TechFlow news, January 20 — Stani Kulechov, founder of Aave, posted on X stating that after reading the Ethereum Foundation's annual budget report, he proposed the following measures to promote the sustainable development of the Ethereum Foundation (EF):
1. Immediately reduce annual spending from $130 million to $30 million;
2. Reduce staff headcount to 80 people;
3. Carefully review who remains—eliminate senior positions, consultants, part-time roles, interns, freeloaders, cockroaches, and parasites;
4. Ban consultants or any conflicts of interest;
5. Ensure that 80% of employees are technical personnel;
6. Split all technical teams into small groups of five, each focusing on specific domains and specialties;
7. Leadership should consist of a five-member committee selected based on performance, with one serving as chair responsible for VB;
8. Part of the non-technical team should focus on financial management (handled internally);
9. Diversify financial investments into various long-term sustainable assets (LRSTs), as well as DeFi and non-DeFi projects with strong fundamentals and profitability, all built on Ethereum;
10. Diversify staking yields into stablecoins and deploy capital into DeFi;
11. Manage finances by borrowing from Aave and conduct timed sales when ETH outperforms other assets;
12. Create a sustainable revenue model derived from transaction or staking fees to fund a reasonable EF budget. Currently, EF faces spending and financial challenges. Let's solve this problem.
