Project Progress

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Ethereum Foundation Cuts Budget 40% in Shift to Endowment Model

Ethereum co-founder Vitalik Buterin announced on June 23 that the Ethereum Foundation will cut its budget by roughly 40% and eliminate 54 roles as part of a restructuring toward a long-term endowment model. The organization aims to reduce annual spending from about 15% of its treasury to around 5% a
ETH-1.52%
EthanBrooks·06-24 06:33
Ethereum Foundation Cuts Budget 40% in Shift to Endowment Model

Tori Finance Opens RockawayX Pre-deposit Vault with $50M Cap

According to Foresight News, on-chain yield protocol Tori Finance launched a new pre-deposit vault curated by RockawayX on June 24, with a deposit limit of $50 million and a 2x Cores points multiplier. As of the report, approximately $38.07 million had been deposited, leaving 23.9% of capacity
ETH-1.52%
GateNews·06-24 04:01
Tori Finance Opens RockawayX Pre-deposit Vault with $50M Cap

Ethereum faces a 3-9 month funding crisis, and Lesaege re-staking rewards are taxed

Crypto media outlet BlockTempo cited on June 24 a warning from a former Ethereum insider that the Ethereum core development ecosystem may face a “slow-burning liquidity crisis” within the next 3 to 9 months; the backdrop is the Ethereum Foundation completing a 20% layoff and cutting its annual budget by about 40%. Kleros co-founder Clément Lesaege proposed a plan capped at 10% for “validator transfer income”. Lesaege’s staking tax proposal: 50,000 to 70,000 ETH per year Lesaege’s “validator tran
ETH-1.52%
MarketWhisper·06-24 03:36
以太坊資金危機