Uniswap Founder Criticizes Ethereum Foundation’s Advisory Group
Hayden Adams, the founder of Uniswap, recently criticized the Ethereum Foundation’s newly established advisory group called the “Silviculture Society.”
Adams expressed that the initiative did not align with the community’s expectations and urged the Foundation to improve its communication strategies by being more direct and clear.
Community Concerns
- Perceived disconnect between Foundation’s initiatives and transparent communication
- Unease about ongoing structural changes and treasury management practices
- Direct implications on ETH’s market performance
Efforts for Clear Communication
The Silviculture Society, as per an EF statement, includes individuals outside the Foundation selected to provide informal counsel. The primary aim is to uphold the Foundation’s core values of open source, privacy, security, and censorship resistance.
Vitalik Buterin, Ethereum’s co-founder, responded to Adams’ criticism by highlighting the experimental nature of the initiative and its goal to incorporate community feedback on essential topics like wallet security.
Restructuring and Stability Concerns
- Creation of Silviculture Society amid broader movement to restructure Ethereum Foundation
- Aya Miyaguchi stepping down from executive director role
- Mention of new leadership structure without further details
The Ethereum community has been questioning the Foundation’s treasury management practices, especially in light of ETH’s underperformance compared to other cryptocurrencies. The public selling of ETH holdings has impacted the coin’s price, raising doubts about the Foundation’s strategies.
