Aave Founder Proposes Measures for Ethereum Foundation's Sustainability

According to Odaily, Aave founder Stani Kulechov recently shared his insights on social media after reviewing the Ethereum Foundation's annual budget report. He outlined several measures aimed at ensuring the sustainability of the Ethereum Foundation (EF). Kulechov suggested an immediate reduction in spending from $130 million to $30 million and proposed decreasing the staff count to 80. He emphasized the need for a thorough review of personnel, advocating for the removal of senior positions, consultants, part-time roles, interns, and any non-essential staff. He also recommended prohibiting advisors or any conflicts of interest. He stressed that 80% of the workforce should consist of technical personnel, with technical teams divided into small groups of five, each focusing on specific areas and expertise. Leadership should be a five-member committee selected based on performance, with one member acting as chairperson responsible for VB. For non-technical teams, Kulechov advised focusing on internal financial management. He also recommended diversifying financial investments into various long-term sustainable assets, including DeFi and non-DeFi projects with strong fundamentals and profitability, built on Ethereum. Additionally, he suggested diversifying staking returns into stablecoins and investing funds in DeFi. Kulechov proposed borrowing from Aave for financial management and timing sales when ETH outperforms other assets. Finally, he advocated for creating a sustainable revenue model from transaction or staking fees to support a reasonable EF budget.