Curve Founder Michael Egorov Urges Ethereum Foundation to Focus on L1 Scaling and DeFi Innovation

In a recent discussion, Michael Egorov, the founder of Curve, shared insights regarding the ongoing controversy surrounding the Ethereum Foundation. Egorov advocates for a strategic roadmap that prioritizes the scalability of Layer 1 (L1) solutions. He emphasizes the necessity for the Foundation to recognize that Layer 2 (L2) solutions could be fragmenting the ecosystem, inadvertently steering users toward venture capital-backed blockchains, which undermines the intended neutrality of Ethereum.

Moreover, he suggests that the Ethereum Foundation should channel funds into essential non-profit infrastructure projects, highlighting initiatives like Vyper and Titanoboa as key examples. Continual engagement with the DeFi sector is crucial, urging the Foundation to adapt its roadmap based on the evolving needs of projects within this space. Egorov also discourages financial backing for what he terms “virtue signaling” ventures, deeming them inefficient.

Lastly, he underscores the importance of establishing rapport with the traditional financial sector and policymakers, asserting that Ethereum stands as the only blockchain capable of underpinning a globally trusted financial infrastructure, integral for the next phase of economic development.