MakerDAO co-founder Rune Christensen has proposed a novel direction for the decentralized finance project’s upcoming native chain, “NewChain.”
Contrary to its longstanding affiliation with the Ethereum Virtual Machine (EVM), Christensen’s proposal suggests building NewChain using a fork of Solana’s codebase.
This initiative forms a pivotal part of the fifth and final phase of the MakerDAO “Endgame” upgrade, an undertaking announced in May.
Spanning approximately three years, this phase is slated to culminate in a comprehensive reimagining of the Maker protocol, effectively transferring it onto a distinct stand-alone blockchain.
In a recent post on X (formerly Twitter) on September 1, Christensen endorsed Solana’s codebase as a prime contender for NewChain’s foundation.
The co-founder listed three crucial reasons justifying this choice in a proposal articulated on the MakerDAO forum.
Primarily, he lauded the technical excellence exhibited by Solana’s codebase, extolling its exceptional optimization geared toward facilitating the operation of an exceedingly efficient blockchain.
Christensen emphasized how the design of Solana’s codebase benefited from hindsight, born after the intricacies and challenges of blockchain technology had been comprehensively grasped.
He noted the alignment of this attribute with NewChain’s objective to rectify the technical debt accrued by Maker.
Furthermore, Christensen emphasized the resilience displayed by the Solana ecosystem, having withstood trials such as the FTX blowup and other adversities without succumbing.
READ MORE: Ronaldinho Denies Involvement in Alleged $61 Million Crypto Pyramid Scheme
He believed that this robustness bodes well for the enduring presence of the Solana ecosystem, fostering a repository of skilled professionals accessible to Maker for collaboration, while also serving as an economically viable avenue for NewChain’s construction and maintenance.
Lastly, Christensen underscored the adaptability of the Solana codebase, citing instances where it had been successfully forked and adapted to function as appchains.
He proposed that MakerDAO could follow a similar path in the development of NewChain.
Christensen engaged with questions on Twitter about his preference for Solana’s codebase over the EVM.
While acknowledging the EVM’s significance for user-oriented development, he clarified that the EVM did not align with the specific backend requirements unique to MakerDAO.
NewChain’s role is to serve as a backend infrastructure for SubDAO tokenomics and governance security.
Conversely, the governance token Maker and the stablecoin Dai will persistently operate on Ethereum’s platform, ensuring seamless continuity.
Rune Christensen’s audacious proposal to build NewChain on the Solana codebase signifies a noteworthy departure from MakerDAO’s historical ties to Ethereum.
As the “Endgame” upgrade evolves, the community eagerly awaits the realization of NewChain and its potential impact on the decentralized finance landscape.
Other Stories:
OKX Cryptocurrency Exchange Expands into India, Focusing on Web3 Potential and Local Talent
US Crypto Industry Sees Hope in Court Rulings Restraining SEC
Ethereum Liquid Staking Providers Embrace 22% Cap to Safeguard Decentralization
