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MakerDAO Could Utilize Solana Codebase For ‘NewChain’ Project – Details

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MakerDAO Co-founder Rune Christensen has suggested the DeFi project utilize a fork of Solana’s codebase to build its proposed “NewChain.”

Back in May, the MakerDAO announced its “Endgame” network update aimed at improving the protocol’s “efficiency, resilience and participation” via the formation of a “strong governance equilibrium.”

The “NewChain” is a vital part of the Endgame’s fifth and final phase, in which the MakerDAO protocol will be fully rebuilt on its own new, native layer-one blockchain.

Christensen has described this final phase as a long-term project set to run for over three years. However, in easing the team’s effort, the MakerDAO Co-founder believes they can explore the fork of existing open-source blockchain rather than building a new protocol from scratch.

Solana Offers The Most Promising Codebase, Christensen says

In his governance proposal dated September 1, Christensen begins his case for Solana stack by describing it as the most promising codebase.

The last phase of Endgame is the launch of a native blockchain for Maker with the codename NewChain

It will make the ecosystem more secure and efficient

After some research, I believe the Solana codebase should be considered as the basis for NewChainhttps://t.co/KyGxBBGlVH

— Rune (@RuneKek) September 1, 2023

According to the MakerDAO chief, the Solana codebase offers an impressive technical quality as it has been specifically enhanced to support the operations of a “singular, highly efficient blockchain” like the proposed NewChain.

Christensen states that the Solana codebase, which was designed after the common challenges and restrictions of the blockchain technology had bee

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Author: Semilore Faleti

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