Ethereum

EigenLayer

Foundation

Drake

The Ethereum Foundation is swiftly developing a formal policy to address potential conflicts of interest. This initiative follows the revelation that two of its researchers received substantial incentives from the EigenLayer project.&nbsp; 
Executive Director Aya Miyaguchi emphasized the importance of maintaining the foundation’s neutrality to effectively serve the ecosystem. 
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 The Ethereum Foundation’s credible neutrality is critical for us to perform our role in the ecosystem. We are aware of the current conversation about potential conflicts of interest, and share the community’s concerns. It is clear that relying on culture and individual judgment…— Aya Miyaguchi (ayamiya.eth) (@AyaMiyagotchi) <a href="https://twitter.com/AyaMiyagotchi/status/1793965259524653058?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 24, 2024</a>
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The foundation’s action comes after researchers Justin Drake and Dankrad Feist disclosed receiving significant EigenLayer token incentives. Drake highlighted the substantial value of the tokens, potentially surpassing all his other assets.&nbsp; 
Miyaguchi reiterated the foundation’s dedication to its role within the blockchain community. She acknowledged that previous reliance on culture and individual judgment was insufficient. The new policy aims to formalize the approach to conflict resolution and enhance the foundation’s integrity. 
Lefteris Karapetsas, a former Ethereum software engineer and the founder of the cryptocurrency portfolio tracking tool Rotki, <a href="https://x.com/LefterisJP/status/1793969659613499518" target="_blank" rel="noreferrer noopener">believes</a> the Ethereum Foundation should adequately compensate its employees so that they do not feel the need to seek additional compensation packages elsewhere. 
This development marks a significant step in addressing community concerns and ensuring the foundation’s actions align with its ethical standards. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also read:<a href="https://www.cryptotimes.io/2024/05/24/ethereum-etf-speculation-drives-995m-to-ether-fi/" target="_blank" rel="noreferrer noopener"> Ethereum ETF Speculation Drives $995M to Ether.fi</a> 
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Ethereum Foundation Sets New Policy for Conflict Issues

The Crypto Times

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