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New York, NY, 17th September 2024, Chainwire

It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Eigen Foundation behind Ethereum restaking protocol EigenLayer is launching another wave of rewards before the token begins trading.

AltLayer has introduced Wizard, a platform designed to simplify the deployment and management of Actively Validated Services (AVS) for developers working within the EigenLayer ecosystem.

Eigen Labs introduces the EigenPod upgrade, a major update to EigenLayer, simplifying and rewarding native ETH restaking.

Several unlocks are coming in September, with a mixed bag of tokens dedicated to the community or to project development. Unlocks are still seen as a mostly bearish sign due to supply pressures.

This week is crucial for the crypto market as several significant events are on the horizon. These developments encompass the release of the FOMC minutes, updates on EigenLayer, and the introduction of Arbitrum's new staking initiative.

TL;DR Symbiotic has launched its Devnet on the Ethereum Holesky test network, marking a key step towards its full deployment. The restaking protocol positions itself as a competitor to EigenLayer, with support for a variety of ERC-20 tokens.

The Ava Protocol is going live with 20 EigenLayer operators that were sourced from the top 100 EigenLayer operators by TVL.

EigenLayer Research invites proposals for Uniswap v4 Hooks, aiming to collaborate with innovative builders to enhance the decentralized finance ecosystem.

Eigen Foundation grants its first strategic funds to Celo Foundation, enhancing Celo's Layer-2 with EigenDA's data availability.

ARPA Network integrates with EigenLayer to enhance security, scalability, and functionality of its BLS threshold signature system and Randcast product across multiple blockchains and applications.

EigenLayer had grown by over 1,335% by June due to steady deposits and a rising Ether price.

P2P.org's new API integration enables intermediaries to stake Ether and restake it on EigenLayer directly through its platform.

The Ethereum Foundation is set to implement a formal conflict of interest policy following community backlash over researchers' ties to EigenLayer, highlighting the need for transparency and accountability in the Ethereum ecosystem. The post Ethereum Foundation to implement conflict of interest policy amid EigenLayer controversy appeared first on Crypto Briefing.

Executive director Aya Miyaguchi said the foundation's neutrality can't depend on culture and individual judgment after researchers take multimillion-dollar roles at EigenLayer.

In a swift response to growing concerns over potential conflicts of interest, the Ethereum Foundation announced an accelerated effort to establish a formal policy. This initiative comes after revelations that two of its researchers received “significant” incentives from EigenLayer, prompting a broader discussion on the need for clear governance frameworks within the organization.

The executive director acknowledges that “culture and individual judgment” are not sufficient guardrails.

The involvement of Ethereum researchers in advisory roles at EigenLayer has raised significant concerns within the blockchain community about potential conflicts of interest and the maintenance of credible neutrality.

The news set off a debate on the social-media platform X about whether advising the EigenFoundation might constitute a conflict of interest – given the flagged risks to Ethereum from restaking protocol EigenLayer.

Feist's decision to join Eigenlayer as an Advisor follows in the recent controversial footsteps of Ethereum researcher Justin Drake.

Ethereum's Dankrad Feist revealed that he had become an advisor to EigenLayer, and that he receives a 'significant' amount of tokens.

An Ethereum core researcher reveals shock EigenLayer ties. Do Ethereum Foundation members have undisclosed conflicts of interest?