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Lido founder creates second foundation for Ethereum

Konstantin Lomashuk revealed the creation of a “Second Foundation” for Ethereum amid leadership changes at the Ethereum Foundation. This foundation focuses on upholding decentralization, particularly in light of recent exits by significant figures in the community.

The goal of the Second Foundation is to counter the prevalent “bag-chasing” culture within crypto and reinforce the core principles of decentralization in the Ethereum ecosystem. Lomashuk emphasizes that the future should favor a decentralized vision for the Ethereum blockchain.

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