Original | Odaily Planet News (@OdailyChina)
Author | Wenser (@wenser 2010)
The Ethereum Foundation's reform continues. After Vitalik fired the first shot of "reform", the former executive director Aya Miyaguchi stepped back, and the new executive director Wang Xiaowei announced subsequent plans in a community interview, the Ethereum Foundation's reform has finally entered the "serious" stage.
On June 3rd, the Ethereum Foundation announced the reorganization of the R&D team and layoffs, focusing on network expansion and user experience; launched the Devconnect ARG Scholar Program. Today, the Ethereum Foundation's official account again issued a statement, clarifying the foundation's latest fiscal policy.
It's clear that the Ethereum Foundation is truly beginning to let go of its arrogance and strive for change. Whether the consecutive plans can become a price booster for ETH and an innovation driver for the Ethereum ecosystem remains to be verified by time. Odaily Planet News will provide a brief analysis of the Ethereum Foundation's (hereinafter referred to as EF) recent changes and subsequent impacts.
EF's Internal Changes: The First Cut Targets the R&D Team
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First, EF will comprehensively consider two factors: annual operating expenses and the number of years of operating expense buffer. Currently, it sets the annual operating expenses at 15% of the total treasury, retaining a 2.5-year expense buffer, and will gradually transition to a long-term expenditure level of 5% (similar to regular donation organizations).
Second, EF will prioritize supporting secure, decentralized, and open-source DeFi protocols, obtaining reasonable returns through methods such as wETH Staking, stablecoin lending, and exploring Tokenized RWA configurations. Additionally, to further enhance the transparency of asset spending, EF will have its finance team compile and maintain specific quarterly and annual reports, which will be distributed based on scope and sensitivity.
EF is finally saying goodbye to unclear accounts
Third, EF will firmly adhere to Defipunk values, actively support Defipunk projects, encourage DeFi protocols without KYC, self-custodial, and privacy-friendly, and plan to prioritize privacy standards, decentralized UI, and anti-censorship mechanisms as core evaluation criteria for EF fund deployment. The announcement emphasizes: "Existing systems often impose subtle pressures that narrow the design space for new DeFi primitives and limit privacy-centric innovation. The Ethereum Foundation will resist these pressures." This is the first time EF has officially expressed support for anti-censorship mechanisms, which suggests that ZK technology still has enormous development potential.
Conclusion: ETH's Price Discovery Requires More Opportunities
With ETH's price warming up, many bullish views have emerged in the market recently. SharpLink Gaming, a US-listed company, imitating Strategy's BTC hoarding strategy to reserve ETH, has been seen by many as a prelude to ETH's price takeoff. However, these events and factors are more like a "short-term remedy" for repairing expectations. The long-term development of Ethereum's ecosystem and ETH's price performance still depends on EF's various internal and external changes, which is the true "long-term reassurance".
It can be anticipated that based on the current plan and progress pace, the time to verify the correctness of EF's measures will not be short, requiring at least 1-2 years to start.
