So I asked directly, what's actually preventing that here?

this is the opposite of a conflict of interest it's an alignment of interest we will not have control none of us including victor or any of the other 50 contributors can direct research we don't amend governance we don't block disbursements there's a rotating board of independent seats all of this is hard-coded to prevent kind of funder capture let's contrast this with the other large chains and foundations.

They're the definition of funder capture.

So I asked, is ETH Labs here to protect the protocol or the token? Joseph was emphatic.

Over 50% of all stablecoins are transacted and settled in the Ethereum ecosystem, mainnet and layer twos.

I think over 60% of RWA.

Look at Solana.

It has less than one-tenth the stablecoin activity, which is the monetary payment layer of the future of finance as the Ethereum ecosystem.