Ethereum Foundation forms new team to support DeFi

The Ethereum Foundation (EF) has established a new dedicated team to support DeFi protocols, The Block reported. The team includes a governance developer from MakerDAO (MKR, now SKY) and a co-founder of Gearbox Protocol. The team is set to support development in areas including: - User-controlled AI - On-chain futures markets - Communities based on futarchy, a governance model where values are determined by voting and implementation methods by prediction markets - Privacy-preserving collateralized loans using zero-knowledge (ZK) proofs The foundation also plans to strengthen its collaboration with individual DeFi projects. It stressed that DeFi must evolve while upholding the core principles of being permissionless, censorship-resistant, privacy-first, self-custodial, and open-source.