Maker Co-Founder Proposes Future Protocol Implementation on Solana Fork

Rune Christensen, a co-founder of Maker, the Ethereum-based stablecoin protocol, has projected to reimplement the protocol connected a caller concatenation forked from Solana. This determination would beryllium the last portion of “Endgame,” an update to the protocol that seeks to turn the stablecoin dai by enhancing “efficiency, resilience, and participation.”

Maker Proposal Involves Protocol Reimplementation connected Solana Fork

Rune Christensen, a cofounder of Maker, the stablecoin protocol down dai, has proposed reimplementing the protocol connected apical of a fork of Solana, updating it to negociate imaginable problems derived from method failures oregon governance attacks. The determination would beryllium portion of Maker’s roadmap evolution, called “Endgame,” designed to “enhance efficiency, resilience, and participation” astir the Maker protocol.

He defended the instauration of a blockchain utilized lone to tally the backend of Maker, stating that it would “deal with the 8 years of method indebtedness successful the protocol.” This would connote each constituent would beryllium redesigned and custom-built for its nonstop function. However, Christensen stated that this alteration would instrumentality astatine slightest 3 years.

Solana, according to Christensen, presents 3 important advantages implicit different chains. First, the “highly optimized” method prime of the Solana codebase is well-suited for operating a singular blockchain. The 2nd vantage is related to the resilience it showed aft the autumn of FTX, indicating that the concatenation tin withstand attacks and is “likely to instrumentality astir agelong term.” The 3rd vantage is that it has already been adapted for app chains, arsenic a customized mentation of Solana has been implemented arsenic portion of the Pyth network.

Inbound Criticism

Christensen was criticized connected societal media owed to the quality of his proposal, with immoderate claiming that astir Maker users had allegiance to the Ethereum protocol. He explained that nary of these changes would impact the idiosyncratic acquisition and that each of the user-facing parts of Maker and the protocol tokens would stay connected apical of Ethereum.

Christensen declared:

EVM (Ethereum Virtual Machine) is inactive the astir important erstwhile it comes to gathering worldly for users, since that’s wherever the users are. But for a specialized backend for Maker’s circumstantial needs it is not ideal.

Nonetheless, helium condemned crypto tribalism, stressing that Ethereum, Solana, and Cosmos were each large chains and that “tribalist incels (of each flavor) are successful the incorrect decade.”

What bash you deliberation astir the projected changes for the Maker protocol? Tell america successful the comments conception below.