Aave founder presents 12 recommendations to Ethereum Foundation, calling for the creation of a sustainable revenue model

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ODAILY
01-20
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Odaily reported that on January 20, Aave founder Stani Kulechov posted on social media that he had read the Ethereum Foundation's annual budget report, and the following measures are needed to ensure the sustainability of the Ethereum Foundation (EF): 1. Immediately reduce the burn 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, freeloaders, cockroaches and parasites; 4. Prohibit consultants or any conflicts of interest; 5. Ensure that 80% of employees are technical personnel; 6. Split all technical teams 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, with one as the chairman responsible for VB; 8. A portion of the non-technical team should focus on financial management (done internally); 9. Diversify the treasury into various long-term sustainable assets (LRSTs) and DeFi and non-DeFi projects with good fundamentals and profitability, all built on Ethereum; 10. Diversify staking rewards into stablecoins and invest the funds into DeFi; 11. Borrow from to manage finances and sell on a timed basis when ETH outperforms other assets; 12. Create a sustainable revenue model from transaction or staking fees to fund a reasonable EF budget.

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