🚀 Sky (formerly Maker) has just launched the USDS stablecoin on Solana, marking an initial step in Solana's DeFi liquidity growth strategy! 💰

- USDS is the first DeFi-native stablecoin on Solana, opening up new opportunities for borrowing, lending, and trading.

- The SkyLink crosschain bridge will be launched soon, pending governance approval.

- Sky rewards early users and liquidity providers of the stablecoin across various DeFi protocols.

📈 Solana DeFi is growing rapidly, with total value locked increasing by 487% YTD, reaching $8.34 billion. However, its popularity is primarily due to memecoins.

📊 USDS is currently the 3rd largest stablecoin with a market cap of $5.3 billion, accounting for 2.8% of the market.

Discuss now: What do you think about the development of DeFi on Solana? 🤔💬