Aave Founder Stani Kulechov Proposes Vital Changes for a Sustainable Ethereum Foundation

In a recent statement on social media, Aave founder Stani Kulechov highlighted essential reforms for the sustainability of the Ethereum Foundation (EF). Key recommendations include a significant reduction in the foundation’s burn rate, proposing it be cut from $130 million to $30 million. Kulechov also emphasized the need to streamline personnel, suggesting a workforce of just 80 employees to ensure operational efficiency.

Moreover, he urged a rigorous review of employee roles to eliminate senior positions and any potential conflicts of interest among advisors. Kulechov stressed that 80% of the staff should be skilled technical experts, organized into small teams focusing on specialized areas. This restructuring aims to enhance productivity and accountability within the EF’s leadership.

Further recommendations involve diversifying treasury investments into sustainable assets and DeFi projects, as well as developing a robust revenue model through transaction fees to support the foundation’s budget. Kulechov’s insights come at a time when the EF is grappling with significant financial challenges, requiring immediate strategic action.