Aave Chan Initiative Founder Proposes Changes for Ethereum Foundation

According to Odaily, Marc Zeller, founder of the Aave Chan Initiative (ACI), recently shared his views on addressing issues within the Ethereum Foundation. Zeller suggested several measures, including the immediate dismissal of 80% of non-developer staff and current leadership. He also proposed converting the foundation's remaining ETH into a market-tested LST portfolio. Further recommendations included a 95% reduction in current subsidies, particularly initiatives like running nodes in Vorkuta. Zeller advised against selling ETH, suggesting instead the use of LST to lend stablecoins through platforms like Sky/Aave, which would help reduce operational costs. Additionally, he recommended handing over the X account to @JimmyRagosa, @ethereumintern_, and @antiprosynth, who actively promote the Ethereum ecosystem with over 20 posts daily.