Aave Chan founder: Ethereum Foundation should lay off employees and stop selling ETH to solve existing problems

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MarsBit
01-05
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Mars Finance News, Aave Chan Initiative (ACI) founder Marc Zeller posted on X stating that to solve the Ethereum Foundation's problems, the following needs to be done:

·Immediately fire 80% of non-developers and the current leadership;

·Convert the remaining ETH of the Foundation into a market-tested LST portfolio;

·Cut 95% of current subsidies, especially initiatives like "running nodes on Vokuta";

·Do not sell ETH, but use LST to lend stablecoins through Sky/Aave, while reducing operating costs;

·Hand over the X account to @JimmyRagosa, @ethereumintern_, and @antiprosynth, who will post 20+ updates daily to promote the Ethereum ecosystem.

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