Aave founder proposes 12 improvements to the Ethereum Foundation
on January 20th, Aave founder Stani Kulechov posted on social media stating that he had read the Ethereum Foundation's annual budget report. The following are the measures needed to make the Ethereum Foundation (EF) sustainable: 1. Immediately reduce the burn rate from $130 million to $30 million; 2. Reduce the number of employees to 80; 3. Carefully review who can stay, removing senior positions, advisors, any part-time roles, interns, freeloaders, cockroaches, and parasites; 4. Prohibit advisors or any conflicts of interest; 5. Ensure that 80% of employees are technical personnel; 6. All technical teams should be split into small 5-person teams, each focusing on specific fields and specialties; 7. The leadership should be a 5-person committee based on performance selection, with one person as the chairman responsible for VB; 8. Part of the non-technical team should focus on financial management (completed internally); 9. Diversify finances to invest in various long-term sustainable assets (LRSTs), as well as DeFi projects and non-DeFi projects with good fundamentals and profitability, and establish them on Ethereum; 10. Diversify staking revenue into stablecoins and invest funds in DeFi; 11. Borrowing management finances and regularly selling when ETH outperforms other assets; 12. Create a sustainable revenue model from transaction or staking fees to fund a reasonable EF budget. Currently, EF is facing expenditure and financial problems. Let's solve this problem.
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