Aave Founder Proposes 12 Improvement Proposals to the Ethereum Foundation

On January 20th, Stani Kulechov, the founder of Aave, posted on social media, saying, "I have gone through the Ethereum Foundation Annual Budget Report, and here are the measures required to make the Ethereum Foundation (EF) sustainable: 1. Immediately decrease the burn rate from $130 million to $30 million. 2. Reduce the number of employees to 80. 3. Carefully examine who can remain. Eliminate senior positions, advisors, any part-time roles, interns, freeloaders, roaches, and parasites. 4. Prohibit advisors or any conflicts of interest. 5. Ensure that 80% of employees are technical personnel. 6. All technical teams should be divided into small 5-person teams, each concentrating on a specific area and expertise. 7. The leadership team should be a 5-person committee, selected based on performance, with one serving 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 built 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. Establish a sustainable revenue model through transaction or staking fees to support a reasonable EF budget. Currently, the EF is facing expenditure and financial problems. Let's deal with this matter."