Solana Foundation chair says market, not foundation, should decide on-chain perp winners

Solana Foundation Chair Lily Liu said the foundation is focused on bringing both talent and capital to Solana, describing the two as mutually dependent drivers of network growth. She argued that trying to pick winners is "shortsighted and self-limiting," and said that while "trustworthy neutrality" may work in code, it is not enough when applied to human decision-making. Liu said the foundation's operating principle is to remain open to talent by encouraging competition and allowing the market to determine outcomes. Addressing debate around perpetual contracts (crypto derivatives with no expiry), she said the foundation has consistently supported a diverse builder base and recently made its perpetual plan and cutting-edge trader program public. She also pushed back on the idea that only one team on Solana can build fully on-chain perpetuals, saying several teams have recently challenged that view. In her framing, fully on-chain architecture is more important for DeFi (blockchain-based finance) and Solana's long-term future, while the foundation itself should not be the arbiter of success or failure.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
Solana Foundation chair says market, not foundation, should decide on-chain perp winners - CoinPost Terminal