Proposal seeks new organization with $1 billion in ETH funding and staking fees to align economic incentives with Ethereum’s growth.
A former Ethereum Foundation researcher proposed creating a new organization to replace the current foundation, requiring at least $1 billion in ETH funding. Dankrad Feist argued the new group would need staking fees and a leadership focused on raising ETH’s price to ensure economic alignment with the network’s success.
Feist noted the Ethereum Foundation holds less than 0.1% of all ETH and receives no staking or fee revenues. The proposal follows recent resignations and criticism of Ethereum co-founder Vitalik Buterin’s vision for the project’s future.
The suggested structure includes a board prioritizing ETH appreciation and a leader willing to advocate aggressively for the asset’s growth.