Ethereum

2024

EigenLayer

Coin

<ul class="news-points"> 
 <li><strong>Ethereum researcher takes paid role at staking startup</strong></li> 
 <li><strong>Financial incentive raises conflict of interest concerns</strong></li> 
 <li><strong>Debate highlights broader issues in cryptocurrency space</strong></li> 
</ul> 
<p>A decision by Justin Drake, a <a href="https://thedolectures.com/speakers/justin-drake/" target="_blank" rel="nofollow">researcher at</a> the Ethereum Foundation, to take on a paid advisory role at <a href="https://docs.eigenlayer.xyz/eigenlayer/restaking-guides/restaking-user-guide/" target="_blank" rel="nofollow">EigenLayer</a>, a recently launched staking protocol, has ignited debate on social media regarding potential conflicts of interest.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I recently became an advisor to the EigenFoundation. I feel the community deserves transparency so here is an extended disclosure <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f642.png" alt="🙂" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>1) The advisorship comes with a significant EIGEN token incentive which could easily be worth more than the combined value of all my other assets…</p>— Justin Ðrake 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@drakefjustin) <a href="https://twitter.com/drakefjustin/status/1792143477163106787?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 19, 2024</a>
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<p>Drake’s disclosure that his new position at EigenLayer comes with a significant financial incentive in the form of EIGEN tokens, potentially worth millions of dollars, raised concerns about his impartiality. Some commentators worry that this financial stake could influence the objectivity of his research on EigenLayer.</p> 
<p>EigenLayer allows users to stake liquid-staked Ether tokens, essentially enabling a form of double-staking for the cryptocu…</p>
<p>The post <a href="https://coinedition.com/ethereum-researchers-side-hustle-sparks-conflict-concerns/">Ethereum Researcher’s Side Hustle Sparks Conflict Concerns</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Ethereum Researcher’s Side Hustle Sparks Conflict Concerns

Coin Edition

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