Lido Co-Founder Teases 'Second Foundation' for Ethereum Amid Community Backlash
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Lido founder tweets about the launch of Ethereum's second foundation amid leadership-changing controversy
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Konstantin Lomashuk, the founder of the Lido staking protocol, has teased his intention to build a "Second Foundation" to advance Ethereum's ecosystem.
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Over the past several days, Ethereum co-founder Vitalik Buterin has outlined plans for a major restructuring of the Ethereum Foundation (EF), the nonprofit organization responsible for supporting Ethereum’s development. In a series of posts on X (formerly Twitter), Buterin shared details of the reorganization, which he said would streamline decision-making processes and address inefficiencies.
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