Ethereum Foundation Establishes DeFi Team to Support New Protocol Development

The Ethereum Foundation has announced the formation of a new DeFi team under App Relations to support the development of protocols aligned with the 'DeFipunk' philosophy. According to ChainCatcher, the team has appointed Charles St. Louis, former CEO of DELV and ex-MakerDAO governance architect, as the DeFi protocol expert. Ivan, co-founder of Gearbox Protocol, will serve as the DeFi coordinator. The team emphasizes the importance of maintaining permissionless, censorship-resistant, privacy-first, self-custody, and open-source principles within DeFi. They plan to provide research support, networking opportunities, and ecosystem showcases for related projects. Additionally, the team will collaborate with the Privacy Cluster, which was reorganized last year, to advance areas such as user-controlled AI, high-throughput on-chain futures, futarchy DAO, and ZK private credit lending.