Author: 0xJigglypuff, BlockTempo
The largest lending protocol in the Ethereum ecosystem, Aave, initiated a wave of "diss the Ethereum Foundation" comments in the community yesterday (6). Marc Zeller, the founder of the Aave contribution team, criticized the Ethereum Foundation's inaction in recent years in a post on X. Zeller believes that most of the idle positions and team leaders at the Ethereum Foundation should be immediately dismissed. Although he did not mention Ethereum founder Vitalik Buterin, many in the comments felt that he should also be held accountable.
Five Major Reform Suggestions
Zeller mentioned that the Ethereum Foundation should implement the following five points to save its inefficient ecosystem operations and controversies:
Dismiss 80% of non-developers and many current team leadership positions.
Convert the ETH held by the foundation into long-term tested staking alternatives (LST assets).
Eliminate 95% of sponsored projects, especially those that "only run nodes in specific cities (Vorkuta)."
Do not dump Ethereum; instead, use staking alternatives (LST assets) in lending protocols to borrow funds, reducing operational costs.
Hand over the Twitter account to people who truly understand Ethereum technology and marketing for promotion, such as @JimmyRagosa, @ethereumintern_, and @antiprosynth, who can each post 20 tweets daily.
Community Response
The post sparked extensive discussion, particularly around why the Ethereum Foundation is not handling fund issues through lending protocols. Some in the community pointed out that Ethereum has always been reluctant to take sides with any DeFi or LST protocols, yet it spent $2 billion on maintaining Danksharding and beamchain while unwilling to spend a dime on marketing. This is an area that needs coordination; otherwise, it should be disbanded. A community member who previously participated in Gitcoin grant reviews, @0xVoltaireon, also chimed in, stating that the Ethereum Foundation is merely a place filled with money:
"What I found most tragic during my time reviewing grants was that the Ethereum Foundation is essentially a place full of money, which is basically drained by the World Economic Forum faction (WEF gang, alluding to Ethereum's upper management close to Vitalik, who have abandoned decentralization and embraced the ideal of a world currency), with endless projects and power dispersion completely unrelated. (Decentralization) is just a fraudulent praise they use in the name of social welfare."
The post also prompted many long-time supporters of Ethereum to share and retweet "how to save Ethereum," including Manta core contributor @victorJi15, former eznyme finance core contributor @deepcryptodive, Ethereum OG @intocryptoast, and many others. How to quell this wave of criticism initiated by the Ethereum protocol developer community will depend on how the Ethereum Foundation plans to regain the lost public trust in the near future.
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