Sky, formerly known as MakerDAO, has announced its integration with Berachain as part of its “agent framework.”
Sky, formerly known as MakerDAO, has announced its integration with Berachain as part of its “agent framework.” This collaboration aims to leverage Sky’s USDS stablecoin within Berachain's infrastructure, enhancing liquidity across decentralized finance (DeFi) protocols.
The integration involves deploying Polaris, one of Sky's recent products, onto Berachain, which is recognized for its proof-of-liquidity (PoL) consensus mechanism.
This move is expected to create what is referred to as a “fully autonomous liquidity system.” The PoL mechanism incentivizes users to provide liquidity while keeping their assets functional within various DeFi applications.
Sky’s liquidity platform, supported by over $7.5 billion in USDS stablecoin, will now be accessible to Berachain's users. This initial phase focuses on enabling cross-chain capabilities for USDS holders, allowing them to participate in Berachain’s DeFi offerings, including lending, trading, and yield farming.
Rune Christensen, founder of Sky, highlighted the rapid development enabled by the Sky Agent Framework, emphasizing its potential to scale new and growing ecosystems. The integration is seen as a significant step towards combining Sky’s robust liquidity engine with Berachain’s unique architecture.
Sky’s ecosystem primarily revolves around the USDS stablecoin and the SKY governance token, which have succeeded MakerDAO’s DAI and MKR tokens.
Originally launched on the Ethereum blockchain, Sky has evolved since its inception in 2017, gaining prominence through the creation of the DAI stablecoin, one of the first decentralized stablecoins pegged to the U.S. dollar.
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