MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off of a fork of Solana’s codebase, instead of using the Ethereum Virtual Machine (EVM). The native chain, known as “NewChain,” is part of the final phase of MakerDAO’s “Endgame” upgrade, which was announced in May and is expected to take around three years to complete.
In a tweet on September 1, Christensen expressed his belief that the Solana codebase should be considered as the foundation for NewChain. He described it as the “most promising” option due to its technical quality and efficiency in operating a singular blockchain. Christensen noted that the Solana ecosystem has proven its resilience by withstanding various challenges, making it a suitable choice for NewChain. He also highlighted the cost-effectiveness and availability of talent within the Solana ecosystem, which would benefit MakerDAO in building and maintaining NewChain.
Christensen further explained that while the EVM is important for user-facing applications, it does not meet MakerDAO’s specific requirements for the backend. NewChain will serve as a specialized backend for the project’s SubDAO tokenomics and governance security, while Maker (MKR) and Dai (DAI) will continue to function on Ethereum.
The proposal received attention on social media, with many users expressing their support for exploring the use of Solana’s codebase for NewChain. Some questioned the decision to deviate from Ethereum, but Christensen justified it by emphasizing the importance of finding a solution that aligns with MakerDAO’s specific needs.
The MakerDAO community has shown interest in evaluating the potential of the Solana codebase, with its technical quality and proven resilience making it an attractive option. The proposal on the MakerDAO forum explores the benefits of using Solana as the foundation for NewChain and the seamless integration it can offer to the project.
As MakerDAO moves forward with the development of NewChain, the focus will be on building a secure and efficient ecosystem. The selection of the Solana codebase reflects a strategic decision to leverage the strengths of a well-designed blockchain that has demonstrated its capabilities.
The implementation of NewChain will mark a significant milestone for MakerDAO and its goal of achieving greater decentralization and independence. By building on a robust codebase like Solana, MakerDAO aims to create a reliable and scalable native chain that meets the specific requirements of its ecosystem.
Overall, the proposal to use Solana’s codebase for NewChain represents an important step towards the future of MakerDAO and its commitment to providing a secure and efficient decentralized finance platform. It will be interesting to see how MakerDAO’s community responds to this proposal and the progress made in the development of NewChain over the coming years.
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