The Ethereum Foundation established a DeFi team to promote the development of "DeFipunk."

Odaily Planet Daily reports that the Ethereum Foundation has announced the establishment of a dedicated DeFi support team, setting up a DeFi unit under the App Relations department to promote the development of decentralized financial protocols and strengthen its "DeFipunk" philosophy.

The new team has appointed former DELV CEO and MakerDAO governance architecture designer Charles St. Louis as DeFi Protocol Specialist, and Gearbox Protocol co-founder Ivan (ivangbi) as DeFi Coordinator, with Jason Chaskin leading the overall App Relations efforts.

The Ethereum Foundation stated that its ideal DeFi should feature permissionless access, censorship resistance, privacy-first design, self-custody, and open source principles, emphasizing support for projects that truly align with these values.

Charles St. Louis said, "DeFipunk" represents a core philosophy that DeFi should not just be an improved version of traditional finance, but a financial system that can only exist on Ethereum.