Odaily News According to BlockBeats, on January 20, Aave founder Stani Kulechov posted on social media 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 cut cash burn 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. No consultants or any conflicts of interest;
5. Ensure that 80% of employees are technical personnel;
6. All technical teams are split into small 5-person teams, each focusing on specific areas and specialties;
7. The leadership should be a committee of 5 people, selected based on performance, one of whom will be the chairperson and responsible for VB;
8. A portion of the non-technical team should be dedicated to financial management (done internally);
9. Diversify financial investments into various long-term sustainable assets (LRSTs), as well as DeFi 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. Borrow from Aave to manage finances and sell regularly when ETH outperforms other assets;
12. Create a sustainable revenue model from transaction or staking fees to fund a reasonable EF budget.