MakerDAO’s Native Chain Proposal: Moving Away from Ethereum
The proposal to build MakerDAO’s native chain using a fork of Solana Codebase has raised questions among the crypto community. Rune Christensen, the founder of MakerDAO, explained that while the Ethereum virtual machine (EVM) is crucial for user-targeted products, it is not ideal for the specialized backend needs of MakerDAO. Here are the key points:
- EVM remains the most important platform for user-targeted products.
- Solutions like Solana or Sei are better suited for MakerDAO’s backend needs.
- The NewChain will serve as the backend for the Maker Protocol and its SubDAOs.
- User-facing products and systems like MKR and DAI tokens will remain on Ethereum.
- Two-Stage Gravity Bridges will connect Ethereum and Solana to the NewChain project.
According to Christensen, this move aims to enhance the efficiency and functionality of MakerDAO. By utilizing Solana’s codebase, MakerDAO can better meet its specific needs. However, it’s important to note that Ethereum will still play a crucial role in the overall MakerDAO ecosystem.
Hot Take: A Strategic Move for MakerDAO’s Evolution
Moving away from Ethereum’s EVM for its backend needs, MakerDAO’s proposal to build its native chain using Solana’s codebase is a strategic move for the project’s evolution. By leveraging Solana’s technology, MakerDAO aims to improve its efficiency and offer better solutions to its users. While Ethereum remains important for user-targeted products, this move allows MakerDAO to tailor its backend to its specific requirements. The integration of Two-Stage Gravity Bridges will further strengthen the connection between Ethereum and Solana, creating a more seamless experience for users. Overall, this decision showcases MakerDAO’s commitment to innovation and its dedication to providing the best possible solutions for its community.
By
By
By
By
