MakerDAO Co-Founder Christensen Suggests Solana-Based Native Chain For “Endgame”
The Solana Сodebase Can Be Considered As The Basis for NewChain
Rune Christensen, the co-founder of MakerDAO, has unveiled a proposal that could reshape the future of the decentralized finance (DeFi) project.
According to Christensen’s proposal, MakerDAO’s forthcoming native chain, dubbed “NewChain,” ought to be created using Solana’s codebase rather than the Ethereum Virtual Machine (EVM), representing an important departure from its previous links to Ethereum.
This choice is a part of the “Endgame” upgrade for MakerDAO’s fifth and last phase, which was unveiled in May. This last stage will take about three years to implement, and it will result in a total redesign of the Maker protocol inside a brand-new independent blockchain.
In a tweet on September 1, Christensen shared his thoughts on the proposal, stating, “After some research, I believe the Solana codebase should be considered as the basis for NewChain”
In the proposal detailed on the MakerDAO forum, Christensen outlined three compelling reasons for choosing Solana’s codebase as the foundation for NewChain. Firstly, he praised the technical quality of Solana’s codebase, citing its efficiency and optimal design for operating a high-performance blockchain.
Secondly, Christensen highlighted Solana’s resilience, citing its ability to withstand challenges such as the FTX blowup. He argued that Solana’s ecosystem provides a long-term, high-quality talent pool for MakerDAO to draw from, making it a cost-effective choice for building and maintaining NewChain.
Lastly, Christensen pointed to examples of the Solana codebase being successfully forked and adapted for appchains, suggesting that MakerDAO could follow a similar path for NewChain development.
Responding to questions on Twitter about his preference for Solana over the EVM, Christensen noted that while the EVM is crucial for user-facing applications, it doesn’t align with MakerDAO’s specific backend requirements.
NewChain will serve as the backend for the project’s SubDAO tokenomics and governance security, while Maker’s governance token and stablecoin Dai will continue to operate on Ethereum as usual.
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Filed under: Bitcoin - @ September 4, 2023 5:21 am