Profound Innovation

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Lubin calls <a href="https://jpyxx.com/eth-usd/">Ethereum</a> DATs a “profound innovation,” backs them with 30,000 <a href="https://minority-mindset.com/eth-usd/">ETH</a>

Joseph Lubin, one of the creators of Ethereum, praised Ethereum Digital Asset Treasuries as a significant advancement. He supports holding ETH without borrowing and has pledged 30,000 ETH to help recover rsETH. He also presented Ethereum’s plan to protect against future quantum computing threats.

Summary

  • At Consensus 2026, Consensys CEO and Ethereum co‑founder Joseph Lubin praised Ethereum Digital Asset Treasury (DAT) vehicles such as Strategy, SharpLink, and BitMine as “profound innovations” that build “long-term permanent capital” for Ethereum without leverage.
  • He warned that “weak assets and copycat DATs” could damage the ecosystem, arguing that only disciplined, unlevered ETH treasuries truly align with Ethereum’s long‑term health.
  • Lubin also highlighted Consensys’ and his own commitment of 30,000 ETH to DeFi United’s rsETH recovery effort after the KelpDAO exploit, and stressed that Ethereum has an embedded roadmap toward quantum-safe cryptography—unlike Bitcoin, which he said faces thornier property issues migrating quantum‑vulnerable addresses.

Lubin backs ETH treasury companies and the DAT model

A recent report from The Block details how Joseph Lubin highlighted companies like Strategy, SharpLink, and BitMine at the Consensus 2026 conference. He praised these publicly traded businesses for holding Ethereum on their balance sheets, calling them good models for Ethereum Digital Asset Treasuries (DATs).

He described these companies as creating lasting financial foundations for Ethereum by directly purchasing ETH, holding it through staking, and avoiding risky borrowing. This approach makes them function more like stable, long-term investments rather than businesses focused on quick, speculative trades.

SharpLink’s CEO explains the company consistently invests in Ethereum (ETH) by purchasing it and then ‘staking’ it to earn more – a strategy that allows their ETH holdings to grow over time. This approach, which involves regularly selling stock to fund these purchases, has received public support from Ethereum founder Joseph Lubin, who is both a shareholder and advisor to the company.

During his Consensus speech, Lubin described the DAT structure as a significant breakthrough. He explained that it establishes publicly traded companies specifically designed to transform traditional investments into staked Ether, essentially creating a standard way for institutions to hold ETH as treasury assets.

He also warned that Decentralized Autonomous Trading (DAT) systems with poor foundations or those simply imitating others, especially if they aren’t open about their finances, use borrowed money, or focus on investments outside of Ethereum, could damage confidence and create wider problems. This means not all DATs are truly working to benefit the Ethereum ecosystem.

You can find more details about the interview and The Block’s article here: Ethereum co-founder Joseph Lubin supports companies managing ETH, and describes Data Availability Teams as a significant advancement.

30,000 ETH for DeFi United and KelpDAO recovery

Lubin highlighted Consensys’ and his involvement in DeFi United, a group that came together to restore funds after the rsETH hack in April, which targeted KelpDAO.

In late April, Aave and DeFi United announced that Consensys and Lubin would contribute up to 30,000 ETH to help recover rsETH. This support joins contributions from Aave (25,000 ETH), Mantle, Lido, and other leading protocols.

According to TRM Labs and Chainalysis, the recent KelpDAO bridge hack impacted about 116,500 rsETH, which represents roughly 18% of all rsETH in circulation. The attackers gained access to KelpDAO’s internal systems and created new collateral without backing it, causing significant disruption in the broader decentralized finance (DeFi) lending market.

By pledging a significant amount of ETH as a safety net, Lubin highlighted DeFi United as a prime example of how Ethereum fosters teamwork. Instead of relying on legal action or regulatory intervention to recover funds, established DeFi projects, infrastructure providers, and treasury management companies are proactively working together to address issues.

You can find more details about this commitment here: Consensys and Joe Lubin are supporting the recovery of rsETH with 30,000 ETH through DeFi United.

Ethereum’s quantum-safety roadmap vs. Bitcoin’s migration problem

Lubin also discussed future security, explaining that Ethereum is already preparing for the threat of quantum computing through its development plans. Bitcoin, however, will face more challenging issues regarding ownership and security when quantum computers become powerful enough to pose a real risk.

Ethereum is planning a multi-year upgrade to protect itself against future quantum computers. This involves replacing current security methods—like some types of digital signatures and cryptographic commitments—with newer methods that are resistant to attacks from quantum computers. These new methods will rely on technologies like hash functions and lattice problems, such as those used in STARK-based systems.

This plan allows users to slowly and safely update their accounts to protect against future threats. They can move their funds and change how they verify transactions at their own pace, without causing any interruptions to the system or requiring immediate changes to existing contracts.

When it comes to the threat of quantum computing, studies comparing Ethereum and Bitcoin suggest that both currently use similar security methods. However, Ethereum is better positioned to adapt because its design allows for easier updates and changes to its core code. Bitcoin, with its different system for tracking transactions and reluctance to make major changes, might face more difficulties in updating older, vulnerable accounts and unused coins to protect them from future quantum attacks.

According to a recent analysis by crypto.news, Ethereum’s planned upgrades are designed to establish it as a strong, decentralized foundation for the future. This idea was also highlighted by Joseph Lubin at the Consensus conference, where he contrasted Ethereum’s ongoing development with Bitcoin’s increasingly fixed nature.

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2026-05-06 14:17