Founder of the Aave Chan Initiative (ACI), Marc Zeller, stated on X that to address the issues of the Ethereum Foundation, the following must be done:
Immediately fire 80% of non-developers and current leadership;
2. Convert the remaining ETH of the foundation into a market-tested 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.
