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06/23 09:54

BitcoinWorldEthereum Foundation faces mounting cri

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge BitcoinWorldEthereum Foundation faces mounting criticism over financial management and funding strategy The Ethereum Foundation (EF) is facing intensifying industry criticism over its financial management and organizational strategy, with prominent figures in the decentralized finance (DeFi) space questioning the foundation’s ability to sustain core development operations. Industry leaders question EF’s financial stewardship Marc Zeller, founder of the Aave governance group Aave Chan Initiative (ACI), publicly criticized the EF on X, arguing that the foundation could have been operated efficiently with basic budgeting principles. Zeller suggested that the EF should have used its substantial ETH reserves as collateral to generate yield, funding only high-impact projects rather than what he described as “52 clients that nobody uses or meetups in Lesotho.” He further noted that after the delayed transition to Proof-of-Stake (PoS), the EF could have staked its vast ETH holdings to generate returns sufficient to fund operations indefinitely. “If the EF hits a wall, it doesn’t deserve help. Ethereum will be fine though,” Zeller concluded, signaling a lack of confidence in the foundation’s leadership. Internal culture of financial avoidance Keyring Network founder Alex McPharlane added that financial management and DeFi were treated as “taboo subjects” within the EF, where employees focused on financial concerns were viewed as not prioritizing the broader mission. “Now the funding shortage is a reality,” McPharlane stated. He estimated that the EF holds between $500 million and $900 million in liquid assets, which he argued should be more than sufficient to cover an annual budget of $20 million to $30 million. He characterized the inability to manage these resources effectively as “incompetent.” Funding crisis timeline These cri
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