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#944 - New Leadership At EF Protocol Cluster

The EF Protocol cluster gets new leads as Tim Beiko and Barnabe Monnot step back; CLARITY Act draft drops; Aave amends AIP after a court order.

Quick Take

  • EF Protocol gets new leadership.

  • CLARITY Act draft release.

  • Aave Labs amends Arbitrum AIP.

  • Octant deploys $1m to vaults.


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New Leadership At EF Protocol

The Ethereum Foundation named Will Corcoran, Kev Wedderburn, and Fredrik as the new leads of its Protocol cluster as Tim Beiko and Barnabé Monnot step down from their roles. The new team takes over the coordination of Glamsterdam, Hegotá, and the protocol strawmap. Beiko and Monnot announced their transitions on X. Read more

CLARITY Act Draft Released

The Senate Banking Committee released its CLARITY Act discussion draft ahead of a Thursday markup. The nine-title bill splits SEC and CFTC jurisdiction over digital assets, introduces a Regulation Crypto framework for ancillary assets, and bans deposit-like interest payments on stablecoins. The draft also defines decentralization tests for protocols seeking exemption and sets disclosure standards for token issuers. Read more

Aave Amends Arbitrum AIP

Aave Labs posted an amended Arbitrum AIP updating the execution path for the previously approved transfer of 30,765 frozen ETH. A May 8th court order authorized the onchain transfer but required the ETH to move to a wallet controlled by Aave LLC rather than the originally proposed 3-of-4 Gnosis Safe. The recovery objective of restoring rsETH's backing within the Kelp protocol remains unchanged. Read more

Other News


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