Ethereum researchers Justin Drake and Dankrad Feist announced that they are stepping down from their roles as advisors to the EigenLayer restaking platform. The decision comes after months of controversy and concerns about potential conflicts of interest.
The revelation of the Drake link with EigenLayer, last May, generated an intense debate within the Ethereum community. With EigenLayer positioning itself among the leading DeFi projects on the network, the millionaire remuneration in EIGEN tokens that Drake would receive in the last 3 years, as he admitted, raised serious questions about his neutrality.
drake express publicly his regret for the situationacknowledging that it was a “bad decision.” In an attempt to regain trust, he announced a stricter personal policy that goes beyond the Ethereum Foundation guidelines:
«From now on, I will reject all advisory positions, angel investments and security advice. “This personal policy goes beyond the recent conflict of interest policy of the entire Ethereum Foundation, not because I have been asked to do so, but because I want to signal my commitment to neutrality.”
Justin Drake.
For his part, Feist emphasized the importance of focusing on the development of the Ethereum mainnet. His resignation from EigenLayer aligns with this priority, making it clear that its main commitment lies in strengthening the basics of Ethereum.
«Eigenlayer is a great project that I hope will continue to complement Ethereum well in several ways. But Ethereum has a lot of important work to do and I will focus all my attention on getting it done.
Dankrad Feist
The Ethereum Foundation, faced with pressure from the community, had promised to formalize a conflict of interest policy.
“It is clear that relying on culture and individual judgment has not been enough, and we have been working on a formal policy to address this issue for some time. We will accelerate this work and share an update soon,” said in a May statement Aya Miyaguchi, CEO of the Ethereum Foundation.
Although this policy has not yet been officially published, Drake’s decision suggests that the entity is moving in this direction.
Implications for the Ethereum ecosystem
The departure of Drake and Feist from EigenLayer marks a turning point in the debate over governance and conflicts of interest within the Ethereum ecosystem. While EigenLayer is a promising project, The controversy has highlighted the need to establish clear and transparent limits to avoid situations that could undermine confidence in the main actors in the community.
As Ethereum continues to evolve, it will be crucial to ensure that key researchers and developers maintain an unbiased stance and focus on the greater good of Ethereum. Drake and Feist’s resignation is a reminder that transparency and integrity are critical to the long-term success of Ethereum and other projects in the ecosystem.
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