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Uniswap CEO's Bold EIP Proposal Shakes Ethereum Ecosystem

Coin WorldTuesday, Jan 28, 2025 1:02 pm ET

1min read

Uniswap CEO Proposes Controversial EIP to Transform Ethereum Ecosystem

Uniswap CEO Hayden Adams has sparked a heated debate within the Ethereum community by proposing a controversial Ethereum Improvement Proposal (EIP). The proposal aims to transform the Ethereum ecosystem by introducing a one-time inflationary event, where newly minted ETH would be used to acquire top decentralized finance (DeFi) projects and Layer-2 (L2) solutions.

Adams' proposal, which he shared on X (formerly Twitter), suggests that DAOs could pre-commit on-chain ahead of time, making DeFi and L2 solutions free and the only remaining ticker, ETH. The proposal has reignited discussions about unifying the Ethereum ecosystem, particularly around the role of L2 solutions.

C-node, an Ethereum community member, proposed forming a consortium of competitors to draft an EIP minting ETH for collective acquisitions. Optimist Prime, an advocate for Ethereum scaling, highlighted Optimism's contributions to Ethereum, citing its open-source commitment and funding for Layer-1 (L1) public goods.

These remarks come on the heels of Ethereum advocate Jill Gunter's call for greater neutrality and coordination among top L2 teams. Gunter emphasized collaboration over competition, aligning with Vitalik Buterin's thoughts on scaling Ethereum's L1 and L2 infrastructure.

The discourse adds to the list of calls on the Ethereum ecosystem, which continues to face criticism for its fragmented approach to scaling, governance, and interoperability. These concerns stem from significant leadership changes within Ethereum. The Ethereum Foundation (EF) recently announced a restructuring of its leadership, raising questions about the project's direction and governance.

Additionally, key figures like Eric Conner have announced their departure from the Ethereum community, citing frustrations with Ethereum's internal dynamics and lack of focus on end-user benefits. Vitalik Buterin has floated the idea of creating an Ethereum Staking Foundation to address concerns about centralization in staking activities. Justin Sun, founder of Tron, recently shared his own revival plan for Ethereum, emphasizing the need for better user experiences and broader adoption of Ethereum-based solutions.

As the Ethereum ecosystem navigates these challenges, the proposed EIP by Uniswap CEO Hayden Adams serves as a catalyst for broader discussions about the future of Ethereum

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