MakerDAO co-founder proposes fork of Solana codebase for native chain

MakerDAO co-founder Rune Christensen has submitted a proposal to construct the decentralized finance challenge’s upcoming native chain off a fork of Solana’s codebase, not the Ethereum Digital Machine (EVM), regardless of its long-running ties with Ethereum.

MakerDAO’s native chain, dubbed “NewChain,” is a part of the fifth and ultimate section of the MakerDAO “Endgame” improve introduced in Could.

The ultimate section is anticipated to take round three years to finish, and it’ll see the complete re-implementation of the Maker protocol into a brand new stand-alone blockchain.

In a Sept. 1 X (previously Twitter) submit highlighting the proposal, Christensen acknowledged: “After some analysis, I imagine the Solana codebase needs to be thought-about as the premise for NewChain.”

The final section of Endgame is the launch of a local blockchain for Maker with the codename NewChain

It’s going to make the ecosystem safer and environment friendly

After some analysis, I imagine the Solana codebase needs to be thought-about 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 explanation why he thinks it needs to 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 effectively and advantages from being designed lengthy after the bottlenecks and challenges of blockchains have been already effectively 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 several 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 main 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 will probably stick round long run, sustaining a “high-quality pool of expertise accessible for Maker to entry and contribute to” whereas offering a cheap avenue to construct and preserve NewChain.

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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 might comply with an identical course of to develop NewChain.

Again on Twitter, Christensen was questioned on why he favored utilizing Solana code over the EVM.

Christensen famous that whereas the EVM is the “most necessary 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 an important 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 isn’t preferrred, and options like Solana or one thing like Sei are a significantly better match.

— Rune (@RuneKek) September 1, 2023

NewChain might be a backend for the challenge’s SubDAO tokenomics and governance safety. On the opposite aspect, its governance token Maker (MKR) and stablecoin Dai (DAI) will proceed functioning as ordinary on Ethereum.

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