Ethereum Researcher Dankrad Feist Joins Eigenlayer Amid Community Backlash
Summary:
Ethereum researcher Dankrad Feist has announced his decision to join Eigenlayer as an advisor, following his colleague Justin Drake. The move has garnered both criticism and support from the community due to potential conflicts of interest. Both Feist and Drake are expected to receive considerable token compensation for their new roles. Despite backlash, Feist insisted his new position would not influence the development of Ethereum's core protocol. However, Lefteris Karapetsas, the founder of Rotkiapp, rebuked their decisions, arguing it was impossible to avoid bias in judgement.
Dankrad Feist, the Ethereum researcher, has made public his decision to serve as an adviser to Eigenlayer. His announcement comes after fellow researcher, Justin Drake, joined the advisory board of Eigenlayer. Feist clarified that his new role would neither influence the Ethereum Foundation nor would it sway his commitment towards decentralization and risk management. Feist, alongside Drake, would hold advisory roles at Eigenlayer while maintaining personal positions, thus raising the possibility of taking contrarian views about Eigenlayer. This announcement elicited both criticism and support from the community due to potential conflicts of interest and the substantial token compensation Feist is slated to receive from this role.
Feist assured that the token allocation won't distort his approach towards the core protocol's development. Instead, he expressed confidence that his advisory role could bring significant value to Ethereum, provided it is executed by someone with high moral standing. He pledged to remain at the helm and ensure that the leaders maintained their integrity. He affirmed his readiness to voice his opinions openly or even abandon his position if he felt a deterioration in the situation. Despite the community discontent, a member applauded the transparency, speculating that the criticism was likely due to perceived malice from Eigenlayer.
Rotkiapp’s founder, Lefteris Karapetsas, voiced his displeasure over the researchers' decisions, stating bluntly that such a conflict of interest from Ethereum's key decision-makers is unacceptable. Karapetsas denounced Feist's and Drake's choices, asserting that no amount of assurances could convince him that their judgement will remain unbiased. He insisted that it was an impossible expectation.
A few days prior, on May 19, Drake shared his own decision to join Eigenlayer as a paid adviser, a role that promised to credit him with EIGEN tokens worth millions. While conceding that his new position could jeopardize his personal reputation, Drake expressed his willingness to guide Eigenlayer from within.
Published At
5/21/2024 1:08:58 PM
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