MakerDAO Co-Founder Rune Sees Solana As The Most Promising Codebase
MakerDAO's Co-Founder, Rune Post, has proposed exploring a fork of Solana's codebase for the development of a new independent blockchain, NewChain.
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MakerDAO's Co-Founder, Rune Post, has proposed exploring a fork of Solana's codebase for the development of a new independent blockchain, NewChain.
Rune Christensen stated that Solana's codebase should be the foundation of MakerDAO's upcoming blockchain, as he highlighted that it's optimized for building “highly efficient blockchains.”
The final phase of plan will be the "complete reimplementation" of the Maker Protocol in addition to building on a new blockchain.
Some community members have already pushed back against the idea.
Rune Christensen, the founder of MakerDAO, has proposed using a fork of the Solana blockchain for the final phase of Maker's “Endgame” strategy, according to a recent tweet and accompanying blog post.
Rune Christensen, MakerDAO's co-founder, suggested that a forthcoming appchain dedicated to the DeFi lending protocol could be built using the codebase of Solana.
Rune Christensen, the chief executive officer and co-founder of MakerDAO, announced plans to consider Solana's codebase as the groundwork for NewChain, Maker's forthcoming standalone blockchain.
MakerDao soars, driven by relentless whales, with its price defying the crypto market's norms. A surge in volume hints at more exciting developments ahead.
Yet, what truly distinguishes Maker from the rest is its groundbreaking foray into the South Korean lending market—a strategic move poised to redefine the landscape of decentralized finance (DeFi) in the region. This expansion not only introduces South Korean users to the innovative SparkLend protocol but also extends its accessibility to DeFi enthusiasts worldwide.
In the times when the crypto markets have remained quiet, floating around the market capitalization of $1.05 trillion, Maker (MKR) has successfully held the gains that the other altcoins lost in the recent plunges.
The MKR governance token of MakerDAO previously surged by more than 10% just a while ago, and the move defied
Maker (MKR), the governance token behind MakerDAO and the Maker Protocol, both built on the Ethereum blockchain, has experienced a notable surge in value over the past 24 hours, just ahead of an anticipated event in Seoul scheduled for Friday.
In an unexpected twist of events, the alternative cryptocurrency (altcoin) market is buzzing with excitement as Maker (MKR), the governance token of the renowned decentralized finance (DeFi) platform MakerDAO, experiences a remarkable surge of 11%, propelling its valuation to an impressive $1,155. Amid the constant ebb and flow of prices within the global cryptocurrency market, Maker has emerged as a true standout with its exceptional ascent.
The rally occurred amid improving fundamentals of Maker, as the protocol has returned to make profits, Messari analyst Kunal Goel said.
In anticipation of the announcements made by the Ethereum-based Decentralized Finance (DeFi) lending platform team, the price of Maker (MKR) has experienced a remarkable surge of over 12% within hours. Now, what do these developments entail, and how will they impact the future of Maker?
Decentralized lending protocol Maker (MKR) is stirring a very impressive run on the market today after its emphatic 14% surge in the past 24 hours. Per its current performance, the token is changing hands at a price of $1,178.02, placing it as one of the best altcoins in today's secondary marketplaces.
In the dynamic realm of cryptocurrencies, MKR has firmly seized the spotlight with its remarkable price dynamics. Over the course of the last 24 hours, this digital asset has orchestrated a notable ascent of 3.4%, soaring to an impressive spot price of $1,064.
In a sea of losses, MakerDAO and Uniswap shine bright. Their resilient holders defy trends, showcasing DeFi's potential amidst market turmoil.
Because of the default on the tokenized loan from Centrifuge, an investment of $1.84 million on MakerDAO is at risk.
DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress.
In a significant turn of events, MakerDAO's DAI stablecoin has staged an impressive comeback, recapturing the market's attention and surging past the $5 billion market capitalization threshold. This resurgence comes as a result of a strategic decision to enhance reward rates for DAI holders, setting off a ripple effect across the decentralized finance (DeFi) landscape.
In a bold and strategic move aimed at fortifying its financial portfolio, MakerDAO has unveiled an ambitious initiative centered around diversifying its investment landscape. The organization's proactive efforts are laser-focused on acquiring promising short-term Treasury bonds, a strategic maneuver that underscores its unwavering commitment to both fortifying financial stability and harnessing untapped growth opportunities.
MakerDAO's latest transaction has propelled its Real World Assets (RWA) holdings by an impressive $50 million within a mere 24 hours.
In a significant development that has sent shockwaves through the cryptocurrency landscape, a high-value transaction involving the movement of a substantial amount of MKR tokens has captured the attention of both investors and enthusiasts. This intricate maneuver, which saw the transfer of an impressive 1,736 MKR tokens, equivalent to a staggering $1.89 million, stands as a testament to the dynamic and rapidly evolving nature of cryptocurrency transactions.