#Aave founder proposes reforms for the Ethereum Foundation#
Hot Topic Overview
Overview
Aave founder Stani Kulechov recently proposed 12 reform suggestions targeting the Ethereum Foundation (EF)'s budget and operational structure, sparking heated community discussions. He believes that the EF currently suffers from excessive spending and poor fund management, suggesting significant budget cuts, streamlined team size, and optimized team structure and leadership architecture. Stani proposes slashing the EF's annual spending from $130 million to $30 million, limiting the number of employees to 80, and suggesting that 80% of the team members be technical personnel, divided into small 5-person technical teams, each focusing on specific areas. He also proposes a 5-person leadership committee with Vitalik serving as chairman, and strengthened fund management, diversifying investments into various long-term sustainable assets (LRSTs), DeFi projects, and Ethereum ecosystem profit-generating projects. He also advocates for establishing a sustainable revenue model to support a reasonable EF budget. Stani emphasizes that the current team size, being too large, easily leads to communication breakdowns, suggesting streamlining to a more efficient scale and focusing on long-term sustainability.It is noteworthy that Vitalik Buterin also announced changes to the Ethereum Foundation leadership, stating that they are aimed at achieving five objectives. Currently, the Ethereum Foundation is facing spending and financial issues. Stani's suggestions have triggered widespread community discussions and provided new insights for the EF's future development direction.
Ace Hot Topic Analysis
Analysis
Aave founder Stani Kulechov recently proposed 12 reform suggestions for the Ethereum Foundation (EF) budget and operational structure, aiming to address the EF's current excessive spending and fund management issues and achieve sustainable development. Stani believes that the EF should reduce its annual expenditure from $130 million to $30 million, limit its staff to 80 people, and optimize its team structure, dismissing unnecessary positions and ensuring that 80% of its team members are technical personnel. He also suggested establishing a 5-person leadership committee, chaired by Vitalik, and strengthening fund management by diversifying investments into low-risk long-term assets, DeFi projects, and Ethereum ecosystem profitable projects, converting staking rewards into stablecoins, and generating additional returns through DeFi. Additionally, Stani proposed establishing a sustainable revenue model to support a reasonable EF budget through transaction fees or staking rewards. Stani emphasized that the current team size is too large and can lead to communication breakdowns, proposing a streamlining to a more efficient size and focusing on long-term sustainable development. It is noteworthy that Vitalik Buterin has also announced changes in the Ethereum Foundation leadership, aiming to achieve five goals, which resonate with Stani's suggestions, indicating that the Ethereum Foundation is actively seeking reforms to address current challenges and achieve more sustainable development.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum Foundation needs to cut expenses and staff to achieve sustainability.
Ethereum Foundation needs to optimize team structure, streamline staff, and ensure that technical staff constitute the majority.
Ethereum Foundation needs to reform its leadership structure and establish an efficient leadership committee.
Ethereum Foundation needs to strengthen its financial management, diversify investments, and establish a sustainable revenue model.