Two Ethereum Basis researchers Justin Drake and Dankrad Feist have disclosed the choices to drop their advisorship positions with EigenLayer. The 2 consultants took on this function with the restaking protocol earlier in Might 2024 — however a lot to the frustration of the crypto group.
As reported by Bitcoinist, the outstanding crypto figures took the step to hitch EigenLayer as advisors, with Drake particularly promising to reinvest his earnings into the ETH ecosystem. Nonetheless, the crypto group on the social media platform X raised their issues about conflicts of curiosity surrounding the appointment of the Ethereum researchers.
Justin Drake Apologizes To Ethereum Group And Basis
In a November 2 submit on X, Justin Drake introduced that he dropped the advisory function with EigenLayer in September 2024 and has additionally left the Extremely Sound workforce. The researcher additionally apologized to the Ethereum group and his colleagues on the basis for the controversy surrounding his appointment.
Drake added within the submit:
Going ahead I’ll flip down all advisorships, angel investments, and safety councils. This private coverage goes above and past the latest EF [Ethereum Foundation]-wide battle of curiosity coverage, not as a result of that was requested of me however as a result of I need to sign [a] dedication to neutrality.
As highlighted in Drake’s message, the crossover to Eigenlayer by the 2 researchers compelled the Ethereum Basis to craft a conflict-of-interest coverage with a purpose to keep away from a repeat of such incidents. Following the strikes, government director Aya Miyaguchi was the primary to point the muse’s dedication to addressing the problem of battle of curiosity.
Supply: AyaMiyagotchi/X
Extra Danksharding Upgrades?
Oddly, Dankrad Feist on the identical time launched a message on X asserting his choice to resign from his advisorship function at EigenLayer. The well-known creator of the “Danksharding” idea reiterated that whereas the contract was negotiated in good religion, he understands how the connection with EigenLayer might be simply misunderstood.
Feist famous:
Eigenlayer is a superb challenge that I hope will proceed to enrich Ethereum effectively in a number of methods. However Ethereum has a variety of vital work to do and I’ll focus all my consideration on getting it executed. It will enable me to be simpler in implementing Danksharding and different vital initiatives.
These bulletins garnered constructive responses from the crypto group on the X platform, with a number of notable figures labeling their choices to go away EigenLayer a very good name.
The worth of ETH beneath bearish strain on the day by day timeframe | Supply: ETHUSDT chart on TradingView
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