Ethereum Foundation researcher Dankrad Feist revealed Monday that he has become an advisor to EigenLayer under the same terms as fellow Ethereum researcher Justin Drake at X. Disclosed his advisory role On sunday.
Neither Feist nor Drake specified the exact timeline of their advisory roles at EigenLayer.
“I do not represent the Ethereum Foundation, but I take this position personally, with a focus on risk and diversification.” Feist wrote From his X post. “I therefore fully expect to have opposing views on Eigenlayer.”
Feist added that he would receive a “significant amount” of Eigen tokens from the position, but that would not influence his thoughts on the protocol and its future development.
Potential Conflict of Interest
The disclosure comes amid discussions surrounding a possible conflict of interest between the two companies. own layer Members of the Ethereum Foundation, whose questions were answered by crypto trader and influencer Jordan Fish, aka Cobie, sent a reply tweet to Ethereum co-founder Vitalik Buterin.
“What do you think about Ethereum Foundation core developers or researchers having life-changing $ packages as ‘advisors’ on Ethereum-based projects if their incentives may conflict with Ethereum now or in the future?” Fish said. “For example, let’s assume an EigenLayer, purely theoretically of course.”
Buterin did not answer this question. But Drake made the X announcement the next morning. “I think the community deserves transparency.” Drake said.
Drake pledged to “re-commit all advisory proceeds” to the Ethereum project as an investment or donation, but Feist did not mention a similar promise in his post. Instead, Feist listed the risks and benefits of re-staking.
Drake, Feist and the Ethereum Foundation did not immediately respond to The Block’s request for further comment.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.