Aave Team Challenges Ethereum Foundation: Time for a Change
The Aave team, led by Marc Zeller, has sparked a heated debate in the Ethereum community by calling for significant changes within the Ethereum Foundation. In a recent article published on X, Zeller criticized the foundation’s inaction and proposed a series of drastic measures to revitalize the ecosystem.
Five Key Proposals to Save the Ethereum Ecosystem
Zeller’s article outlined five key proposals to address the Ethereum Foundation’s inefficiencies and disputes:
1. Streamline the Team: Fire 80% of non-developers and many current team leadership positions to increase efficiency and reduce bureaucracy. 2. Replace ETH Holdings: Replace the ETH held by the foundation with a long-term pledge alternative (LST asset) that can withstand testing for a long time. 3. Reevaluate Sponsored Projects: Delete 95% of sponsored projects, especially those that “only run nodes in a specific city (Vorkuta)” and lack meaningful contributions to the ecosystem. 4. Optimize Lending Agreements: Use pledge substitutes (LST assets) in lending agreements to borrow money and reduce operating costs, rather than dumping Ethereum. 5. Enhance Marketing Efforts: Transfer Twitter accounts to individuals who truly understand Ethereum technology and marketing, such as @JimmyRagosa, @ethereumintern_, and @antiprosynth, to promote the ecosystem more effectively.
Community Reaction and Debate
The article sparked a widespread discussion, with many community members questioning why the Ethereum Foundation handles fund issues differently than lending agreements. Some pointed out that Ethereum has historically avoided taking sides with any DeFi or LST agreement, despite spending billions on maintenance and development.
Community member @0xVoltaireon, a former Gitcoin bonus reviewer, criticized the Ethereum Foundation for being a “money-laden” organization that has been “abandoned” by the World Economic Forum faction (WEF gang). He argued that the foundation’s endless projects have little to do with decentralization and are instead driven by self-interest.
Long-Term Supporters Weigh In
Several long-term supporters of Ethereum, including Manta core contributor @victorJi15, former eznyme finance core contributor @deepcryptodive, and Ethereum OG @intocryptoast, have quoted and reposted Zeller’s article, calling for change within the Ethereum Foundation.
Conclusion
The Aave team’s challenge to the Ethereum Foundation has ignited a crucial debate about the ecosystem’s future. As the community continues to discuss and debate the proposed changes, it remains to be seen how the Ethereum Foundation will respond and regain lost public support. One thing is certain – the Ethereum ecosystem is at a crossroads, and the decisions made in the coming weeks and months will shape its future trajectory.
Source: M.theblockbeats.info
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