Gordon DeCraft pfp
Gordon DeCraft
@decraft.eth
1/6 As Ethereum community members call for the Ethereum Foundation to stake its ETH to cover expenses instead of selling tokens, @VitalikButerin addressed the foundation's staking concerns
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Gordon DeCraft pfp
Gordon DeCraft
@decraft.eth
2/6 The discussion started when @0xstark explained that EF uses Ethereum mainnet to: • Swap ETH for stablecoins via @CoWSwap • Pay people with stables and ETH • Handle payments for events like Devcon and Devconnect
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Gordon DeCraft pfp
Gordon DeCraft
@decraft.eth
3/6 @econoar criticized the current approach, stating that EF's "number one use case is dumping ETH" and called the situation "insane," suggesting the foundation could stake its ETH and use DeFi to cover most of its internal budget
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Gordon DeCraft pfp
Gordon DeCraft
@decraft.eth
4/6 @VitalikButerin responded by highlighting two main concerns: 1. Regulatory risks 2. The need to take positions on future contentious hard forks
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