Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»The Ethereum Foundation said it is working to resolve potential conflicts of interest.
ADOPTION NEWS

The Ethereum Foundation said it is working to resolve potential conflicts of interest.

By Crypto FlexsMay 25, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The Ethereum Foundation said it is working to resolve potential conflicts of interest.
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum ETH

+2.18%
The foundation’s executive director, Aya Miyaguchi, said it was accelerating work on a formal policy to address potential conflicts of interest after two researchers disclosed that they had received “substantial” EigenLayer token incentives.

“The Ethereum Foundation’s trusted neutrality is critical to our role in the ecosystem. We are aware of the current conversation about a potential conflict of interest and share the community’s concerns,” Miyaguchi posted to X on Friday.

“It is clear that relying on culture and individual judgment is not enough, and we have been preparing a formal policy for some time to address this issue. We will accelerate this work and will share updates soon,” Miyaguchi added.

In response, Lefteris Karapetsas, a former Ethereum software engineer and founder of cryptocurrency portfolio tracking tool Rotki, said the Ethereum Foundation should compensate its peers sufficiently so that they “don’t feel the need to look for additional compensation packages elsewhere.” He said.

Ethereum Foundation Researchers Reveal ‘Important’ EigenLayer Incentives

On May 19, Ethereum Foundation researcher Justin Drake revealed that he had received “significant” Eigen token incentives after recently becoming an advisor to the Eigen Foundation.

This disclosure followed a discourse between Ethereum co-founder Vitalik Buterin and cryptocurrency trader Jordan Fish, also known as Cobie, about a potential conflict of interest between EigenLayer and his employer, the Ethereum Foundation. This happens with the organization’s core developers and researchers taking on an advisory role. .

“The advisory comes with significant EIGEN token incentives that could be worth more than the value of all my other assets (mainly ETH) combined,” Drake said at the time. “We’re talking about vesting millions of dollars in tokens over three years.”

Ethereum Foundation researchers pledged to “reinject” all proceeds into “worthy” projects in the Ethereum ecosystem, whether through investments or donations.

The researcher also said he took on the role only on the condition that his remit would be limited to studying reclamation risks, adding that his primary public stance would continue to be critical of EigenLayer.

Two days later, fellow Ethereum Foundation researcher Dankrad Feist also revealed that he had recently become an advisor to EigenLayer under the same terms as Drake. However, Feist did not mention similar investments or donation commitments in his post.

“I take this position personally, not on behalf of the Ethereum Foundation, and focus on risk and decentralization.” Feist wrote. “So I expect to have opposing views on EigenLayer.”

When Drake revealed this, he said that three people from the Ethereum Foundation had a formal relationship with EigenLayer. One is an investor and two are advisors. Assuming Feist is the other advisor Drake mentioned, investors have yet to step forward.

EigenLayer is a platform that allows users to deposit and “re-stake” Ethereum in a variety of liquid staking tokens, with the goal of allocating those funds to secure third-party networks or actively verified services.


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.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

It flashes again in July

July 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Is it really possible to sell Memecoins?

July 29, 2025

Encryption Inheritance Update: July 2025

July 29, 2025

Charting the Course for the Future of Decentralized Platforms

July 29, 2025

Blockchain For Good Alliance Leads Global Digital Cooperation At UN IGF 2025

July 29, 2025

Queens Park Rangers And TokenFi Announces New Partnership

July 29, 2025

Onchain AI Agents Go Live With USDC & Coinbase X402

July 29, 2025

DeepSnitch Introduces Five Specialized AI Agents As Token Presale Goes Live

July 29, 2025

PowerBank’s 3.79 MW Geddes Solar Project Goes Live, Powering New Bitcoin Treasury Strategy

July 29, 2025

Ika Launches Mainnet To Enable Native Cross-Chain Asset Control On Sui Blockchain

July 29, 2025

Floki registers an Micar compatible white paper with ESMA.

July 29, 2025

Use Dogecoin (DOGE) To Participate In DLMining Cloud Mining Bitcoin And Easily Achieve $5,000 In Daily Income

July 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Is it really possible to sell Memecoins?

July 29, 2025

Encryption Inheritance Update: July 2025

July 29, 2025

Charting the Course for the Future of Decentralized Platforms

July 29, 2025
Most Popular

AMD enhances visual language models with advanced processing technologies.

January 9, 2025

Michael Saylor declared Bitcoin ETFs to be the most disruptive development on Wall Street since 1993.

December 21, 2023

Polygon Labs lays off 19% of its team after ‘rapid growth’ during cryptocurrency bull period.

February 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.