MakerDAO and DAI Creator: New Native Chain Based on Solana Fork

Rune Christensen, one of the co-founders of MakerDAO, has suggested that Maker (MKR) should create its own blockchain using the Solana (SOL) codebase. In a recent blog post, Christensen outlined plans for the fifth phase of Maker’s long-term roadmap, known as “Endgame,” which was initially introduced in May 2022.

In the previous post, Christensen had mentioned that the final stage of Endgame would involve the launch of a separate chain called “NewChain,” which would provide backend security while communicating with Ethereum (ETH) via a cutting-edge bridge. However, after conducting research, Christensen now believes that a Solana fork would be a suitable contender for NewChain.

“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 NewChain.”

According to Christensen, there are three main reasons why Solana should be further explored as the most promising codebase for NewChain.

Firstly, Solana offers high efficiency due to its optimized codebase which is specifically designed for a singular, highly efficient blockchain, which is what NewChain requires.

Additionally, the Solana ecosystem has been galvanized by the collapse of FTX and has already successfully been forked, such as Pyth, the oracle solution.

Secondly, Solana’s well-engineered codebase benefits from being designed after the challenges of blockchains were already well understood, which is in line with the objective of NewChain to fix the technical debt of Maker. Lastly, Solana already has two client implementations which is crucial for resilience.

There are two main reasons why Maker should consider the Solana ecosystem. Firstly, the ecosystem has demonstrated its resilience by surviving the FTX blowup.

Despite facing numerous challenges, the project still boasts a thriving developer community.

This is a positive sign as it means that the Solana ecosystem has a significant Lindy Effect and is likely to exist in the long term.

Additionally, this will result in lower development and maintenance costs, and Maker will always have access to a pool of talented developers to contribute to its growth.

Secondly, there are already examples of the Solana codebase being forked and adapted to act as appchains. Pyth is one such notable example, which utilizes an adapted version of Solana as its backend.

This is further evidence of Solana’s flexibility and adaptability, making it a suitable choice for Maker to consider.