Justin Drake's comment on advisorship in EigenFoundation

I recently became an advisor to the EigenFoundation. I feel the community deserves transparency so here is an extended disclosure :) 1) The advisorship comes with a significant EIGEN token incentive which could easily be worth more than the combined value of all my other assets (mostly ETH). We're talking millions of dollars of tokens vesting over 3 years. 2) I pledge to reinject all advisorship proceeds towards worthy projects within the Ethereum ecosystem, either as investments or donations. I also stand ready to end the advisorship at any time, e.g. should EigenLayer go in a direction I deem to be against Ethereum's interests. 3) I am picky with advisorships (having likely turned down over 100 so far) and I didn't accept the EigenFoundation advisorship lightly. Sreeram first talked about an advisorship in March 2023 and the whole process took discussions over one year. 4) The advisorship happened on the condition that my mandate be limited to researching restaking risks and that I not be included on marketing material. 5) Given my focus on restaking risks you can expect my default public stance to continue to lean critical of EigenLayer. I will try to make my criticism constructive, advocating for mitigations to risks like the erosion of solo validators and the intersubjective overloading of Ethereum consensus. 6) By being an advisor I hope to have a front-row seat to restaking issues and steer EigenLayer from within. As a researcher I feel I did too little too late with regard to liquid staking. This is an opportunity to not repeat the mistake with restaking. 7) Competing restaking platforms provide healthy diversity and I will gladly share insights and bounce ideas with competitors like Karak and Symbiotic. 8) Some people may ask if EigenLayer is trying to systematically "bribe" or "corrupt" the EF. Nowadays the EF is a large organisation with 300+ people. To my knowledge 3 EFers have a formal relationship with EigenLayer entities: one as an early EigenLabs investor, and two as recent EigenFoundation advisors. EFers are some of the highest integrity people I know and I don't see the 1% of EFers formally involved with EigenLayer compromising their morals. 9) Having interacted a bunch with Sreeram I believe he is in our space for all the goods reasons. He has a razor sharp mind and a genuine desire to build something meaningful—what he calls the "Open Verifiable Digital Commons". Sreeram's outstanding character was key to accepting the advisorship. 10) I want to highlight that I'm advising in an individual capacity. This is more than just a legal detail: I live my work life first and foremost as an Ethereum researcher, not as an EF researcher. I try to stay a free and independent thinker and serve the interests of Ethereum even if it sometimes means breaking the mould of expectations that comes with being an EF researcher. 11) I do acknowledge that accepting the EigenFoundation advisorship inevitably comes with downside risk beyond my personal reputation. I hope the above shows that it is at least a considered move with calculated risks. I shared the above disclosure with additional restaking thoughts at https://justin.orb.land/invocation/5