Odaily Planet Daily News 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 reduce the burning rate 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. Prohibit 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 5-person committee, selected based on performance, one of whom is the chairman and responsible for VB;
8. A part of the non-technical team should focus on financial management (done internally);
9. Diversify financial investments into various long-term sustainable assets (LRSTs), as well as DeFi projects 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 make regular sales when ETH outperforms other assets;
12. Create a sustainable income model from transaction or staking fees to fund a reasonable EF budget.