Author: Fairy, ChainCatcher

Editor: TB, ChainCatcher

On February 27, Sky (formerly MakerDAO) officially announced the launch of Polaris on the X platform. However, apart from this announcement, Polaris currently has almost nothing—its official website is not live, the white paper has not been published, and even the official Twitter account has not posted a single tweet.

But if we look beyond these superficial "gaps," the story behind Polaris may be worth exploring. Polaris is launched by Sky and is built on Berachain to create a DeFi ecosystem. The project plans to integrate the USDS stablecoin into Berachain to establish a "fully autonomous liquidity system" and inject liquidity support into the Berachain ecosystem.

What problem does Polaris attempt to solve?

Berachain is known for its unique Proof of Liquidity (PoL) mechanism, which not only incentivizes users to provide liquidity to the network but also ensures that assets remain tradable within DeFi protocols. This time, Sky aims to deeply integrate USDS into Berachain through Polaris to fully leverage this mechanism.

According to preliminary plans, the core goal of Polaris is to expand the cross-chain liquidity of USDS, enabling holders to participate in lending, trading, and yield farming within the Berachain ecosystem, further enhancing the capital efficiency of the DeFi ecosystem.

Sky's ecosystem expansion accelerates, with Polaris becoming a key component

Since its inception, Sky has undergone significant evolution. Initially, it was born on the Ethereum blockchain and gained attention for launching the decentralized stablecoin DAI (now USDS) in 2017, becoming one of the earliest dollar-pegged stablecoins. Today, Sky primarily operates within the Ethereum ecosystem, with its core infrastructure still relying on Ethereum, and is built around the USDS stablecoin and SKY governance token—both of which are successors to DAI and MKR from the MakerDAO era.

In the Sky ecosystem, the "Agent Framework" supports multiple "Stars" and provides infrastructure support for tokens and their decentralized applications.

The launch of Polaris is the latest case of this framework being implemented. Polaris utilizes Sky's $7.5 billion USDS asset pool, combined with Berachain's Proof of Liquidity (PoL) mechanism, to achieve cross-chain liquidity expansion.

Sky founder Rune Christensen stated, "When a project has a founding team and capital, the Sky Agent Framework can greatly enhance execution speed, and this collaboration will showcase Sky's expansion capabilities in emerging ecosystems. More projects will be launched this year." Polaris is the first officially announced "Star" since the launch of Spark two years ago, and the ecosystem may see larger-scale expansion in the future.

The significance of Polaris's launch:

• Strengthening the liquidity of the Berachain ecosystem, Berachain operates based on the Proof of Liquidity (PoL) mechanism, and the addition of Polaris means that the important stablecoin USDS officially enters the Berachain ecosystem, enhancing overall market activity.
• Expanding the application scenarios of USDS, With Polaris, the circulation of USDS extends to Berachain, which not only enhances USDS's influence in the multi-chain DeFi ecosystem but also makes it an important medium of exchange within the Berachain ecosystem.
• Promoting the implementation of the Sky Agent Framework, Polaris is a "Star" project built on the Agent Framework within the Sky ecosystem. Once Polaris operates successfully, Sky may accelerate the launch of more DeFi solutions based on this framework.
• Facilitating the improvement of capital efficiency in DeFi, Traditional DeFi ecosystems often face liquidity fragmentation limited to a single chain, while the "fully autonomous liquidity system" that Polaris aims to create can achieve more efficient capital circulation.

Polaris may just be the first step in Sky's expansion strategy. As we move towards 2025, the anticipation for more "Stars" to emerge within the Sky ecosystem is high, and Polaris, as a pioneer, will undoubtedly play a key role in the future development of DeFi.

(This article only introduces early projects and does not constitute investment advice.)

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