INTRODUCING KEEL: SOLANA'S CAPITAL ENGINE

Summary from the TLDR Crypto newsletter

Keel launches as Solana's capital engine, powered by Sky (formerly MakerDAO), to address the blockchain's liquidity sequencing challenge, where onchain finance needs scale to attract large capital pools, but large capital requires existing scale to deploy effectively. The protocol serves as an onchain capital allocator with an initial $2.5 billion roadmap, utilizing over-collateralized debt and Sky's proven infrastructure to kickstart capital allocation flywheels and provide multiplicative force for ecosystem growth. Keel focuses on five areas: deeper stablecoin lending markets enabling larger borrowing sizes with greater capital efficiency, enhanced stablecoin swap depth and peg stability, TVL bootstrapping for new issuances and DeFi products, predictable savings yields with native staking and fee-free redemption, and RWA support through large-scale allocation into tokenized yield-bearing assets while improving onchain liquidity and redemptions.