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Stani.eth|Jan 20, 2025 12:14
I read the Ethereum Report 2024 budget report and here is whats needed to make EF sustainable:
- Cut be burn rate from 130M to 30M right away
- Cut the head count to 80 people
- Review carefully who can stay. Remove executive roles, advisories, any part time roles, interns, free riders, cockroaches and parasites
- Ban advisories or any conflict of interests
- Ensure that 80% of the headcount is technical
- All tech teams broken down to small 5-person teams with own focus areas and speciality
- Leadership should be 5 people committee, merit-based, with one is chair who is VB
- Part of the non-technical team is treasury management (do it in-house)
- Diversify treasury into various LRSTs and also to DeFi projects and non-DeFi that have good fundamentals and are profitable and build on Ethereum
- Diversify staking yields into stablecoins and supply into DeFi
- Borrow from Aave to manage treasury and time sales when ETH outperforms everything else
- Create a sustainable revenue model from transactions or staking fees that can fund a reasonable EF budget
Currently EF has an expenses and treasury problem. Lets fix it.
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