Ethereum Foundation Announces New Treasury Management Policy Amid Criticism

The Ethereum Foundation has released a treasury management policy, which outlines their spending related to annual operational costs and overall asset reserves. They plan to systematically reduce expenses by limiting the spending to 5% of reserves annually over a five-year period. The sale of ETH will be conducted according to a pre-planned schedule, primarily through swaps and off-fiat ramps. They aim to generate profits through individual staking and utilizing wETH in DeFi protocols. Regular quarterly and annual reports will be provided to ensure transparency. Additionally, project support will be managed based on DeFi-punk principles. This policy was adopted in response to criticism regarding poor management and the selling of ETH. Recently, the foundation has undergone staffing changes, started staff optimization, and increased their use of DeFi tools to generate income.