Ethereum Researchers Leave EigenLayer Advisory Role Following Controversy — Details

2024-11-4 18:00

Two Ethereum Foundation researchers Justin Drake and Dankrad Feist have disclosed the decisions to drop their advisorship positions with EigenLayer. The two experts took on this role with the restaking protocol earlier in May 2024 — but much to the disappointment of the crypto community.

As reported by Bitcoinist, the prominent crypto figures took the step to join EigenLayer as advisors, with Drake specifically promising to reinvest his earnings into the ETH ecosystem. Nevertheless, the crypto community on the social media platform X raised their concerns about conflicts of interest surrounding the appointment of the Ethereum researchers. 

Justin Drake Apologizes To Ethereum Community And Foundation 

In a November 2 post on X, Justin Drake announced that he dropped the advisory role with EigenLayer in September 2024 and has also left the Ultra Sound team. The researcher also apologized to the Ethereum community and his colleagues at the foundation for the controversy surrounding his appointment.

Drake added in the post:

Going forward I will turn down all advisorships, angel investments, and security councils. This personal policy goes above and beyond the recent EF [Ethereum Foundation]-wide conflict of interest policy, not because that was asked of me but because I want to signal [a] commitment to neutrality.

As highlighted in Drake’s message, the crossover to Eigenlayer by the two researchers forced the Ethereum Foundation to craft a conflict-of-interest policy in order to avoid a repeat of such incidents. Following the moves, executive director Aya Miyaguchi was the first to indicate the foundation’s commitment to addressing the issue of conflict of interest.

More Danksharding Upgrades?

Oddly, Dankrad Feist at the same time released a message on X announcing his decision to resign from his advisorship role at EigenLayer. The famous creator of the “Danksharding” concept reiterated that while the contract was negotiated in good faith, he understands how the relationship with EigenLayer could be easily misunderstood.

Feist noted:

Eigenlayer is a great project that I hope will continue to complement Ethereum well in several ways. But Ethereum has a lot of important work to do and I will focus all my attention on getting it done. This will allow me to be more effective in implementing Danksharding and other important projects.

These announcements garnered positive responses from the crypto community on the X platform, with several notable figures labeling their decisions to leave EigenLayer a good call. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Two Prime FF1 Token (FF1) на Currencies.ru

$ 2.0281 (-0.01%)
Объем 24H $0
Изменеия 24h: 0.05 %, 7d: -43.21 %
Cегодня L: $2.0281 - H: $2.0281
Капитализация $0 Rank 3741
Доступно / Всего 0 FF1 / 100m FF1

two ethereum role eigenlayer researchers restaking protocol

two ethereum → Результатов: 126


Фото:

3 Reasons Why the Bitcoin (BTC) Rally is Here to Stay According to Brian Kelly of CNBC’s Fast Money

The total crypto market capitalization has surpassed the $300 Billion mark and is currently valued at $301. 5 Billion. With the increase in volume of the crypto markets, Bitcoin (BTC) has broken past two recently stated resistance levels of $7,600 and $8,000 in quick succession and in a period of less than a week.

2018-7-25 07:24


Who is the King of the Ethereum Decentralized Apps ? Two shameful Pyramid Ponzi Schemes

Two ‘self-sustaining’ pyramid schemes briefly became the most popular decentralized apps (DApps) on Ethereum this week. It describes itself simply as “the original autonomous pyramid, improved.” ‘Consider The Alternative’ Pyramids The sheer amount of interest in the schemes would usually be unlikely to see support from cryptocurrency proponents. https://t.co/fRizFx9CxK — JP Koning (@jp_koning) July 22,

2018-7-24 19:37


Фото:

Justin Sun Officially Adds 100 Million BitTorrent Users To Tron (TRX) Ecosystem

No doubt, Tron (TRX) is one big coin that cannot be rubbished in the cryptocurrency space. After Justin Sun announced that Tron would be moved out of Ethereum Network, the cryptocurrency war lord, declared on the go that there is going to be a huge competition between the two altcoins, like that which existed between […] The post Justin Sun Officially Adds 100 Million BitTorrent Users To Tron (TRX) Ecosystem appeared first on Ethereum World News.

2018-7-24 14:20


Фото:

Who’s King Of The Ethereum DApps? Two Self-Confessed Pyramid Schemes

Two ‘self-sustaining’ pyramid schemes briefly became the most popular decentralized apps (DApps) on Ethereum this week. Money Pours Into ‘Fomo3D’ and ‘PoWH’ Data from monitoring site DappRadar shows Fomo3D and PoWH 3D held the number one and number two spots among DApps July 22, pushing the highest-placed ‘legitimate’ offering – decentralized exchange IDEX – into third place.

2018-7-24 14:00


Фото:

Ross Ulbricht’s Petition Gains Traction From Industry Leaders After Cries For His Release

Ross Ulbricht, who founded the anonymous Silk Road trading site, is currently serving two life sentences in prison for his affiliation with the site, locked away from the eyes of the world. However, many in the cryptocurrency community still think of him as the one who started it all, the one who brought Bitcoin to […] The post Ross Ulbricht’s Petition Gains Traction From Industry Leaders After Cries For His Release appeared first on Ethereum World News.

2018-7-23 04:54


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


Фото:

Canada’s Coinsquare Exchange To Make Foray Into Asia

Coinsquare, a premier Canadian cryptocurrency exchange, has just announced plans to make expansions into Japan, with this move being made in collaboration with a global blockchain firm. To make this foray into the Asian market a success, Coinsquare is joining hands with DLTa21 in a strategic partnership, which will see the two engage in collaborative […] The post Canada’s Coinsquare Exchange To Make Foray Into Asia appeared first on Ethereum World News.

2018-7-14 01:06


Joe Lubin Says Ethereum (ETH) “Layer Two” Blockchain Features Coming Within This Year

At the Rise conference, which took place in Hong Kong on Tuesday, July 10th, Ethereum’s Joseph Lubin let attendees know that the first layer in the Ethereum ecosystem is completely established. However, they are far from done, because it is time to begin “layer two” systems to allow for maturation and ramification. The announcement happened […]

2018-7-12 11:03


Ethereum Scalability Issues Will End this year – Joe Lubin

While cryptocurrencies such as ethereum and others have many groundbreaking and life-changing potentials, the issue of scalability remains a pain in nether regions for crypto enthusiasts. However, co-founder of the Ethereum blockchain project, Joseph Lubin has revealed that Ethereum’s scalability problems will be over this year as the network moves into “phase two.

2018-7-11 12:07


0xUniverse: 0xGames’ Ethereum Blockchain Space Exploration Video Game Released

0xUniverse: An Ethereum Based Video Game Released Following time span which felt like an eternity for the fans, 0xGames have finally launched their flagship project 0xUniverse. 0xUniverse is a next-gen Ethereum-based game, where players are 22nd-century space explorers colonizing planets in a vibrant 3D rendered galaxy. No two planets are alike – each one is […]

2018-7-6 21:24