Lido founder Konstantin Lomashuk shared an
However, Lomashuk clarified that no such entity has been created, and he will soon share his thoughts on the EF case.
The development comes after Vitalik Buterin, co-founder of Ethereum, stated in a January 21 post that the future of the blockchain is decentralized, and EF is just part of that. He added:
“EF should not be ‘mid-curve’, it should confidently represent the aspects of Ethereum in which it can be effective, and intentionally create and nurture open space for other organizations to represent the other aspects of Ethereum. Some of those other aspects might even make more sense in a for-profit format.”
Moreover, Buterine responded to calls for changes in the EF, including rejecting demands for the resignation of Executive Director Aya Miyaguchi over the foundation’s recent sale of ETH to cover costs generated by advancing the ecosystem.
Critics argued that options such as staking and reducing the number of trades would have been more effective decisions.
Buterin also criticized social media pressure campaigns by figures like CoinMamba, Tetranode and Evan Van Ness, highlighting the damage they are doing to Ethereum’s culture and talent retention.
Finally, while Buterin acknowledged the need for personnel changes, he did not announce any immediate shifts. He also acknowledged that he makes the decision for EF leadership roles.
The community supports diversification
Matthew Sigel, head of digital asset research at VanEck, declared that there is no reason for EF to be the sole entity responsible for driving the future of Ethereum.
Mantle proponent DeFi Maestro said that creating a ‘Second Foundation’ takes the pressure on EF to ‘a whole new level’. Additionally, he acknowledged the possibility of another hard fork, similar to the event that generated the Ethereum Classic protocol.
Despite confirming that he is not the founder of Second Foundation, Lomashuk received support from his peers to lead an Ethereum-focused entity.
MetaLeX Labs founder Gabriel Shapiro called the Lido founder “one of the most honorable founders/investors in the space” and long-time ETH holder. He added that a Lomashuk-backed entity driving the development of the Ethereum ecosystem would be “unfathomably bullish.”
José Maria Macedo, co-founder of Delphi Labs, noted that he doesn’t see a “more effective leader” for any other Ethereum-focused foundation than Lomashuk. He added:
‘If Vitalik is the prophet, Konstantin is the prince. A strategic thinker/visionary who deeply understands crypto and executes it ruthlessly. Also continually attracts world-class talent.”
Meanwhile, Stani Kulechov, founder of Avara Labs, said urged a “better, faster and stronger EF path with a tight range.” He said less attention should be paid to “internal politics or neutrality” and efforts should be focused on advancing the technology as quickly as possible.
