Vitalik Buterin Sells Remaining Maker Tokens, MakerDAO Considers Solana Fork

One sentence summary – Ethereum co-founder Vitalik Buterin has sold his remaining Maker (MKR) tokens, signaling a shift in his involvement with the project, while MakerDAO and DAI founder Rune Christensen has proposed developing a new native chain for the Maker ecosystem using a Solana fork, citing technical quality, resilience, and successful examples of previous forks as reasons for considering this approach.

At a glance

  • Ethereum co-founder, Vitalik Buterin, has sold his remaining Maker (MKR) tokens.
  • The trade involved 500 MKR for 353 ETH, equivalent to approximately $580,000.
  • This trade occurred 861 days after Buterin’s last transaction, which was a donation of 100 ETH to an Indian Covid Relief program.
  • MKR serves as the governance token for the stablecoin DAI.
  • Buterin’s decision to sell off his MKR tokens signifies a shift in his involvement with the project.

The details

Ethereum co-founder, Vitalik Buterin, has recently sold his remaining Maker (MKR) tokens.

This comes after a two-year period of inactivity.

Buterin’s Ethereum address executed a trade of 500 MKR for 353 ETH.

This is equivalent to approximately $580,000.

The trade occurred 861 days after Buterin’s last transaction.

His last transaction involved a donation of 100 ETH to an Indian Covid Relief program.

MKR serves as the governance token for the stablecoin DAI.

Buterin’s decision to sell off his MKR tokens signifies a shift in his involvement with the project.

The timing of Buterin’s trade aligns with a proposal made by MakerDAO and DAI founder, Rune Christensen.

Christensen proposed to develop a new native chain for the Maker ecosystem using a Solana (SOL) fork.

Christensen has highlighted Solana’s technical quality, resilience, and successful examples of previous forks as reasons for considering this approach.

Solana’s optimized codebase and thriving developer community make it an attractive option for MakerDAO.

This offers potential benefits in terms of lower development and maintenance costs.

Furthermore, the availability of a high-quality talent pool on Solana adds to the appeal of pursuing a Solana-based native chain.

The Pyth project stands as a notable example of the Solana codebase being forked and adapted to serve as appchains.

This further supports the feasibility of a Solana fork for the Maker ecosystem.

This comprehensive brief details the recent trade made by Ethereum co-founder Vitalik Buterin, where he sold his remaining Maker tokens.

It also explores the proposal put forward by MakerDAO and DAI founder Rune Christensen to build a new native chain for the Maker ecosystem using a Solana fork.

The potential benefits of this approach are discussed, including lower costs, a thriving developer community, and successful examples of previous forks.

The Pyth project is highlighted as evidence of the Solana codebase’s adaptability.

Article X-ray

A person holding a bag of tokens while looking at a fork in the road.

This section links each of the article’s facts back to its original source.

If you have any suspicions that false information is present in the article, you can use this section to investigate where it came from.

dailyhodl.com
– Ethereum co-founder Vitalik Buterin has sold off his remaining Maker (MKR) tokens after two years of inactivity.
– Buterin’s Ethereum address traded 500 MKR for 353 ETH, worth approximately $580,000.
The trade occurred 861 days after Buterin’s last transaction, which was a 100 ETH donation to an Indian Covid Relief program.
– MKR is the governance token for the stablecoin DAI.
– Buterin’s trade coincided with MakerDAO and DAI founder Rune Christensen’s proposal to build a new native chain for the Maker ecosystem on a Solana (SOL) fork.
– Christensen cited Solana’s technical quality, resilience, and existing examples of successful forks as reasons for the proposal.
– Solana’s optimized codebase and thriving developer community make it an attractive option for Maker.
The costs for development and maintenance are expected to be lower, and there will be a high-quality pool of talent available.
The Pyth project is a notable example of the Solana codebase being forked and adapted to act as appchains.

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