Sky, previously known as MakerDAO, is set to introduce its decentralized stablecoin, USDS, on Solana using the Wormhole interoperability protocol. Rune Christensen, the founder of Sky, revealed this development at the Solana Breakpoint conference. With Sky being the sixth-largest DeFi protocol, valued at $5.5 billion, the integration aims to drive rapid expansion on Solana. Despite differences in infrastructure between Ethereum and Solana, Wormhole serves as a temporary solution for early momentum. Sky also plans a liquidity incentive program to encourage DeFi integrators and liquidity providers on Solana. The program, managed by Accessibility Facilitators, will offer up to 2 million SKY tokens weekly. These rewards will transition to Sky's native tokens post the Solana SkyLink launch. Seeker by Solana Mobile, scheduled for 2025, promises enhanced web3 integration. Bitcoin and Ethereum have surged amid anticipation of a Fed rate cut. ZKSync's governance remains multisig, while Alameda Research moved $300,000 worth of crypto to centralized exchanges. Disclaimer: The opinions expressed are those of the writers and not CryptoSlate's. Trading cryptocurrencies carries high risks, so conduct thorough research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news