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
@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
@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
@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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Gordon DeCraft
@decraft.eth
5/6 While Buterin noted that regulatory concerns have decreased, the second issue about taking positions on contentious hard forks remains significant. However, he added that there are ways to minimize these concerns, and they're actively exploring solutions
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Gordon DeCraft
@decraft.eth
6/6 The outcome of this discussion could set a precedent for how crypto foundations manage their treasuries while maintaining neutrality in network governance
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