#Aave Founder Proposes Reform for Ethereum Foundation#
Hot Topic Overview
Overview
Aave founder Stani Kulechov recently proposed a series of reforms to the Ethereum Foundation's (EF) budget and operational structure. He believes that the EF currently has excessive spending and financial management problems, and suggested reducing annual expenditure from $130 million to $30 million, keeping the number of employees below 80, optimizing team structure, and ensuring that 80% of the team members are technical personnel. He also suggested the establishment of a five-member leadership committee chaired by Vitalik Buterin, and strengthening financial management through diversified investment, DeFi lending, and other means to ultimately establish a sustainable revenue model. Stani's proposals have sparked heated discussions in the community, and Vitalik Buterin has announced changes to the Ethereum Foundation's leadership aimed at achieving five goals, indicating that the Ethereum Foundation is actively seeking reforms to address current challenges.
Ace Hot Topic Analysis
Analysis
Aave founder Stani Kulechov recently proposed 12 reforms for the Ethereum Foundation (EF)'s budget and operational structure. He believes that the EF currently has excessive spending and fund management issues. He suggests cutting expenses to $30 million, keeping the number of employees below 80, optimizing team structure, and ensuring that 80% of the team members are technical personnel. Additionally, he proposes the establishment of a 5-person leadership committee, chaired by Vitalik Buterin, and strengthening fund management by diversifying investments into low-risk long-term assets, DeFi projects, and profitable projects within the Ethereum ecosystem. He also suggests optimizing fund flow through Aave lending. Stani also emphasizes the establishment of a sustainable revenue model, supporting a reasonable EF budget through transaction fees or staking rewards. His suggestions aim to streamline the EF organization structure, improve efficiency, and ensure its long-term sustainability. It is noteworthy that Vitalik Buterin also announced leadership changes in the Ethereum Foundation, stating that its goals are to achieve five objectives, the details of which are yet to be disclosed.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum Foundation needs to cut spending and personnel, reducing its annual budget from $130 million to $30 million and limiting its workforce to 80 people, even suggesting a reduction to 50.
Ethereum Foundation needs to optimize its team structure, lay off unnecessary positions, including executives, advisors, part-time roles, interns, etc., ensuring that 80% of the team are technical personnel and dividing them into small 5-person technical teams, each focusing on a specific area.
Ethereum Foundation needs to reform its leadership structure, establishing a 5-member leadership committee, based on ability, with Vitalik serving as chair.
Ethereum Foundation needs to strengthen its fund management, internalizing the fund management team, dispersing treasury assets to low-risk long-term assets (LRSTs), DeFi projects and Ethereum ecosystem profit-making projects, using staking rewards to convert to stablecoins and generating additional income through DeFi; when ETH performs strongly, optimize fund flow through Aave lending.