Ethereum DeFi giants jointly establish the EPAA advocacy alliance

Jinse Finance reported, citing Cointelegraph, that major DeFi protocols in the Ethereum ecosystem, including Aave Labs, Curve, Lido Labs, and Uniswap Foundation, have jointly established the Ethereum Protocol Advocacy Alliance (EPAA). The alliance aims to coordinate policy efforts and educate legislators about the Ethereum ecosystem. The alliance emphasized that its establishment is important to balance the "excessive influence" of centralized crypto entities in policy-making. The EPAA has received support from the Ethereum Foundation and will interact with policymakers in four ways: contributing technical expertise, producing practical resources, coordinating strategic engagement, and identifying areas of shared technical interest. Reportedly, these protocols collectively safeguard over $100 billions in non-custodial assets.