Justin Drake, a researcher at the Ethereum Foundation, has disclosed his new role as an advisor to EigenLayer, an independent nonprofit organization. This advisorship includes a significant incentive in the form of EIGEN tokens, potentially worth millions of dollars over a three-year vesting period. Drake's disclosure also revealed that two other Ethereum Foundation staff members have formal relationships with EigenLayer, with one being an early investor in EigenLabs and the others serving as recent advisors to the EigenFoundation. The announcement has raised concerns about potential conflicts of interest due to the substantial compensation involved. Drake emphasized transparency by publicly disclosing his involvement on April 17 via the Ethereum blockchain. Additionally, Dankrad Feist, another Ethereum Foundation researcher, has also taken an advisory role at EigenLayer, focusing on risks and decentralization.
Together with Justin and Dankrad, I have recently decided to become an advisor to Eigenlayer, albeit on vastly different terms -- I am taking this position in a red team for smart contract security, not representing the Ethereum Foundation, and with a focus on risks and storage…
I am not an Eigenlayer advisor https://t.co/3eQbCuChSf
Another Ethereum researcher reveals advisor role at EigenLayer following Justin Drake https://t.co/V5HlpbOFOu
Together with Justin and Dankrad, I have recently decided to become an advisor to Eigenlayer, on slightly different conditions -- I am taking this position personally, not representing the Ethereum Foundation, and with a focus on risks and decentralization. I am therefore fully…
i'm not an eigenlayer advisor btw
eigenlayer, advised but not endorsed by the ethereum foundation
Dankrad Feist, a researcher at the Ethereum Foundation, expressed his decision to become an advisor to Eigenlayer and admitted that he will receive a large number of tokens. He still believes that re-staking brings a lot of risk, but it will also bring some benefits to individual…
Together with Dankrad and Justin Drake, I have recently decided to become an advisor to Eigenlayer, on the same conditions -- I am taking this position personally, not representing the Ethereum Foundation, and with a focus on risks and decentralization. I am therefore fully…
Together with Justin Drake, I have recently decided to become an advisor to Eigenlayer, on the same conditions -- I am taking this position personally, not representing the Ethereum Foundation, and with a focus on risks and decentralization. I am therefore fully expected to take…
Ethereum developer revealed his role in EigenLayer @ethereum developer Justin Drake (@drakefjustin) revealed his involvement as an advisor to the independent nonprofit organization Eigen Foundation on May 19. "Advisory work comes with significant compensation in the form of… https://t.co/dZrDtVV4tH
🚨JUST IN: @ETHEREUM FOUNDATION'S JUSTIN DRAKE DISCLOSES ADVISORY ROLE AT @EIGENLAYER
Ethereum Foundation researcher Justin Drake discloses advisor role at Eigen Foundation https://t.co/UiCvwzlJsd
Justin Drake disclosed his EigenLayer involvement publicly on his Orb a month before getting called out on it. The statement was hashed and submitted into the Ethereum blockchain itself on April 17. https://t.co/dODm6mIhd8
Ethereum Foundation researcher Justin Drake has taken a paid adviser role at @eigenlayer, stirring up concerns about potential conflicting incentives. https://t.co/VViZj1kqiR
.@eigenlayer's new advisor @drakefjustin announces that 3 EFers have a formal relationship with Eigen Layer entities: one as an early Eigen Labs investor, and two as recent Eigen Foundation advisors. The advisorship comes with a significant $EIGEN token incentive. Drake will… https://t.co/DENRTyWv6d
why does it matter if justin drake has advisor shares in eigenlayer? everyone important in the industry has tons of undisclosed angel + advisor bags that affect their decision-making. it's normal and ensures we all win together 🏳️🌈
I too recently did not become an advisor to the EigenFoundation. I felt there was a conflict of interest with me not becoming a Monad investor. The community deserves the transparency of knowing that my integrity remains paramount and my bags remain empty. https://t.co/Kl1F2gZKlS
Justin Ðrake disclosed that three Ethereum Foundation staff have a formal relationship with EigenLayer entities: one as an early EigenLabs investor, and two as recent EigenFoundation advisors. He may receive millions of dollars of tokens vesting over 3 years as an advisor. His…
Justin Drake just provided his thoughts and disclosures on EigenLayer in the form of an Orb response. Did you know you can always ask Justin a question about anything? See the link at the bottom of his tweet. https://t.co/8e8UPghnHG
I recently became an advisor to the EigenFoundation. I feel the community deserves transparency so here is an extended disclosure :) 1) The advisorship comes with a significant EIGEN token incentive which could easily be worth more than the combined value of all my other assets…
JUST IN: @EIGENLAYER'S "MAIN INNOVATION IS OBTAINING A LOW COST OF CAPITAL BY GETTING YOUTUBERS TO SHILL THEM" ~ FORMER @ETHEREUM FOUNDATION EXEC