The organization aims to reduce annual spending to 5% of treasury assets by 2030 following senior departures and headcount cuts.
The Ethereum Foundation will cut its budget by approximately 40% this year as part of a shift to a leaner, endowment-style model. The move follows a 20% reduction in headcount and the resignation of co-Executive Director Hsiao-Wei Wang, marking the ninth senior departure since January.
The foundation currently spends about 15% of its treasury assets annually. The new model targets reducing this to around 5% by 2030, according to Ethereum co-founder Vitalik Buterin. The changes reflect broader organizational turmoil and a strategic pivot toward sustainability.
The announcement coincides with ongoing leadership instability, raising questions about the foundation’s operational stability amid its restructuring efforts.