ChainCatcher news, Aave contributor and founder of the Aave Chan Initiative (ACI) Marc Zeller stated on X that to address the Ethereum Foundation's issues, it is necessary to:

  1. Immediately lay off 80% of non-developers and the current leadership;

  2. Convert the remaining ETH of the foundation into a market-validated LST portfolio;

  3. Cut current subsidies by 95%, especially initiatives like 'running nodes in Vorkuta';

  4. Do not sell ETH, but use LST to borrow stablecoins through Sky/Aave while reducing operational costs.

  5. Hand over the X account to @JimmyRagosa, @ethereumintern_, and @antiprosynth, who will post 20+ updates daily to promote the Ethereum ecosystem.

#ETH