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MakerDAO founder proposed to build a new chain, causing industry follow and controversy.
MakerDAO founder proposes to build a new chain, causing controversy
Rune Christensen, the founder of MakerDAO, announced on social media his plan to build a new chain based on the code of a certain public blockchain, a proposal that has sparked widespread attention and discussion. This is the final step of Rune's previously proposed "Endgame" plan.
MakerDAO has been one of the most watched protocols in the Ethereum ecosystem since its inception. Throughout its development, MakerDAO has experienced several important milestones:
In 2015, Rune began sharing the initial code of the Maker protocol on community forums. In December 2017, MakerDAO released the white paper and launched the Dai stablecoin, which could only be collateralized with ETH.
In 2019, MakerDAO launched the multi-collateral (MCD) system, allowing various assets to be used as collateral. In March 2020, due to the market crash, MakerDAO experienced a bad debt of 5.3 million dollars, but quickly overcame the crisis by auctioning MKR.
In 2021, the rise of the algorithmic stablecoin UST posed a challenge to Dai. However, with the collapse of UST, Dai ultimately solidified its position as the leading decentralized stablecoin.
Since 2022, in response to changes in the market environment, MakerDAO has started to layout real-world assets ( RWA ). Currently, RWA has become a major part of MakerDAO's asset composition, bringing substantial income to the protocol.
The development path of MakerDAO reflects Rune's characteristics as an ambitious pragmatist. He continuously drives protocol innovations to respond to market changes. Meanwhile, Ethereum founder Vitalik's attitude towards MakerDAO has also evolved from appreciation to skepticism.
Rune's proposal to build a new chain has sparked controversy once again. Some believe that this could mean MakerDAO will gradually detach from the Ethereum ecosystem. In response, Rune stated that this proposal should not be viewed through a "tribalism" lens.
Regardless, MakerDAO's exploration in the decentralized finance space will continue. The future development direction of this protocol is worth the industry's ongoing attention.