Ethereum Foundation to Accelerate Formal Policy Addressing Potential Conflicts of Interest
The non-profit Ethereum Foundation is stepping up its efforts to create a formal policy that addresses potential conflicts of interest.
This move comes in response to recent disclosures by two of its researchers, who revealed receiving “significant” EigenLayer token incentives.
Key points:
- Ethereum Foundation Executive Director Aya Miyaguchi acknowledges the importance of the organization’s credible neutrality in the ecosystem.
- The foundation shares the community’s concerns regarding potential conflicts of interest.
- Relying on culture and individual judgment has proven insufficient, prompting the need for a formal policy.
- Ethereum Foundation commits to accelerating the development of the policy and providing an update soon.
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In a statement posted on X, Aya Miyaguchi, Executive Director of the Ethereum Foundation, emphasized the critical role of the organization’s credible neutrality in performing its duties within the ecosystem.
She acknowledged the ongoing conversation surrounding potential conflicts of interest and expressed the foundation’s shared concerns with the community.
Ethereum Foundation is working on addressing the issue
Miyaguchi admitted that relying solely on culture and individual judgment has not been adequate in addressing this issue. She revealed that the Ethereum Foundation has been working on a formal policy to tackle the problem for some time and pledged to expedite this work in light of recent events. The foundation plans to provide an update on the progress of the policy soon.
The community’s reaction to the researchers’ disclosures has been swift and vocal. Lefteris Karapetsas, a former Ethereum software engineer and founder of the crypto portfolio tracking tool Rotki, called on the Ethereum Foundation to provide sufficient compensation to its colleagues.
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The Ethereum Foundation’s commitment to accelerating the development of a formal policy is a positive step towards addressing the concerns raised by the community.
