The Ethereum Foundation just reshuffled the leadership of its most important technical team. Will Corcoran, Kev Wedderburn, and Fredrik Svantes were appointed co-leads of the Protocol cluster on May 12, replacing the outgoing trio of Barnabé Monnot, Tim Beiko, and Alex Stokes.

The Protocol cluster, formerly known as Protocol R&D, is the core group responsible for designing and developing the Ethereum base layer.

A full leadership swap

All three previous co-leads are out, and three new faces are in. ETH held steady around $3,200 following the announcement, with 24-hour trading volume sitting at roughly $18B. Collectively, the incoming leads have contributed to over $2.5M in EF-funded grants.

What the Protocol cluster actually does