Two Ethereum Foundation researchers, Justin Drake and Dankrad Vest, have revealed decisions to step down from their advisory positions at EigenLayer. The two experts took on this role through the rollback protocol earlier in May 2024 – much to the disappointment of the cryptocurrency community.
As reported by Bitcoinist, prominent cryptocurrency figures have made a move to join EigenLayer as advisors, with Drake specifically promising to reinvest his profits into the ETH ecosystem. However, the cryptocurrency community on social media platform
Justin Drake apologizes to the Ethereum community and foundation
In a November 2 post on X, Justin Drake Announce He dropped the advisory role with EigenLayer in September 2024 and also left the Ultra Sound team. The researcher also apologized to the Ethereum community and his colleagues at the foundation for the controversy surrounding his appointment.
Drake added in the post:
From now on, I will reject all advisory, angel investments and security councils. This personal policy goes beyond the recent EF (Ethereum Foundation) wide conflict of interest policy, not because I was asked to but because I want to signal (a) commitment to neutrality.
As explained in Drake’s letter, the move to Eigenlayer by researchers forced the Ethereum Foundation to formulate a conflict of interest policy in order to avoid a recurrence of such incidents. In the wake of these moves, Executive Director Aya Miyaguchi was the first to signal the foundation’s commitment to addressing the issue of conflicts of interest.
Source: AyaMiyagotchi/X
More Danksharding Upgrades?
Oddly enough, Dankrad Fest at the same time Released A message on X announcing his decision to resign from his consulting position at EigenLayer. The famous creator of the “Danksharding” concept emphasized that while the contract was negotiated in good faith, he understands how the relationship with EigenLayer can easily be misunderstood.
Feist noted:
Eigenlayer is a great project and I hope it continues to complement Ethereum well in many ways. But Ethereum has a lot of important work to do and I will focus all my attention on getting it done. This will allow me to be more effective in implementing Danksharding and other important projects.
These announcements received positive feedback from the cryptocurrency community on the X platform, with many prominent figures Labeling Their decisions to leave EigenLayer is a good call.
The price of ETH under bearish pressure on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from Getty Images, chart from TradingView