The Sky ecosystem is gearing up for a possible Solana expansion as Rune Christensen, co-founder of the protocol, has proposed a short-term cross-chain migration to the Tier 1 network, the third largest total blockchain value (TVL).
Christiansen posted the proposal on the Sky (formerly MakerDAO) forum on Sept. 20 and announced the potential migration at the #Solana Breakpoint conference.
thanks to the rebranding of Maker to Sky in August, Sky's USDS stablecoin is now integrated into #Ethereum , and to "keep the momentum going, Christiansen wants to add SKY, USDS and sUSDS to the #blockchain via the Wormhole bridge. He suggests that Solana should be expanded quickly.
The move to Solana could also include a temporary SKY token incentive program launched jointly by the Sky community and the Solana #DeFi community. Such a program could encourage the adoption of SKY, USDS and sUSDS within the existing Solana DeFi protocol.
In his proposal, Lunn states, "Two important things that need to be incentivized before SkyLink is ready are USDS/USDC liquidity and USDS/sUSDS liquidity so that USDS can have a near-native experience on Solana.
The maximum number of SKY tokens available under this incentive program is 2 million SKY tokens per week.
According to DeFiLlama, Sky is the sixth largest protocol in TVL at $5.5 billion. The move to Solana is the first time this lending protocol is moving outside of the Ethereum Virtual Machine (EVM) ecosystem.
Other Solana news: Jump Crypto's Frankendancer client has launched on the mainnet, and the long-awaited Firedancer update is on the test network. Jump CSO Kevin Bowers announced the news on September 20 Kevin Bowers announced the news at Breakpoint.
Firedancer's predecessor, Frankendancer, demonstrated a staggering one million transactions per second (TPS) speed on a globally distributed cluster of 100 nodes.
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