Sky Network, previously known as Makerdao, announced its integration with Berachain to implement Polaris, a tool designed to strengthen liquidity in decentralized finances (DEFI).
As cryptootics reported, Berachain is a layer 1 (L1) compatible with the Virtual Machine Ethereum (EVM), which uses the liquidity test consensus algorithm (POL).
In this system, participants not only block assets, They provide liquidity to defi platforms within the network. In this way, they contribute to Berachain’s security while their assets generate activity and benefits for users.
Through the official X.
Sky Integra Usds, its stablecoin with parity 1: 1 with the US dollar, to Berachain through Polaris. This implementation acts as a bridge between networks and facilitates the flow of 7.5 billion dollars to take advantage of the polic mechanismpromoting the activity and improving the liquidity in the network.
In this way, Polaris acts as A bridge that facilitates the flow of 7.5 billion dollars from Sky to Berachainto boost the activity and improve the liquidity available on the network.
With this integration, Sky Network intends to create the The first totally autonomous liquidity system Within its ecosystem.
Since the news was known, Maker’s price (MKR) remains up and, at the time of publication of this note, is The second asset with best performance in a week marked by the general market fall.
In the last 7 days, the price of MKR went from $ 1.21 to $ 1.78, which represents a 42% rise
It is important to clarify that MKR is Makerdao’s Token, one of the longest -long -lived defi projects in the Ethereum ecosystem.
As Cryptonoticias already reported, in August 2024, The organization announced its rebranding to Sky Ecosystem. As reported, it is not only a brand change but also the implementation of new functionalities and rewards in the protocol.
Since then, the protocol operates under that name with the USDS stablcoin (which replaces DAI) and the Token Sky, which replaces MKR.
However, Dai and MKR continue to circulate and, for now, are indefinitely usable for those who do not wish to migrate, maintaining its functionality within the defi ecosystem and in the exchanges where they are listed.