what's keel?
Keel is a Solana-native protocol launched to scale DeFi and tokenized asset markets on the Solana blockchain. Empowered by the Sky Ecosystem, it functions as an onchain capital allocator and liquidity layer, designed to catalyze growth in the ecosystem by providing deep liquidity and supporting innovative projects. With a roadmap targeting $2.5 billion in capital deployment, Keel aims to enhance trading depth, boost DeFi innovation, and facilitate the tokenization of real-world assets (RWAs). Key features include strategic capital allocation to high-potential initiatives, integration with Solana's high-performance infrastructure, and partnerships to drive liquidity across DeFi platforms. The project emphasizes sustainability and scalability, positioning itself as a foundational engine for Solana's expanding markets.
Keel's Switchboard enables verifiable NAV pricing for risk controls and capital allocation on Solana.
Links
x.com/keel_fiIntegrated Switchboard for pricing Net Asset Value (NAV) to enable verifiable price data for risk controls and capital allocation on Solana.
Representative discusses $2.5B Capital Engine at SolanaConf.
Launches Season 1 of Tokenization Regatta, a public RFP now live with $500M in allocation capacity for institutions and asset issuers bringing real world assets to Solana, described as the largest single RWA placement on the network to date.
Hosts an event with Chain Security at Breakpoint conference on December 11th from 17:00-20:00 at Yas Marina Circuit, featuring SOL staking discussions.
Distributed $131K+ in USDS rewards, an increase from the previously reported $100k distribution.
Keel Finance distributed $100k in USDS rewards within a one-week period.
Sky's Q3 2025 financial report reveals Stars including Keel are treated as wholly-owned subsidiaries on Sky's balance sheet rather than autonomous entities, raising questions about the value proposition and purpose of Star tokens for holders.
Keel Finance will be featured in a deep dive presentation at Sky's community call on October 16th at 6:00 PM UTC, covering its role in the Sky Ecosystem.