Sky Protocol announced that the USDS OFT cross-chain transfer, previously paused due to a security review of rsETH, has been restored on Solana. Neither Sky Protocol nor the USDS contract was affected during the review; USDS remained fully collateralized at all times, verifiable on-chain at any moment, and the pause was a precautionary measure. The cross-chain bridge on Avalanche will be restored after further review is completed.
Sky Protocol Resumes USDS Cross-Chain on Solana; Avalanche Bridge Awaits Review
TechFlowShare
Summary
Sky Protocol has resumed USDS OFT cross-chain transfers on Solana, according to on-chain news from TechFlow. The pause followed a review of the rsETH vulnerability, but Sky Protocol and USDS contracts were unaffected. USDS remains fully collateralized and verifiable. A protocol update for the Avalanche bridge is pending and will resume after further review.
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