Uniswap CEO Proposes Controversial EIP to Transform Ethereum Ecosystem

Uniswap CEO Hayden Adams revealed an Ethereum Improvement Proposal (EIP) aimed at transforming the ecosystem.

Adam’s remarks come amid ongoing discussions about the Ethereum (ETH) ecosystem after concerns over its leadership and scalability.

Hayden Adams Shares Suggestions for Ethereum Unity

In a post on X (formerly Twitter), Adams suggested a one-time inflationary event. Here, newly minted ETH would be used to acquire top decentralized finance (DeFi) projects and Layer-2 (L2) solutions.

“Honestly, I’ve thought about an EIP that buys out top DeFi projects and L2s with a one-time ETH inflation for years. DAOs could pre-commit on-chain ahead of time so it all happens at once. Make DeFi + L2s free, and the only ticker left is ETH… It would be kinda lit and well worth the cost to Ethereum,” Adams explained.

Adams’ proposal reignited a broader discussion about unifying the Ethereum ecosystem, especially around the role of L2 solutions. C-node, an Ethereum community member, proposed forming a consortium of competitors to draft an EIP minting ETH for collective acquisitions.

Optimist Prime, an advocate for Ethereum scaling, amplified the discussion, highlighting Optimism’s contributions to Ethereum. Among others, he cited its open-source commitment and funding for Layer-1 (L1) public goods.

“The Optimism team has consistently done things to help everyone, competitors included. And what is the Superchain if not a unification of Ethereum,” he wrote.

All these remarks stem from a call from Ethereum advocate Jill Gunter for greater neutrality and coordination among top L2 teams. Gunter emphasized collaboration over competition.

“The tide is shifting. Top L2 teams are starting to signal Ethereum-wide coordination and neutrality in earnest. Less Superchain, more Ethereum,” Gunter proposed.

This aligns with Vitalik Buterin’s thoughts on scaling Ethereum’s L1 and L2 infrastructure. The Ethereum co-founder emphasized the importance of reducing reliance on L2s for basic transactions while maintaining their role in scaling the network.

Meanwhile, the discourse adds to the list of calls on the Ethereum ecosystem, which continues to face criticism for its fragmented approach to scaling, governance, and interoperability. They stem from significant leadership changes within Ethereum. The Ethereum Foundation (EF) recently announced a restructuring of its leadership, raising questions about the project’s direction and governance.

Additionally, Eric Conner, a key figure in the Ethereum community, announced his departure. As BeInCrypto reported, he cited frustrations with Ethereum’s internal dynamics and its lack of focus on end-user benefits.

Adding to the uncertainty, Vitalik Buterin has floated the idea of creating an Ethereum Staking Foundation to address concerns about centralization in staking activities. Justin Sun, founder of Tron, recently shared his own revival plan for Ethereum, emphasizing the need for better user experiences and broader adoption of Ethereum-based solutions.

ETH Price Performance. Source: BeInCrypto

BeInCrypto data shows ETH was trading for $3,199 on this news, up almost 5% since Tuesday’s session opened. Analysts also observe mounting interest among whales, which could bode well for Ethereum’s price.