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A recent news has caught the attention of many in the industry: Justin Drake, a prominent researcher at the Ethereum Foundation, has revealed that he has taken on the role of consultant at the Eigen Foundation.
The disclosure followed a discourse between Ethereum co-founder Vitalik Buterin and crypto trader Jordan Fish regarding transparency.
Ethereum researcher Justin Drake's appointment as an advisor to EigenLayer sparks a debate on potential conflicts of interest and the impact on the Ethereum ecosystem.
Ethereum researcher Justin Drake said his EigenLayer role is worth “millions of dollars” and some think it could shake up incentives for those working on the blockchain.
Ethereum Foundation researcher Justin Drake revealed that he became an advisor to the EigenFoundation, an independent non-profit focused on the restaking protocol EigenLayer.
Three Ethereum Foundation staff members disclosed ties with EigenLayer entities, raising concerns over potential conflicts of interest.
TL;DR Covert Investment: Lido co-founders and Paradigm are reportedly funding Symbiotic, a new venture that competes with EigenLayer by allowing restaking of stETH and other ERC-20 tokens. Market Rivalry: Symbiotic's entry into the restaking market challenges EigenLayer's position, as it offers a feature EigenLayer lacks, potentially attracting various decentralized applications.
A recent report reveals that Konstantin Lomashuk and Vasiliy Shapovalov, co-founder of Lido—the largest liquid staking protocol in Ethereum (ETH)—fund a competitor of Ethereum's restaking protocol EigenLayer.
Lido co-founders and Paradigm secretly fund Symbiotic, a new competitor to EigenLayer in the DeFi restaking space. The post Lido co-founders back EigenLayer rival Symbiotic — report appeared first on Crypto Briefing.
The popularity of new blockchain “restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.
Justin Sun, the founder and CEO of Tron (TRX), stands to benefit significantly from the EigenLayer token airdrop. He received over $2 million in EIGEN tokens as part of EigenLayers Phase 1 airdrop.
Tron (TRX) founder and CEO Justin Sun has emerged as a major beneficiary of the EigenLayer token airdrop. He bagged over $2 million EIGEN tokens from the Phase 1 airdrop conducted by EigenLayer.
Fireblocks now offers support for $EIGEN, alongside access to restaking via EigenLayer, a protocol in the Ethereum ecosystem. This integration allows ETH stakers “to generate additional rewards” without committing further collateral through a process called “restaking.
Omni Network has presented the new modular blockchain implementation Octane, capable of integrating the Arbitrum and Celestia ecosystems.
Nethermind, an Ethereum Client, has just declared its participation in NEAR Protocol's Fast Finality Layer (NFFL) initiative. This union comes at a crucial time for decentralized applications (dApps) and smart contracts when the blockchain industry is experiencing a rollup in Layer 2 user adoption in the Ethereum network.
Issues such as community discontent, farm accounts, and restrictive criteria have plagued recent airdrops.
Eigenlayer, the star project in Ethereum Restaking, is set to open its airdrop for collection on May 10th. BingX Exchange will promptly list Eigenlayer's token $EIGEN, allowing users to trade it right away. Eigenlayer stands out as the largest Restaking project on Ethereum in 2024.
The Eigen Foundation, developer of the Ethereum (ETH) restaking protocol EigenLayer, has revealed plans for an upcoming token airdrop.
