Maker Co-Founder Proposes Future Protocol Implementation on Solana Fork

Rune Christensen, a co-founder of Maker, the Ethereum-based stablecoin protocol, has proposed to reimplement the protocol on a brand new chain forked from Solana. This transfer could be the ultimate a part of “Endgame,” an replace to the protocol that seeks to develop the stablecoin dai by enhancing “efficiency, resilience, and participation.”

Maker Proposal Involves Protocol Reimplementation on Solana Fork

Rune Christensen, a cofounder of Maker, the stablecoin protocol behind dai, has proposed reimplementing the protocol on prime of a fork of Solana, updating it to handle attainable issues derived from technical failures or governance assaults. The transfer could be a part of Maker’s roadmap evolution, known as “Endgame,” designed to “enhance efficiency, resilience, and participation” across the Maker protocol.

He defended the creation of a blockchain used solely to run the backend of Maker, stating that it will “deal with the eight years of technical debt in the protocol.” This would indicate every element could be redesigned and custom-built for its precise perform. However, Christensen said that this modification would take at the least three years.

Solana, based on Christensen, presents three important benefits over different chains. First, the “highly optimized” technical high quality of the Solana codebase is well-suited for working a singular blockchain. The second benefit is said to the resilience it confirmed after the autumn of FTX, indicating that the chain can face up to assaults and is “likely to stick around long term.” The third benefit is that it has already been tailored for app chains, as a {custom} model of Solana has been applied as a part of the Pyth community.

Inbound Criticism

Christensen was criticized on social media as a result of nature of his proposal, with some claiming that almost all Maker customers had allegiance to the Ethereum protocol. He explained that none of those adjustments would have an effect on the person expertise and that the entire user-facing components of Maker and the protocol tokens would stay on prime of Ethereum.

Christensen declared:

EVM (Ethereum Virtual Machine) continues to be an important in terms of constructing stuff for customers, since that’s the place the customers are. But for a specialised backend for Maker’s particular wants it isn’t excellent.

Nonetheless, he condemned crypto tribalism, stressing that Ethereum, Solana, and Cosmos had been all nice chains and that “tribalist incels (of every flavor) are in the wrong decade.”

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