Rune Christensen, a co-founder of MakerDAO, stated on Friday that the future native blockchain of the platform should be developed with the software that powers the Solana (SOL) network, which is a network engineered to deliver high-speed performance.
In a governance forum post, he said the codebase’s “technical quality,” its “resilience by having gone through the FTX blowup” and already functioning examples make Solana “the most promising codebase to explore further.”
He also mentioned Cosmos as the other “main contender.”
The $5 billion DAI stablecoin was released by MakerDAO, the largest decentralized financial lender.The project is presently going through a significant, multi-year overhaul termed Endgame, which includes dissolving it into smaller, independent companies (SubDAOs) with their own tokens and redesigning its governance token MKR and stablecoin DAI.
The deployment of a custom blockchain, for now known only by the codename NewChain, would be the plan’s final step. It would connect all SubDAOs and theoretically strengthen the ecosystem’s resistance to attacks from the government and technical glitches, according to Christensen.
The NewChain is a “major long term project, and will likely take at least 3 years,” he said.
The Solana ecosystem, which has been severely damaged by the failure of FTX and the fall of Sam Bankman-Fried, one of the network’s largest advocates and investors, would gain symbolic victory from Maker’s endorsement.
“I am honestly speechless,” Anatoly Yakovenko, co-founder of Solana Labs, posted on X (formerly Twitter) following Christensen’s comments. “The more code reuse we have across all ecosystems the faster everything grows.” “Rune’s proposal for the future of MakerDAO is a fantastic showcase of how the high-performance technology behind Solana and the Solana Virtual Machine can power the next wave of innovation in this space,” Austin Federa, head of strategy at the Solana Foundation,said in a statement.
However, several members of the community have already objected to Christensen’s proposal, asking for further details regarding his findings or offering other suggestions.
“Solana and Cosmos are the only options? What about an EVM-based rollup?,” prominent crypto researcher Hasu replied to the forum post. “If Coinbase can deploy its own chain on a layer 2 (BASE), why not Maker?,” long-time community member Tosh9.0 asked.