Aave Team Publicly Disses Ethereum Foundation: Founder and Team "Don't Just HODL"
Original Article Title: "Aave Team Calls Out Vitalik Buterin and Ethereum Foundation: Calls for Removal of Founder and Team to Stop 'Dumping' Only"
Original Article Author: 0xJigglypuff, from BlockTempo in the dForce ecosystem
The largest lending protocol in the Ethereum ecosystem, Aave, initiated a "diss the Ethereum Foundation" discussion in the community yesterday (6). Aave's founding member, Marc Zeller, posted on X criticizing the Ethereum Foundation's inaction in recent years. Zeller believes that most of the Ethereum Foundation's non-performing employees and team leaders should be immediately dismissed. While not directly mentioning Ethereum's founder Vitalik Buterin, many believe that Vitalik should also take responsibility.
Five Major Reform Suggestions
Zeller mentioned that the Ethereum Foundation should implement the following five points to rescue its inefficient ecosystem operations and controversies:
1. Fire 80% of non-developers and many current team leaders
2. Swap the Ethereum held by the Foundation for a long-term, well-tested staking substitute (LST asset)
3. Remove 95% of sponsored projects, especially those with plans that "only run nodes in specific cities (Vorkuta)"
4. Do not dump Ethereum. Use the staking substitute (LST asset) as collateral in lending protocols to borrow and reduce operational costs
5. Hand over the Twitter account to those who truly understand Ethereum technology and marketing to promote it, such as @JimmyRagosa, @ethereumintern_, @antiprosynth. Each of them can post 20 tweets per day.
Community Response
After this post, it sparked widespread discussion, with some questioning why the Ethereum Foundation did not address the funding issues in a way similar to a lending protocol. Some in the community mentioned that Ethereum has never wanted to favor any DeFi or LST protocols. Still, it spent $2 billion on maintaining Danksharding and Beamchain and was unwilling to spend a dime on marketing. This is an area that should be coordinated; otherwise, it should be dissolved. Additionally, @0xVoltaireon, a community member who had previously participated in Gitcoin Grants Review, also chimed in, stating that the Ethereum Foundation is just a money-filled sham:
「The most miserable thing I used to think about when reviewing grants is that, in fact, the Ethereum Foundation is a place full of money, and then it was basically drained by the World Economic Forum gang (WEF gang, referring to the Ethereum upper echelon close to Vitalik Buterin, giving up decentralization, embracing the idea of a world currency), endless projects have nothing to do with decentralization and power distribution, (decentralization) is just their fraudulent praise word under the guise of social welfare.」
This post also triggered many long-time Ethereum supporters to quote retweet "How to Save Ethereum," with retweets including Manta Core Contributor @victorJi15, former Enzyme Finance Core Contributor @deepcryptodive, Ethereum OG @intocryptoast, and so on... the list goes on, on how to quell the backlash initiated by the Ethereum protocol developer community, depending on how the Ethereum Foundation will regain the lost public sentiment.
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