Aave Founder Proposes 12 Improvement Proposals to the Ethereum Foundation

BlockBeats News, January 20th, Aave founder Stani Kulechov posted on social media, stating, "I have read the Ethereum Foundation Annual Budget Report, and the following are the measures needed to make the Ethereum Foundation (EF) sustainable:

1. Immediately reduce the burn rate from $130 million to $30 million;

2. Reduce the number of employees to 80 people;

3. Carefully review who can stay. Remove senior positions, advisors, any part-time roles, interns, freeloaders, roaches, and parasites;

4. Prohibit advisors or any conflicts of interest;

5. Ensure 80% of employees are technical personnel;

6. All technical teams should be split into small 5-person teams, each focusing on a specific area and expertise;

7. The leadership team should be a 5-person committee, selected based on performance, with one as the chair responsible for VB;

8. Part of the non-technical team should focus on financial management (handled internally);

9. Diversify the treasury investment in various long-term sustainable assets (LRSTs), as well as fundamentally sound and profitable DeFi and non-DeFi projects building on Ethereum;

10. Diversify staking rewards into stablecoins and allocate funds into DeFi;

11. Borrow Aave's asset management finances and conduct timely sales when ETH outperforms other assets;

12. Create a sustainable revenue model from transaction or staking fees to fund a reasonable EF budget.

Currently, the EF is facing expenditure and financial issues. Let's address this matter."