TL;DR
- The Eigen Foundation has launched the Protocol Council, a multi-stakeholder group to oversee the governance of EigenLayer, enhancing its security and integrity.
- The council consists of five members, including experts from Sigma Prime, Unit410, and Consensys Diligence, ensuring collective and secure decision-making.
- The Protocol Council aims to advance EigenLayer’s functionality, support ecosystem growth, and decentralize control, marking a significant step in its governance evolution.
The Eigen Foundation has announced the launch of the Protocol Council, a multi-stakeholder group designed to oversee the governance of EigenLayer. This initiative is part of the broader EigenGov system, which aims to enhance the protocol’s governance by involving a diverse group of stakeholders.
The Protocol Council will play a crucial role in maintaining the security and integrity of the EigenLayer protocol by reviewing and approving EigenLayer Improvement Proposals (ELIPs).
https://twitter.com/eigenfoundation/status/1864372829044580564
Composition and Responsibilities
The Protocol Council will initially consist of five members, including two representatives from the Eigen Foundation and three independent members from the broader EigenLayer community.
These members are selected for their expertise and experience in blockchain security and governance. The council will operate a Gnosis Safe with a 3-of-5 threshold configuration, ensuring that decisions are made collectively and securely.
The initial external members include Sigma Prime, represented by Mehdi Zerouali; Unit410, represented by Mike Reinhart; and Gonçalo Sá from Creed and Consensys Diligence.
Sigma Prime is a leading blockchain security and research firm, while Unit410 provides non-custodial cold storage and staking solutions. Gonçalo Sá brings over 20 years of experience in offensive security, making him a valuable addition to the council.
Goals and Vision
The primary goal of the Protocol Council is to ensure that all proposed improvements to the EigenLayer protocol advance its functionality and support the growth of the ecosystem.
By involving a diverse group of stakeholders, the Eigen Foundation aims to create a more robust and resilient governance system. The council will also help to decentralize control over the protocol, gradually transitioning authority to community contributors.
Future Prospects of EigenLayer’s Protocol Council
The establishment of the Protocol Council marks a significant step forward in the governance of EigenLayer. As the council begins its work, it is expected to expand its membership and responsibilities over time.
This evolution will further strengthen the protocol’s governance and ensure that it remains responsive to the needs of its community. The launch of the Protocol Council by the Eigen Foundation represents a major milestone in the development of EigenLayer’s governance.
