Odaily News On March 6, Solana founder Toly shared his views on the decentralized reserve mechanism on social media. He said that the ideal option is to have no reserve, because if the government manages the reserve, it will lead to the failure of decentralization.
Toly further pointed out that if reserves must be established, states can manage them themselves to hedge against possible misdecisions by the Federal Reserve. At the same time, if there must be a reserve mechanism, it should be based on objective, measurable, and reasonable standards rather than subjectively set rules.
He finally emphasized that no matter how the reserve mechanism is set, the Solana ecosystem can meet and exceed its goals and demonstrate strong competitiveness.