Sky resumes USDS bridge operations on Solana

Decentralized finance (DeFi) protocol Sky, formerly MakerDAO, announced it has resumed operations for its stablecoin USDS's OFT bridge on the Solana (SOL) network. The company stated that the resumption follows the completion of a security check related to the recent KelpDAO rsETH exploit. Sky added that its protocol and the USDS contracts were unaffected by the exploit and that the stablecoin has remained fully collateralized. The temporary bridge suspension was a precautionary measure. The bridge for Avalanche (AVAX) will be reopened following an additional review.