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MakerDAO co-founder Rune Christensen has submitted a proposal to construct the decentralized finance project’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 closing section of the MakerDAO “Endgame” upgrade announced in May.
The ultimate section is anticipated 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) put up highlighting the proposal, Christensen acknowledged that: “After some analysis, I consider 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 consider 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 supplied three key the reason 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 nicely and advantages from being designed lengthy after the bottlenecks and challenges of blockchains had 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 way of 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 in depth 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 instructed that the Solana ecosystem is more likely to stick round long run, keep a “high-quality pool of expertise out there 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 might comply with an analogous 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 essential on the subject of constructing stuff for customers, since that’s the place the customers are,” it doesn’t go well with MakerDAO’s particular necessities on the backend.
EVM remains to be crucial on the subject of 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 ultimate, and options like Solana or one thing like Sei are a a lot better match.
— Rune (@RuneKek) September 1, 2023
NewChain will primarily function a back-end for the venture’s SubDAO tokenomics and governance safety. On the opposite aspect of issues, Its governance token Maker (MKR) and stablecoin Dai (DAI) will proceed to perform as normal on Ethereum.
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