Lido founder Konstantin Lomashuk shared an x profile called “Second Foundation,” which was created amid discussions about the effectiveness of the ethereum Foundation (EF) efforts for the ecosystem.
However, Lomashuk <a target="_blank" href="https://x.com/Lomashuk/status/1882150153781702962″>clarified that no such entity has been created and that he will soon share his opinion on the EF case.
The development comes after ethereum co-founder Vitalik Buterin stated that the future of the blockchain is decentralized, and EF is just a part of it in a January 21 post. He added:
“EF should not do a 'middle curve', it should confidently represent the aspects of ethereum that it can effectively represent, and deliberately create and encourage open spaces for other organizations to represent the other aspects of ethereum. Arguably some of those other aspects even make more sense in a for-profit format.”
Furthermore, Buterin responded to calls for changes to the EF, including rejecting demands for CEO Aya Miyaguchi's resignation over the foundation's recent sale of eth to cover expenses generated by fostering the ecosystem.
Critics argued that options such as staking and reducing the number of transactions would have been more effective decisions.
Buterin also criticized social media pressure campaigns from figures such as CoinMamba, Tetranode, and Evan Van Ness, emphasizing the damage they do to ethereum culture and talent retention.
Finally, although he acknowledged the need for personnel changes, Buterin gave no signs of immediate changes. He also acknowledged that he makes the decision on EF's leadership roles.
The community supports diversification
Matthew Sigel, Head of Digital Asset Research at VanEck, <a target="_blank" href="https://x.com/matthew_sigel/status/1882081839189500352″>fixed that there is no reason for EF to be the sole entity responsible for directing the future of ethereum.
Defender of the DeFi Master Mantle <a target="_blank" href="https://x.com/Defi_Maestro/status/1882076125964480985″>saying that the creation of a “Second Foundation” takes the pressure on EF to “a whole new level.” In addition, he recognized the possibility of another hard fork, similar to the event that generated the ethereum Classic protocol.
Despite confirming that he is not the founder of Second Foundation, Lomashuk received support from his peers to lead an ethereum-focused entity.
Gabriel Shapiro, founder of MetaLeX Labs <a target="_blank" href="https://x.com/lex_node/status/1882076605767618768″>called the Lido founder is “one of the highest-integrity founders/investors in the space” and a long-time eth holder. He added that a Lomashuk-backed entity driving the development of the ethereum ecosystem would be “incredibly optimistic.”
José María Macedo, co-founder of Delphi Labs, <a target="_blank" href="https://x.com/ZeMariaMacedo/status/1882085117767934246″>commented that he sees no “more effective leader” for another ethereum-focused foundation than Lomashuk. He added:
“If Vitalik is the prophet, Konstantin is the prince. A strategic thinker/visionary who deeply understands cryptocurrencies and executes relentlessly. “He also constantly attracts world-class talent around him.”
Meanwhile, Stani Kulechov, founder of Avara Labs, <a target="_blank" href="https://x.com/StaniKulechov/status/1881683418376708323″>urged a “better, faster, stronger EF path with reduced range.” He said less attention should be paid to “domestic politics or neutrality” and that efforts should be directed at advancing technology as quickly as possible.
