Solana Foundation Supports Diversity in Perpetual Contract Ecosystem

Lily Liu, the chair of the Solana Foundation, stated that the foundation's work focuses on attracting top talent and capital to Solana. She emphasized that capital and talent are interdependent and mutually necessary, criticizing the shortsightedness and self-limiting nature of the "king-making" approach. Liu believes that while "trustworthy neutrality" is feasible in code, it falls short in human judgment. The foundation insists on an open meritocracy to promote competition, allowing the market to determine winners and losers. Regarding perpetual contracts, the foundation supports diversity among builders and has publicly shared its perpetual plans and cutting-edge trader initiatives. Liu pointed out that the claim that only one team can build fully on-chain perpetual contracts on Solana is not true, as several teams have recently stepped up to challenge this notion. She believes that a fully on-chain architecture holds greater value for DeFi and the future of Solana, and that the foundation does not determine success or failure; the market does.

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