Etherean Foundation Establishes DeFi Team to Promote "DeFipunk" Development

Odaily News The Ethereum Foundation has announced the establishment of a dedicated DeFi support team, creating a DeFi unit under the App Relations department to advance the development of decentralized finance protocols and strengthen its "DeFipunk" vision.

The new team has appointed former DELV CEO and MakerDAO governance architect Charles St. Louis as DeFi Protocol Specialist, with Gearbox Protocol co-founder Ivan (ivangbi) serving as DeFi Coordinator. The overall App Relations work will be led by Jason Chaskin.

The Ethereum Foundation stated that its ideal DeFi should possess characteristics such as permissionlessness, censorship resistance, privacy-first, self-custody, and open-source, emphasizing support for projects that genuinely align with these principles.

Charles St. Louis stated that "DeFipunk" represents a core philosophy: DeFi should not merely be an improved version of traditional finance but should become a financial system that can only exist on Ethereum.