Ethereum Foundation establishes DeFi team to support new protocol development, reaffirming belief in the "DeFipunk" philosophy

CycleProphet · 2026-02-24T00:31:23+00:00

The Ethereum Foundation has established a dedicated DeFi department, appointing Charles St. Louis and Ivan as experts and coordinators, with the goal of supporting the development of decentralized finance. The focus is on emphasizing DeFi's permissionless, censorship-resistant, and self-custody features, as well as exploring future innovations such as user-controlled artificial intelligence and on-chain futures markets.

CycleProphet

2026-02-24 00:31:23

Abstract generation in progress

Deep Tide TechFlow News, February 24 — According to The Block, the Ethereum Foundation is establishing a dedicated decentralized finance (DeFi) department under its Application Relations team to support new protocol development. The foundation appointed former DELV CEO and MakerDAO governance architect Charles St. Louis as DeFi protocol expert, and Gearbox Protocol co-founder Ivan (ivangbi) as DeFi coordinator.

The Ethereum Foundation stated, “We want to see DeFi thrive, but we have a clear vision of what it should look like: permissionless, censorship-resistant, privacy-first, self-custodied, and open source.” St. Louis added on X platform, “The Ethereum Foundation believes in DeFipunk: not just finance that’s slightly better than traditional finance, but finance that couldn’t exist without Ethereum.”

The team will support existing DeFi projects while focusing on the development of “Tomorrow’s DeFi,” including innovations such as user-controlled artificial intelligence and high-throughput on-chain futures markets.

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