. This integration is important for MOBOX and Mooniswap as both work to increase DeFi’s possibilities.
Sky’s founder, Rune Christensen, expressed his enthusiasm on social media platform X. He commented on the system on the Sky Agent Framework’s speed, noting that it can grow big.
This is a great example of how fast its possible to move with the Sky Agent Framework when you have founder + capital.
Sky’s Evolution and USDS Role
Sky has existed since it commenced operations in early 2017. It was initially established to facilitate the creation of DAI, the first decentralized stablecoin. DeFi has now positioned itself at the center of DeFi. The new stablecoin of the USDS has taken part of the DAI and has become the base of Sky’s liquidity.
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This new partnership created by Sky also strengthens its position in the DeFi market and presents the increasing significance of cross-chain integration and connection in decentralized finance. With this new integration, Sky and Berachain seek to be at the cutting edge of the DeFi movement and change the very nature of liquidity supply.
