Keel is a capital engine on Solana, functioning as an on-chain capital allocator that deploys stablecoin liquidity at scale to DeFi and tokenized markets. It dynamically reallocates capital for risk-adjusted yield and is set to launch with up to $2.5 billion in allocations, supporting USDS (Sky) and other high-quality stablecoins. Its focus areas include savings (USDS yield), stablecoin lending, real-world assets (RWAs) & tokenized yield, swap liquidity, RWA redemptions, and TVL bootstrapping. Keel utilizes protocol-owned liquidity, is open source with multi-audit coverage, maintains an on-chain, transparent balance sheet, and enforces a real-time risk framework. It is not a fund or vault and does not accept user deposits, operating instead as a decentralized protocol integrated with Sky and Solana to enhance liquidity, stability, and adoption of tokenized assets.
