According to PANews, the Eigen Foundation has announced the official launch of the Protocol Council, marking the completion of the final transaction to transfer control to the council. The Protocol Council serves as the central decision-making body for the governance of EigenLayer. It is responsible for reviewing and approving EigenLayer Improvement Proposals (ELIPs) to ensure that all protocol upgrades meet security requirements and support the sustainable development of the ecosystem. The council is composed of diverse representatives from the Eigen ecosystem, aiming to advance decentralized governance of the protocol.