MakerDAO Co-Founder Christensen Suggests Solana-Based mostly Native Chain For “Endgame”
Rune Christensen, the co-founder of MakerDAO, has unveiled a proposal that would reshape the way forward for the decentralized finance (DeFi) challenge.
The Solana Сodebase Can Be Thought-about As The Foundation for NewChain
In response to Christensen’s proposal, MakerDAO’s forthcoming native chain, dubbed “NewChain,” must be created utilizing Solana’s codebase reasonably than the Ethereum Digital Machine (EVM), representing an necessary departure from its earlier hyperlinks to Ethereum.
This alternative is part of the “Endgame” improve for MakerDAO’s fifth and final section, which was unveiled in Might. This final stage will take about three years to implement, and it’ll end in a complete redesign of the Maker protocol inside a brand-new impartial blockchain.
In a tweet on September 1, Christensen shared his ideas on the proposal, stating, “After some analysis, I imagine the Solana codebase needs to be thought of as the premise for NewChain”
Secondly, Christensen highlighted Solana’s resilience, citing its capacity to face up to challenges such because the FTX blowup. He argued that Solana’s ecosystem supplies a long-term, high-quality expertise pool for MakerDAO to attract from, making it a cheap alternative for constructing and sustaining NewChain.
Lastly, Christensen pointed to examples of the Solana codebase being efficiently forked and tailored for appchains, suggesting that MakerDAO might comply with an identical path for NewChain growth.
Responding to questions on Twitter about his desire for Solana over the EVM, Christensen famous that whereas the EVM is essential for user-facing purposes, it does not align with MakerDAO’s particular backend necessities.
NewChain will function the backend for the challenge’s SubDAO tokenomics and governance safety, whereas Maker’s governance token and stablecoin Dai will proceed to function on Ethereum as traditional.
