MakerDAO co-founder Rune Christensen has submitted a proposal to construct the decentralized finance challenge’s upcoming native chain off of a fork of Solana’s codebase, and never the Ethereum Digital Machine regardless of its long-running ties with Ethereum.
MakerDAO’s native chain or what’s at the moment dubbed as “NewChain,” is a part of the fifth and remaining part of the MakerDAO “Endgame” improve introduced in Might.
The ultimate part is predicted to take round three years to finish, and it’ll see the total re-implementation of the Maker Protocol into a brand new stand-alone blockchain.
In a Sept. 1 X (Twitter) publish highlighting the proposal, Christensen acknowledged that: “After some analysis, I imagine the Solana codebase must be thought of as the premise for NewChain.”
The final part of Endgame is the launch of a local blockchain for Maker with the codename NewChain
It would make the ecosystem safer and environment friendly
After some analysis, I imagine the Solana codebase must be thought of as the premise for NewChainhttps://t.co/KyGxBBGlVH
— Rune (@RuneKek) September 1, 2023
Within the proposal on the MakerDAO discussion board, Christensen described Solana’s codebase because the “most promising” choice to discover, as he provided three key the explanation why he thinks it must be used as the muse for NewChain.
Firstly, he highlighted the “technical high quality” of the Solana codebase, and argued that it’s “extremely optimized for the aim of working a singular, extremely environment friendly blockchain.”
“The Solana codebase is engineered nicely and advantages from being designed lengthy after the bottlenecks and challenges of blockchains have been already nicely understood, which inserts properly with the target of NewChain itself in fixing the technical debt of Maker.”
Secondly, Christensen argued that the Solana ecosystem has “confirmed its resilience by having gone by the FTX blowup” and a number of other different challenges with out crumbling.
Co-founder @RuneKek of @MakerDAO, a DeFi protocol, proposes leveraging the Solana codebase for NewChain following intensive analysis.
He cites Solana’s technical high quality, sturdy developer ecosystem, and resilience as major causes and suggests potential mutual advantages to the… https://t.co/p5w7pGf47h
— Solana (@solana) September 1, 2023
As such, the MakerDAO co-founder urged that the Solana ecosystem is prone to stick round long run, keep a “high-quality pool of expertise obtainable for Maker to entry and contribute to” whereas additionally offering a cheap avenue to construct and keep NewChain with.
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Lastly, Christensen famous that as “there already exists examples of the Solana codebase being forked and tailored to behave as appchains,” MakerDAO may comply with an identical course of to develop NewChain.
Again on Twitter, Christensen was questioned on why favored utilizing Solana code over EVM.
Christensen famous that whereas the EVM is the “most vital with regards to constructing stuff for customers, since that’s the place the customers are,” it doesn’t swimsuit MakerDAO’s particular necessities on the backend.
EVM remains to be a very powerful with regards to constructing stuff for customers, since that’s the place the customers are. However for a specialised backend for Maker’s particular wants it’s not ultimate, and options like Solana or one thing like Sei are a significantly better match.
— Rune (@RuneKek) September 1, 2023
NewChain will basically function a back-end for the challenge’s SubDAO tokenomics and governance safety. On the opposite facet of issues, Its governance token Maker (MKR) and stablecoin Dai (DAI) will proceed to operate as normal on Ethereum.
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