Two Ethereum Basis researchers Justin Drake and Dankrad Feist have disclosed the selections 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 neighborhood.
As reported by Bitcoinist, the distinguished crypto figures took the step to affix EigenLayer as advisors, with Drake particularly promising to reinvest his earnings into the ETH ecosystem. Nonetheless, the crypto neighborhood 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 Neighborhood And Basis
In a November 2 publish on X, Justin Drake introduced that he dropped the advisory function with EigenLayer in September 2024 and has additionally left the Extremely Sound crew. The researcher additionally apologized to the Ethereum neighborhood and his colleagues on the basis for the controversy surrounding his appointment.
Drake added within the publish:
Going ahead I’ll flip down all advisorships, angel investments, and safety councils. This private coverage goes above and past the current EF [Ethereum Foundation]-wide battle of curiosity coverage, not as a result of that was requested of me however as a result of I wish to sign [a] dedication to neutrality.
As highlighted in Drake’s message, the crossover to Eigenlayer by the 2 researchers pressured the Ethereum Basis to craft a conflict-of-interest coverage with a view to keep away from a repeat of such incidents. Following the strikes, govt director Aya Miyaguchi was the primary to point the inspiration’s dedication to addressing the difficulty of battle of curiosity.
Supply: AyaMiyagotchi/X
Extra Danksharding Upgrades?
Oddly, Dankrad Feist on the similar 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 good mission that I hope will proceed to enrich Ethereum nicely in a number of methods. However Ethereum has quite a lot of necessary work to do and I’ll focus all my consideration on getting it executed. This may permit me to be more practical in implementing Danksharding and different necessary initiatives.
These bulletins garnered constructive responses from the crypto neighborhood on the X platform, with a number of notable figures labeling their selections to depart EigenLayer an excellent name.
The value of ETH below bearish stress on the every day timeframe | Supply: ETHUSDT chart on TradingView
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