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MakerDAO co-founder proposes a Solana fork for NewChain development

MakerDAO Co founder proposes a Solana fork for NewChain development

Rune Christensen, the co-founder of MakerDAO, proposed a significant shift in the project’s technological foundation. Christensen suggested that MakerDAO’s upcoming native chain, known as “NewChain,” should be developed using a fork of Solana’s codebase rather than the Ethereum Virtual Machine (EVM). This proposal comes despite MakerDAO’s long-standing association with Ethereum. The rationale behind the proposal […]

MakerDAO urgently requests proposal to mitigate risks to protocol amidst USDC depegging

MakerDAO files emergency proposal addressing 3 1B USDC exposure

On March 11, MakerDAO issued an “urgent executive proposal” to mitigate any risks to the protocol associated with its USDC tail risk exposure. Make DAO has over 3.1 billion USDC in collateral backing its DAI stablecoin. This urgent executive proposal comes on the heels of an extraordinary de-pegging of the USD Coin (USDC) stablecoin, which […]

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