Keel, a new capital allocator native to the Solana blockchain, has launched with plans to deploy up to $2.5 billion in decentralized finance (DeFi) and tokenized asset markets. Announced on September 30, 2025, Keel is part of the Sky ecosystem, previously known as MakerDAO, and operates as an autonomous unit under Sky's Endgame strategy.
The platform will leverage a dedicated balance sheet from USDS stablecoin reserves to support Solana-native protocols, aiming to generate yield and foster growth in on-chain lending, borrowing, and tokenization. Initial integrations include partnerships with Kamino, Jupiter, and Raydium. Keel's initiative is backed by the Solana Foundation and Sky co-founder Rune Christensen, highlighting a significant push to enhance the Solana ecosystem.
Keel Launches with $2.5 Billion for Solana DeFi and Tokenized Assets
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