Aave founder proposes 12 improvements for the Ethereum Foundation
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2025-01-20 21:02 3,347
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Golden Finance reported that on January 20, Aave founder Stani Kulechov posted on social media that I read the Ethereum Foundation’s annual budget report and the following are the measures needed to make the Ethereum Foundation (EF) sustainable: 1. Immediately cut cash burn rate from $130 million to $30 million;
2. Reduce the number of employees to 80; 3. Carefully review who can stay. Remove senior positions, consultants, any part-time roles, interns, free riders, cockroaches and parasites;
4. Consultancy or any conflict of interest is prohibited;
5. Ensure that 80% of employees are technical personnel;
6. All technical teams are divided into small teams of 5, each focusing on specific fields and professions;
7. The leadership should be a 5-person committee, selected based on performance, one of whom is the chairman and is responsible for VB;
8. Part of the non-technical team should focus on financial management (done in-house);
9. Diversify your finances by investing in various long-term sustainable assets (LRSTs), as well as DeFi projects and non-DeFi projects with good fundamentals and profitability, and built on Ethereum;
10. Diversify staking income into stablecoins and invest funds in DeFi;
11. Manage finances by borrowing money and conduct scheduled sales when ETH performs better than other assets;
12. Create a sustainable revenue model from transaction or staking fees to fund a reasonable EF budget. Currently, EF faces spending and financial problems. Let's solve this problem.