CryptoMediaClub
Sunday, October 12, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

MakerDAO’s Forking Decision Sparks Ethereum Community Clash

05.09.2023
A A
0
122
VIEWS
ShareShare

In a shocking twist, MakerDAO’s intentions to fork Solana for its future appchain migration have ignited a fiery dispute within the Ethereum ecosystem. The mastermind behind DeFi’s most significant collateralized debt protocol has proposed a central pivot, prompting strong reactions across the crypto space.

Maker’s MKR governance token faced a 5.6% drop from its recent high, all thanks to Ethereum founder Vitalik Buterin’s eyebrow-raising actions. Buterin, in response to the news, swiftly sold his 500 MKR holdings for 353 ETH (equivalent to $580,000). A move that left many puzzled and intrigued.

Adding to the drama, Buterin emerged on Reflexer’s Discord server, the minds behind RAI—a fierce ETH-backed and unpegged rival to MakerDAO’s DAI stablecoin. Buterin’s call for Reflexer to adopt minority liquid staking tokens (LSTs) to boost its share of Ethereum’s stablecoin domain seems a strategic move against Maker’s impending departure from the Ethereum network.

Buterin’s bold statement against MakerDAO’s directional choices highlighted his concerns. He urged RAI to adopt a more “activist” governance approach and rally behind non-dominant forms of staked ETH. With Lido currently wielding control over a significant portion of the liquid staking market, concerns over centralization are rising.

The scene was set on September 1 when Rune Christensen, the co-founder of MakerDAO, presented his case for a Solana codebase fork for MakerDAO’s future appchain deployment. Christensen cited Solana’s scalability, multiple security clients, and the successful track record of Solana-based appchains. A point that holds more weight considering the resilience shown by the Solana ecosystem even after FTX’s downfall—a prominent Solana investor.

Christensen acknowledged Cosmos as a contender but pointed out its inefficiency compared to Solana. This revelation is unsurprising as MakerDAO had outlined its appchain migration plans as part of the “Endgame” overhaul. This proposed shift would lead to a dedicated network for MakerDAO, featuring updated MKR and DAI tokens, specialized subDAOs, and a revamped governance structure.

Dubbed “NewChain,” this new network aims to tackle the eight years of technical baggage that the protocol carries. Christensen explained that this approach would facilitate the purposeful rebuilding of each protocol component in alignment with the final “Endgame” technical design.

As for the launch timeline, Christensen estimates that the appchain migration is at least three years from becoming a reality. This move comes amidst the rising popularity of appchains for hosting applications with demanding requirements like speedy transactions and high throughput.

Recent developments in the crypto realm include the dYdX community’s decision to migrate to a Cosmos-based Layer 1 and Aave’s decentralized social media protocol, Lens, which is utilizing Momoka—a Layer 3 appchain backed by Ethereum.

With conflicting opinions, influential players, and the stakes higher than ever, the future of MakerDAO’s migration saga hangs in the balance, captivating the cryptocurrency community’s attention. Stay tuned for the twists and turns in this unfolding drama!

The post MakerDAO’s Forking Decision Sparks Ethereum Community Clash appeared first on BitcoinWorld.

Share9Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
USD Coin officially expands to Base and Optimism networks

USD Coin officially expands to Base and Optimism networks

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Considered Asset for  U.S. Government Reserve

Bitcoin Considered Asset for U.S. Government Reserve

1 year ago
SEC’s war on crypto: How far will it go?

SEC’s war on crypto: How far will it go?

2 years ago
Spot Ethereum ETF Options Decision Delayed by SEC Ahead of Nov. 11 Deadline

Spot Ethereum ETF Options Decision Delayed by SEC Ahead of Nov. 11 Deadline

11 months ago
Altcoin Season Inbound as Metrics Hit ‘Sell Your House’ Levels, Says Expert

Altcoin Season Inbound as Metrics Hit ‘Sell Your House’ Levels, Says Expert

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

IOTA Miner: A New Path for BTC, XRP, and BNB Investors

A New Opportunity for XRP Investors: Easily Participate in Cloud Mining through PAXMINING

Fed Cuts Rates, Bitcoin Breaks Records — Join Invro Mining to Embark on BTC Journey

Early Bitcoin Whale Shorted $1.1B Right Before Tariffs, Now Up $27M – How Did He Know?

Trending

Securitize Weighs $1B SPAC Merger With Cantor Fitzgerald-Backed Firm
All news

Securitize Weighs $1B SPAC Merger With Cantor Fitzgerald-Backed Firm

12.10.2025
0

Securitize, a blockchain firm specializing in tokenizing traditional investments, is in discussions to go public through a...

Bitcoin Could Rebound 21% This Week as October Trends Favor Recovery, Economist Says

Bitcoin Could Rebound 21% This Week as October Trends Favor Recovery, Economist Says

12.10.2025
Why SpacePay (SPY) Presale Should Not Be Missed: The Most Anticipated Crypto Solutions Are Finally Here

Why SpacePay (SPY) Presale Should Not Be Missed: The Most Anticipated Crypto Solutions Are Finally Here

12.10.2025
Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

12.10.2025
YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

12.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz