On Might 19, Ethereum Basis researcher Justin Drake revealed his new place as a paid advisor for EigenLayer’s basis, EigenFoundation.
Within the announcement, Drake talked about that this function comes with a considerable EIGEN token package deal value tens of millions of {dollars}, which exceeds the worth of all his different property mixed.
This has sparked debates inside the crypto group over potential conflicts of curiosity.
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Launched on the Ethereum mainnet in April, EigenLayer allows customers to stake liquid staked Ether (ETH) tokens, permitting ETH to be staked twice.
Drake’s advisory function focuses on researching the dangers related to restaking. He emphasised aiming to steer EigenLayer from inside and keep away from previous errors with liquid staking:
As a researcher I really feel I did too little too late with regard to liquid staking. This is a chance to not repeat the error with restaking.
The announcement has sparked blended reactions inside the group.
Crypto X influencer Jordan Fish, often known as Cobie, expressed considerations about Drake’s new function, immediately addressing Ethereum’s co-founder Vitalik Buterin with a query:
How do you’re feeling about Ethereum basis core builders or researchers taking life-changing $ packages from initiatives constructed on Ethereum to turn into “advisors,” when these initiatives could have conflicting incentives with Ethereum, both now or sooner or later? For instance — purely theoretically after all — to illustrate, EigenLayer.
Drake addressed the controversy by asserting that EigenLayer shouldn’t be making an attempt to “bribe” or “corrupt” the Ethereum Basis.
He famous that the Ethereum Basis contains over 300 members, with solely three people having formal relationships with EigenLayer entities. Drake reassured that the involvement of some members wouldn’t compromise their ethics and that he’s ready to finish his advisory function if EigenLayer’s route conflicts with Ethereum’s pursuits.
Following the submit, some figures within the crypto group, together with David Wong, founding father of safety agency zkSecurity, praised Drake for his transparency.
Total, Drake’s acceptance of the function at EigenFoundation highlights the significance of transparency and moral tasks amongst Ethereum Basis members.
In different information, EigenLayer was concerned in additional controversies earlier in Might when the protocol needed to enhance its EIGEN token airdrop as a result of group backlash.
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