The decentralized finance domain has been rocking the boat for a while now, and a recent suggestion by MakerDAO‘s co-founder has sparked intriguing possibilities and palpable skepticism within the ecosystem. Rune Christensen, the co-founder, recently proposed the usage of a forked Solana codebase to build MakerDAO’s prospective blockchain, coined the NewChain. Amid connections existing with Ethereum for quite some time, this proposition has generated much curiosity and a tad bit of apprehension.
Christensen elucidated his proposal on a MakerDAO forum, labeling Solana’s codebase as the prime candidate worth exploring. The reason he put forward three compelling points. Firstly, he emphasized the ‘technical quality’ of Solana’s codebase and argued its fine-tuned precision to operate an efficient unique blockchain.
Simultaneously, the Solana ecosystem’s resilience in the face of various adversities, including the FTX upheaval, validate its long-term sustenance potential. Christensen believes this endurance will maintain a considerable talent pool accessible for MakerDAO to tap into, thereby providing an economically viable route to develop and uphold the NewChain.
Lastly, with instances of Solana’s codebase being forked and adapted to operate as appchains, it is believed that MakerDAO could deploy a similar route in developing NewChain. However, this notion has sparked some confusion and questions among those favoring Solana over EVM, although Christensen posits that while EVM is pivotal for user-oriented builds, it fails to meet MakerDAO’s specific back-end requirements.
NewChain is anticipated to function as the back-end for MakerDAO’s SubDAO tokenomics and governance security. Meanwhile, its governance token Maker MKR and stablecoin Dai DAI will continue to operate on Ethereum as usual.
While this paradigm shift in utilizing Solana’s codebase proposes an exciting possibility, it undoubtedly raises a few eyebrows. The MakerDAO ecosystem, long entwined with Ethereum, venturing into newer territories inevitably invokes queries concerning its viability and future goals. As the scenario unfolds, its worthwhile to keep an eye on how this switch will affect the future course and development of MakerDAO’s projects.
Source: Cointelegraph
