🚀 EigenLayer Establishes Protocol Council For Governance Oversight
#EigenLayer #ProtocolCouncil #Governance #Blockchain #Crypto #ELIPs #EigenFoundation #Multisignature #Ecosystem
According to PANews, the Eigen Foundation, the development team behind EigenLayer, has announced the formation of a Protocol Council. This newly established multi-stakeholder organization is tasked with overseeing the governance of the EigenLayer protocol.
The Protocol Council will be managed using a Gnosis Safe wallet with a 3/5 multisignature mechanism. The initial members of the council include two representatives from the Eigen Foundation and three external members. These external members hail from blockchain security research firm Sigma Prime, crypto service provider Unit410, and teams from Creed and Consensys Diligence.
The primary responsibility of the council is to review and approve EigenLayer Improvement Proposals (ELIPs). This process ensures that all proposed enhancements contribute to the protocol's development and support the growth of the EigenLayer ecosystem.#EigenLayer #ProtocolCouncil #Governance #Blockchain #Crypto #ELIPs #EigenFoundation #Multisignature #Ecosystem
🚀 Eigen Foundation Transfers Control to Protocol Council
#EigenFoundation #ProtocolCouncil #EigenLayer #Governance #DecentralizedGovernance #ELIPs #EcosystemDevelopment
According to PANews, the Eigen Foundation has announced the official launch of the Protocol Council, marking the completion of the final transaction to transfer control to the council. The Protocol Council serves as the central decision-making body for the governance of EigenLayer. It is responsible for reviewing and approving EigenLayer Improvement Proposals (ELIPs) to ensure that all protocol upgrades meet security requirements and support the sustainable development of the ecosystem. The council is composed of diverse representatives from the Eigen ecosystem, aiming to advance decentralized governance of the protocol.#EigenFoundation #ProtocolCouncil #EigenLayer #Governance #DecentralizedGovernance #ELIPs #EcosystemDevelopment