A Billion-Dollar Vision: Former Insider Calls for New Ethereum Advocacy Body
A prominent former member of Ethereum's core research team has unveiled a groundbreaking proposal for the network's future. The plan advocates for the creation of a new, independent organization designed to be directly aligned with Ethereum's long-term economic success.
Identifying Structural Gaps: The Case for Change
The proposal highlights perceived limitations in the current support structure. It notes that the existing primary foundation holds a very small fraction of the total ETH supply and lacks a sustainable revenue model from network staking or fees. This financial structure, it argues, may hinder aggressive, long-term strategic initiatives necessary for the ecosystem's next phase.
The $1 Billion Framework: Funding, Governance, and Goals
The blueprint for the new entity is both ambitious and detailed, with a minimum fundraising target of $1 billion. Its operational model is built on several pillars:
- Governance by a competent and visionary leadership team.
- A funding model partially sustained by staking rewards, creating a direct economic feedback loop with the network's health.
- A more accountable board of directors with a clear mandate to execute strategies that enhance Ethereum's overall value proposition.
The Architect: From Scaling Solutions to Strategic Proposals
The proposal originates from Dankrad Feist, a key contributor to Ethereum's core protocol design. He was instrumental in co-creating a major sharding design aimed at scaling Layer 2 solutions. After his tenure at the foundation, where he also served as a strategic advisor on scaling and user experience, he moved to a different Layer 1 network. His technical pedigree includes authoring a significant improvement proposal to drastically increase the network's gas limit.