After Ethereum researcher Justin Drake publicly revealed his role as an advisor to Eigen Foundation, Ethereum Foundation researcher Dankrad Feist also disclosed his position as an advisor to the Eigen Foundation.
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Ethereum Researcher Becomes Advisor to EigenLayer
Researcher’s Conflict of Interest Questioned
Ethereum Researcher Becomes Advisor to EigenLayer
Justin Drake recently revealed that he has become an advisor to Eigen Foundation, with compensation exceeding the value of his entire cryptocurrency assets, and Dankrad Feist’s conditions are the same as Justin Drake’s.
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Both individuals emphasize that the significant amount of Eigen tokens they receive as advisor compensation will not change their critical stance and their views on future development. Dankrad Feist specifically points out three major risks of EigenLayer in the article, including delegated staking, additional burden on stakers, and re-staking infrastructure.
The difference is that Justin Drake promises to reinvest all advisor earnings (through investment or donation) into Ethereum ecosystem projects, while Dankrad Feist does not specify.
Dankrad Feist Discloses Advisor Position at EigenLayer
Researcher’s Conflict of Interest Questioned
Justin Drake and Dankrad Feist did not specify when they became advisors to the Eigen Foundation, but the timing of their disclosures coincided with prominent KOL Cobie questioning Ethereum founder Vitalik Buterin.
On the 18th, Vitalik tweeted:
“I am proud that Ethereum has an open culture that allows people to freely express their views, even if these views have very negative feelings towards major things in the protocol or ecosystem. Some people wave the flag of ‘open discussion’ as an ideal, while others take it seriously.”
Cobie commented in response:
“How do you feel about Ethereum Foundation core developers or researchers getting life-changing compensation as advisors from projects built on Ethereum, which may now or in the future have conflicts of interest with Ethereum? For example, EigenLayer.”
Vitalik did not respond, and Justin Drake and Dankrad Feist disclosed their advisor positions on the 19th and 21st respectively. According to Justin Drake, three Ethereum Foundation members have formal relationships with the Eigen Foundation.
Dankrad Feist
Eigen Foundation
EigenLayer
Justin Ðrake
Further Reading
Ethereum Researcher Justin Drake Becomes Advisor to EigenLayer, Receives Millions of Dollars Worth of Eigen Tokens
New Front in Re-staking! Lido Co-founder and Paradigm Secretly Support Symbiotic, a Competitor of EigenLayer.