Sky Announces a Connection to Berachain, Deploying Polaris
Key Points
- Sky connected to Berachain, integrating Polaris as part of its “agentic framework.”
- SKY’s USDS stablecoins will be integrated into Berachain’s architecture to boost DeFi liquidity.
Sky announced a connection to Berachain, revealing Polaris on Bera, the first fully autonomous “Star” in the Sky ecosystem, according to official notes via X. The move is part of its “agent framework”, aiming to blend two DeFi ecosystems.
Polaris Brings a New Era for USDS Cross-Chain Expansion
This latest move involves deploying Polaris – one of the latest Sky ecosystem products – onto Berachain.
Berachain is a high-performance EVM-compatible blockchain known for its PoL – Proof-of-Liquidity consensus mechanism, aligning security and liquidity.
Berachain’s PoL incentivizes users to provide liquidity to the network while keeping assets usable in DeFi protocols.
The move aims to combine Sky’s liquidity platform backed by more than $7.5 billion in USDS stablecoins with the architecture of Berachain.
Sky’s USDS integration into Berachain via Polaris will create a “fully autonomous liquidity system.”
The Sky ecosystem is built around the USDS stablecoin and the SKY governance token. In this ecosystem, the agent framework serves as a set of essential building blocks that aim to power and support various dApps operations called Stars in the ecosystem.
Sky operates mainly on the Ethereum blockchain.
Sky made the announcement via X, highlighting that this will usher in a new era for USDS cross-chain expansion by extending Sky’s scale to Berachain, merging “one of DeFi’s strongest liquidity engines” with PoL.
The Berachain Foundation also announced the move on its X account.
Berachain Foundation via XSky co-founder, known as Rune on X, said that this is a great example of how fast it’s possible to move with the Sky Agent Framework and will be a good showcase of how much scale Sky can bring to new and growing ecosystems.
BERA price surged yesterday, following the announcement.
BERA is Up by Over 5% Today
At the moment of writing this article, BERA is trading at $7.78, up by 5.6% in the past 24 hours. The coin has a market cap of over $837 million.
BERA price in USD todayOn February 26, BERA was trading at around $7 with a market cap of $764 million, and its price surged to $7.97, hitting a market cap of over $857 million.
Berachain launched its mainnet on February 6.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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