Two ethereum Foundation researchers, Justin Drake and Dankrad Feist, have revealed the decision to leave their advisory positions at EigenLayer. The two experts took on this role with the recovery protocol in early May 2024, but to the disappointment of the crypto community.
As reported by Bitcoinist, prominent crypto figures took the step of joining EigenLayer as advisors, with Drake specifically promising to reinvest his profits into the eth ecosystem. However, the crypto community on social media platform x expressed concerns over conflicts of interest surrounding the appointment of ethereum researchers.
Justin Drake apologizes to the community and the ethereum foundation
In a November 2 post on x, Justin Drake x.com/drakefjustin/status/1852734263541874824″ target=”_blank” rel=”noopener nofollow”>announced who left the advisory position at EigenLayer in September 2024 and also left the Ultra Sound team. The researcher also apologized to the ethereum community and his foundation colleagues for the controversy surrounding his appointment.
Drake added in the post:
In the future, I will reject all consultancies, angel investments and security advice. This personal policy goes beyond EF's (ethereum Foundation) recent conflict of interest policy, not because I have been asked to, but because I want to signal (a) commitment to neutrality.
As highlighted in Drake's message, the crossing to Eigenlayer by the two researchers forced the ethereum Foundation to draw up a conflict of interest policy to prevent such incidents from happening again. Following the measures, executive director Aya Miyaguchi was the first to indicate the foundation's commitment to addressing the issue of conflict of interest.
<img data-recalc-dims="1" decoding="async" class="aligncenter wp-image-336608 size-large" src="https://technicalterrence.com/wp-content/uploads/2024/11/Ethereum-researchers-exit-EigenLayer-advisory-role-after-controversy-details.png" alt="ethereum” width=”980″ height=”576″ srcset=”https://bitcoinist.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-03-at-04.14.00.png?w=1170 1170w, https://bitcoinist.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-03-at-04.14.00.png?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-03-at-04.14.00.png?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-03-at-04.14.00.png?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-03-at-04.14.00.png?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-03-at-04.14.00.png?w=1140 1140w” sizes=”(max-width: 980px) 100vw, 980px”/>
Source: AyaMiyagotchi/x
More Danksharding updates?
Interestingly, Dankrad Feist at the same time x.com/dankrad/status/1852734273461080320″ target=”_blank” rel=”noopener nofollow”>released a message on x announcing his decision to resign from his advisory role at EigenLayer. The famous creator of the “Danksharding” concept reiterated that, while the contract was negotiated in good faith, he understands that the relationship with EigenLayer can be easily misinterpreted.
Feist noted:
Eigenlayer is a great project that I hope continues 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. This will allow me to be more effective in implementing Danksharding and other important projects.
These announcements garnered positive responses from the crypto community on the x platform, with several notable figures. x.com/PatrickAlphaC/status/1852765974996349194″ target=”_blank” rel=”noopener nofollow”>labeled your decisions to leave EigenLayer were a good decision.
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The price of eth under bearish pressure on the daily timeframe | Source: ETHUSDT chart on x/Mhj8DR2G/" target="_blank" rel="noopener nofollow">TradingView
Featured image from Getty Images, chart from TradingView
