Fri, May 24, 2024 at 20:33

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    Joy

    • Hey Annie!

    • Have you heard about the latest buzz in the Ethereum community?

    • The Ethereum Foundation is speeding up their efforts to establish a formal conflict of interest policy.๐Ÿš€

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  • Annie

    • Oh, really?

    • What prompted this sudden move?๐Ÿค”

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  • ์ธ๋„ค์ผ

    Joy

    • Well, it all started when two of their researchers received significant incentives from EigenLayer.

    • This raised concerns about potential conflicts of interest.

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    • So, the Foundation decided to act quickly!๐Ÿ˜ฎ

  • Annie

    • I see.

    • Who are these researchers, and what kind of incentives did they receive?๐Ÿ’ก

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  • ADward

    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... ๐Ÿ˜…

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  • ์ธ๋„ค์ผ

    Joy

    • One of them is Justin Drake.

    • He disclosed his advisory role with EigenLayer on May 19, and he received a substantial amount of EIGEN tokens, worth millions of dollars!๐Ÿ’ธ

  • Annie

    • Wow, that's a lot!

    • Did he say what he plans to do with those tokens?๐Ÿคฏ

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  • ์ธ๋„ค์ผ

    Joy

    • Yep!

    • Drake committed to reinvesting all the proceeds into the Ethereum ecosystem, either as investments or donations.

    • Heโ€™s focusing on researching restaking risks.

    • Pretty noble, huh?๐Ÿ˜Š

  • Annie

    • That sounds responsible.

    • What about the other researcher?

    • Did they do something similar?๐Ÿค”

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  • ์ธ๋„ค์ผ

    Joy

    • The other researcher is Dankrad Feist.

    • He also took an advisory role with EigenLayer but clarified that heโ€™s acting in a personal capacity.

    • Unlike Drake, he didnโ€™t pledge any financial reinvestments into the community.๐Ÿคทโ€โ™€๏ธ

  • Annie

    • Interesting.

    • So, how did the Ethereum Foundation respond to all this?๐Ÿง

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  • ์ธ๋„ค์ผ

    Joy

    • Executive Director Aya Miyaguchi emphasized the importance of neutrality and announced that they are accelerating the development of a formal conflict of interest policy.

    • She said an update would be shared with the community soon.๐Ÿ“ข

  • Annie

    • That makes sense.

    • But why didn't they have a policy in place already?๐Ÿคจ

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  • ์ธ๋„ค์ผ

    Joy

    • Good question!

    • Miyaguchi mentioned that they had been relying on culture and individual judgment to mitigate conflicts of interest.

    • But clearly, thatโ€™s not enough anymore.๐Ÿ˜…

  • Annie

    • True, especially with such high stakes.

    • Did anyone else in the community comment on this issue?๐Ÿค”

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  • ์ธ๋„ค์ผ

    Joy

    • Yes, Lefteris Karapetsas, a former Ethereum software engineer, suggested that the Foundation should provide adequate compensation to its staff to prevent them from seeking external rewards.

    • Makes sense, right?๐Ÿ’ก

  • Annie

    • Absolutely.

    • So, what exactly is EigenLayer, and why is it so significant?๐Ÿค“

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  • ์ธ๋„ค์ผ

    Joy

    • EigenLayer is a platform that allows users to deposit and re-stake ether from various liquid staking tokens.

    • It aims to allocate these funds to secure third-party networks or actively validated services.

    • It's a big innovation in the staking space!๐ŸŒŸ

  • Annie

    • Got it.

    • So, overall, do you think this news is good or bad for the Ethereum community and the market?๐Ÿ“ˆ๐Ÿ“‰

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  • ์ธ๋„ค์ผ

    Joy

    • Iโ€™d say itโ€™s good news!๐ŸŒŸ The Foundationโ€™s quick response to establish a formal policy shows their commitment to transparency and governance.

    • This should boost confidence in Ethereum and could positively impact the market.๐Ÿš€

    • To sum up, this article is considered a ๐Ÿ˜Bullish for investors!!