MakerDAO's move signals a pivotal shift in DeFi, embracing efficiency and integration for NewChain development
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MakerDAO, a prominent decentralised finance (DeFi) project, is on the verge of a significant technological shift, as co-founder Rune Christensen has proposed utilising a fork of Solana's codebase for the creation of MakerDAO's upcoming native chain called "NewChain." This move marks a departure from MakerDAO's long-standing association with Ethereum and aims to leverage Solana's optimised blockchain capabilities.
The proposal, introduced in the MakerDAO community, is part of the project's comprehensive "Endgame" upgrade plan, spanning five phases. The final phase, featuring the development of NewChain, is expected to require around three years to complete.
Christensen envisions a mutually beneficial relationship between MakerDAO and the Solana community, suggesting possibilities for cooperation and integration. He has proposed the establishment of a Two-Stage Gravity Bridge from NewChain to Solana, along with a bridge from NewChain to Ethereum, to bolster the network effect of the entire multi-chain economy.
Christensen outlined three compelling reasons for choosing Solana's codebase as the foundational framework for NewChain. First, he emphasised Solana's exceptional technical quality, describing it as finely tuned for efficiently operating a single, highly efficient blockchain.
Secondly, Christensen highlighted the resilience demonstrated by the Solana ecosystem in overcoming challenges, including the FTX incident. This resilience is seen as a valuable asset, ensuring a long-term pool of high-quality talent that MakerDAO can tap into for the project's success.