Searching for Mana with Lloyd Wahed Lily Liu, President of Solana Foundation | How Blockchain Enables the Financialisation of Scarcity
Oct 28, 2024
Lily Liu, President of the Solana Foundation, is a pioneer in blockchain, merging her traditional finance background with digital innovation. She shares her journey from Bitcoin enthusiast to leading a blockchain powerhouse. Discover how Solana overcame the FTX crash to build a robust community with over $5 billion in total value locked. Lily discusses financial sovereignty, the importance of self-custody, and the future of decentralized finance, highlighting the transformative power of blockchain and its role in reshaping financial systems.
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Self-Custody As Digital Property Rights
- Lily argues self-custody equals digital property rights and enables anyone with internet to have a bank account.
- Programmability plus self-custody unlocks economic sovereignty and broader financial access.
Shanghai Childhood Experience Shaped Values
- Lily read Life and Death in Shanghai as a child and later visited Shanghai, which shaped her view on sovereignty and resilience.
- Seeing rapid rebuilding there made her question how the same people could experience both repression and economic resurgence.
Blockchains Leverage Scalable Self-Interest
- Lily frames blockchains as permissionless coordination mechanisms driven by self-interest and economic incentives.
- That design scales social coordination without decades of acculturation required by traditional institutions.
